All News articles – Page 1977
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French Connection buys back Japanese joint venture
French Connection has bought back its Japanese joint venture and plans to move the business into profitability within three years.
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Seaham gains majority share of Instore
Seaham Investments has confirmed it now owns a 51 per cent stake in Instore.
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BPF ups ante on Government over rate relief
The British Property Federation (BPF) has stepped up pressure on the Government over the controversial introduction in April of changes to the laws governing empty property relief.
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Fire closes West End stores
Several stores near Bond Street underground station on Oxford Street have been forced to close today, following a fire last night.
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Centros plans Castle View overhaul
Developer Centros has submitted plans for the 150 million Castle View shopping centre in Lancaster.
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Fashion trio barter for lease on South Molton Street site
Three leading fashion retailers are vying for what is set to be one of the most sought-after retail development sites in London’s West End for years.
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Food prices drive inflation in June
Soaring food and fuel prices pushed the benchmark Consumer Prices Index up 3.8 per cent in June compared with 3.3 per cent in May – almost double the Bank of England’s inflation target.
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JD changes name to drive fashion
Sports retailer John David Group has changed its name to JD Sports Fashion.
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Ebay triumphs in counterfeit goods case
EBay has survived a four-year legal wrangle with Tiffany over the jeweller’s claim that the online auction site should be held liable for the sale of counterfeit jewellery on its site.
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Austin Reed distances itself from Dawnay Day crisis
Austin Reed said it should not be affected by the financial troubles at Dawnay Day, which was involved in buying the fashion retailer in January last year.
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Jessops warns on profits
Camera specialist Jessops has warned that losses this year will be worse than last year, as tough trading conditions continue to bite.
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MFI calls in restructuring expert
Furniture retailer MFI is understood to have called in corporate restructuring company Kroll Talbot Hughes (KTH) as the credit crunch bites.
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Burberry sales soar 14 per cent
Burberry Group’s retail sales jumped 14 per cent for the three months to June 30.
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June like-for-likes down 0.4 per cent
UK like-for-like sales dipped 0.4 per cent in June, compared with the same month last year.
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Retailers fined over tobacco price fixing
Five retailers and a tobacco manufacturer have agreed to pay the biggest collective penalty ever imposed by the Office of Fair Trading after admitting their role in cigarette price fixing.
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River Island profits slip
Profits at young fashion chain River Island have been hit, but sales rose 8.5 per cent despite the challenging market.
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Co-op poised to complete Somerfield takeover
The Co-operative Group is this week expected to complete its 1.6 billion takeover of rival chain Somerfield.
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Regional malls continue to deliver for House of Fraser despite fuel worries
House of Fraser is bucking the sales downturn at out-of-town centres, recording like-for-like rises at its stores in regional malls despite claims that consumers are cutting back on visits.
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Waitrose to spotlight promos in value push
Waitrose is to ramp up its in-store promotional displays in a bid to change shoppers’ perceptions that it is more expensive than its rivals.
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eBay defends itself to users after court fight
EBay has posted an online letter to its 14 million UK users defending its position following its high-profile fight with LVMH in the French courts.