All News articles – Page 1253
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NewsInflation rate slows to 2.5%
The rate of inflation slowed to 2.5% in August due to smaller rises in the price of clothing.
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NewsNearly half of retailers to offer contactless payments by next year
In the next year, 44% of retailers will offer contactless payment technologies in-store and 35% will invest in new mobile and e-commerce technology, according to a report by Mastercard.
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NewsJeff Banks slips up at Prima High Street Fashion Awards
The fashion designer, who was presenting at the event last week, thanked the audience for attending the Primark High Street Fashion Awards – before sheepishly rectifying his mistake.
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NewsFormer River Island boss Bradbury joins Boden board
Former River Island chief executive Richard Bradbury has joined the board of online fashion retailer Boden.
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NewsGordon Brothers buys Dublin department store Clerys out of receivership
Restructuring firm Gordon Brothers has acquired Dublin department store Clerys out of receivership.
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NewsJD Sports' profits hit by Blacks loss
JD Sports has reported a 1.1% increase in like-for-likes for the first half but, as it advised at its last results, the sportswear retailer’s operating profit was dragged down by a £10m loss at the newly-acquired Blacks business.
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NewsDebenhams forecasts profits rise as like-for-likes grow
Debenhams has reported “strong” like-for-like growth in the last year and pre-tax profit is expected to be up.
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NewsHammerson turns up heat on Westfield in Whitgift battle
Property developer Hammerson has turned up the heat on rival Westfield over their competing plans to redevelop Croydon by acquiring a 25% stake in the 155 year headlease of the Whitgift Centre.
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NewsIkea appoints new group chief executive
Ikea Group has appointed Peter Agnefjäll as president and chief executive to replace Mikael Ohlsson, who will step down next September after 34 years with the retailer.
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NewsHamleys acquired by French toys giant Ludendo
Hamleys has been bought by French toys giant Groupe Ludendo.
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NewsAll Saints raids Burberry for new chief executive William Kim
Fashion retailer All Saints has hired Burberry’s senior vice president of retail and digital commerce William Kim as its new chief executive.
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NewsMorrisons introduces new premium own brand range
Morrisons has launched a new premium own brand range, M Signature, which will replace its The Best line.
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NewsLloydspharmacy profits plummet
Lloydspharmancy’s pre-tax profits plummeted by 45% from £104.7m to £57.2m in 2012 as sales remained flat at £1.76bn.
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NewsDreams chief operating officer Greg Suthern departs
Dreams chief operating officer Greg Suthern has left the business after nine years.
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NewsVideo: John Lewis launches new TV advert
John Lewis has launched its latest TV advertising campaign to promote its Never Knowingly Undersold strapline.
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NewsIndian foreign investment law relaxation opens the door for Tesco
A relaxation of the laws on foreign direct investment (FDI) in India has opened the door for Tesco to trade under its own brand in the country for the first time.
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NewsSuperGroup pay awards under scrutiny from investors
SuperGroup is set to become the latest retailer to face a shareholder rebellion over director pay.
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NewsTopshop claims record online audience for fashion show
More than 2 million people in 100 countries tuned into fashion retailer Topshop’s livestreamed fashion show at London Fashion Week yesterday.
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NewsSales climb at Jack Wills
Sales at preppy fashion retailer Jack Wills surged by 32% last year, when earnings fell as a result of investment.
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NewsJJB deal close but many stores likely to shut
Sports Direct is expected to acquire up to half of rival JJB’s 180 stores this week. The deal is likely to lead to the closure of the rest of JJB Sports’ business and a large number of job losses among JJB’s 3,000 staff.