All Policy & legal articles – Page 4
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NewsPoundland wins go-ahead for restructuring plan from High Court
Value retailer Poundland has been given a green light to restructure, providing a lifeline as it launches a revival strategy.
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NewsRetailers warn chancellor that prices will rise if more tax is imposed in autumn Budget
Over 60 of the UK’s largest retailers have written a letter to chancellor Rachel Reeves warning her that prices will rise if additional tax hikes are introduced in the upcoming autumn Budget.
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NewsConsumer confidence increases but rising inflation looms
Consumer confidence has risen slightly in August, but this may not last long as there are “clouds on the horizon in the form of inflation”.
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NewsDebenhams completes £175m refinancing deal
The company announced that a new three-year credit facility would be led by investment firm TPG Angelo Gordon, a subsidiary of TPG which had helped take the Debenhams department store chain private in 2003.
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NewsONS retail sales data delayed for ‘quality assurance’
The data was due to be published on Friday, but will now be published a fortnight later, according to the UK statistics body
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NewsAmazon faces legal action over ‘artificially inflating prices’ from consumer rights organisation
Amazon is facing legal action from a consumer rights organisation on behalf of UK customers as it is accused of “artificially inflating prices”.
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NewsShein posts record UK annual sales and profits
Online fashion giant Shein, which is pondering a London listing, has reported record turnover and earnings at its UK arm.
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NewsSupermarkets at risk of closing as a result of business rates rise
More than 100 supermarkets run by big grocers could shut because of government plans to increase business rates, piling futher costs on the industry.
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NewsClaire’s warns store managers to expect bailiffs as US bankruptcy impacts UK trading
Embattled retailer Claire’s has warned managers of its UK stores to expect bailiffs turning up to recover unpaid debts, Retail Week understands.
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NewsRiver Island secures lifeline after High Court approves restructuring plan
River Island has successfully secured High Court approval for its restructuring plan, providing a crucial lifeline for the embattled chain as it works to transform its business model.
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AnalysisTariffs set to cost UK non-food retailers £618.5m
The tariffs are also driving 76% of UK retail exporters to diversify beyond the US, according to research by Retail Economics and ecommerce firm ESW
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NewsCrunch high court ruling to decide River Island’s future delayed
River Island will have to wait to see what the future holds for the business as the final ruling has been moved to a different date.
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Opinion‘Now’s the right time to assess the potential for retail M&A’
The current environment presents a unique opportunity for astute buyers of businesses, maintains PwC’s Lisa Hooker
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NewsRiver Island still confident of High Court decision despite creditor backlash at vote
River Island was handed a bloody nose after landlords voted down its restructuring proposals last Friday, although the retailer is still confident of the High Court waving through the controversial measures, Retail Week can reveal.
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NewsJohn Lewis may cut affordable flats development due to delays
Department store and grocery group John Lewis Partnership may cut the number of affordable flats at its build-to-rent scheme in Reading as planning delays and funding demands threaten the viability of the project.
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NewsAmazon warns on profits as uncertainty over tariffs threaten ecommerce business
Amazon has warned it may fail to meet market expectations on its operating income, as concerns over how President Trump’s tariffs will affect its ecommerce business overshadowed strong sales.
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Opinion‘Unemployment fears could weigh on consumers’ minds even more than price rises’
A cautionary comment from fashion powerhouse Next that rising unemployment could be a threat in the months to come will resonate with other retailers, observes Retail Week executive editor George MacDonald
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NewsRetailers warn Reeves tax increases would raise prices
Some of Britain’s biggest retailers have warned that tax rises in the autumn Budget could trigger higher prices.
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NewsRiver Island vote goes to the wire as retailer bets its survival on High Court judgement
Friday’s vote on River Island’s restructuring plans is likely to go to the wire with disgruntled landlords set to vote against it, although a High Court ‘cramming down’ judgement could yet save the brand
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NewsRetail groups urge government to make changes to Employee Rights Bill
Several retail and employment bodies have urged the government to accept changes to the Employee Rights Bill.