All News articles – Page 2083
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High street faces a “slow death”, report claims
High streets face a “slow death,” following stiff competition from out-of-town supermarkets and shopping centres, according to a report by the British Shops and Stores Association.
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Sports Direct’s Ashley plans to up stake
Sports Direct founder Mike Ashley has set out plans to buy back a further 5 per cent of its shares, sparking fresh speculation that he plans to buy back the business he floated 10 months ago.
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Topps Tiles pre-tax profits dip
Tile and wood flooring retailer Topps Tiles reported a fall in pre-tax profit for its full-year after the refinancing of its share buy-back resulted in a higher interest charge. However, the retailer said the “business is in excellent shape”.
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OFT launches investigation of online retailers
The Office of Fair Trading (OFT) and Local Authority Trading Standards Services (TSS) have launched a sweep of online retailers to ensure they comply with key requirements of online shopping laws in the run-up to Christmas.
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Positive John Lewis sales could kick-start Christmas
Fears of a retail slowdown this Christmas may abate as John Lewis reported a 10 per cent jump in sales last week.
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Tesco reveals aggressive international expansion plan
Tesco is planning to generate more than half of its annual sales from its international operations in the next 10 years.
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Gap warns shoppers about fake discount voucher
Fashion chain Gap has told shoppers that 60 per cent off vouchers being circulated by e-mail are fake.
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John Lewis faces union anger
The John Lewis Partnership will come under attack from trade union representatives this week, following the sale of two of its factories.
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Spending to rise 5 per cent this Christmas
UK consumers will splash out almost 12 billion this Christmas – a 5 per cent increase on last year, according to the British Retail Consortium and Nielsen.
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Shoppers will still splash out this Christmas
Despite the doom and gloom on the UK high street, shoppers will still splash out this Christmas, according to a report from Mintel.
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US enters critical festive trading period
All eyes will be on US retail sales today, at the start of the country’s crucial Christmas spending season in the midst of its credit crunch.
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Asos eyes stores to raise brand profile
Groundbreaking fashion e-tailer Asos may open stores to complete its multichannel offer.
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Carrefour to phase out Spanish Champion fascia
French retail giant Carrefour has revealed its Champion supermarket brand could disappear in the next three years, as it has plans to convert more than 1,000 of the stores to Carrefour.
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Furniture retailers brace for tough 2008
Furniture and floorcoverings retailers have enjoyed a sales lift this year but should prepare for tougher conditions in 2008, according to Verdict Research.
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Ocado reaches financial milestone
Internet grocery retailer Ocado expects to become profitable next year after ploughing 350 million over eight years into the business.
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Peacocks resurrects international ambitions
Value fashion group Peacocks has revived its international ambitions with plans to double its overseas store count.
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New Look chairman steps down
Richard Lapthorne, chairman of value fashion retailer New Look, has stepped down from the board and retired from his position.
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Shoppers’ Stop picks Portland for Hyderabad
Indian department store operator Shoppers’ Stop has appointed London design consultancy Portland to work on its forthcoming 53,820 sq ft (5,000 sq m) department store in Hyderabad.
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Next opens first Home in London
Next opened its first standalone Home store in London this week, a 15,000 sq ft (1,395 sq m) outlet on the site of failed entertainment retailer Fopp’s flagship on Tottenham Court Road.
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Rituals makes its UK debut
Dutch cosmetics chain Rituals opened its first UK store on Oxford Street last week.