Fashion Software

The European division of TJX Companies, which operates UK discount chain TK Maxx, saw comparable sales rise 6% in the 13 weeks to May 2 and profits jump 42% to $15.5 million (£10m).

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Rinku Loomba, managing director of high street supplier Rinku Group, which also owns concession business Tigi-Wear, said today’s rescue of Bay Trading marked the group’s first entry into the young fashion market.

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