Matalan sees positive changes in a wide-ranging turnaround, revenues are down but improving

It’s been a very busy “transformational” year on several fronts for Matalan as the fashion/lifestyle retailer battles to delivery a wide-ranging turnaround plan. First there’s the drive to improve underlying profitability set against a “challenging economic backdrop”, and then there’s the wider plan to deliver “better style, quality and value product offering” while increasing its…

Read More

Temu-owner PDD Holdings’ revenues hit by intense China competition and challenges abroad

By Reuters Published March 20, 2025 PDD Holdings, which operates e-commerce platforms Pinduoduo and Temu, missed market estimates for quarterly revenue on Thursday, as demand remained weak in China despite deep discounts and government stimulus to boost spending. Shutterstock While government stimulus measures and deep price cuts from retailers have drawn some shoppers, PDD’s sales report indicates…

Read More