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Economy
UK airport retailers expected to take over £56m during ‘busiest time of the year’
New research has found that UK travellers will spend over £56m at UK airports during this period, considered the “busiest…
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Department Stores
John Lewis bucks retail woes with festive sales increase
John Lewis has bucked retail troubles reporting a total sales increase of 1.8% for the week to 15 December. The…
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Economy
HMV’s Hong Kong operations enter liquidation following 41% revenue fall
HMV is to wind up its Hong Kong stores after entering liquidation today (18 December), the company blamed a 41%…
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Clothing & Shoes
Laura Ashley to close 40 UK stores as it expands to China
Homeware and clothing retailer, Laura Ashley has announced it is to close 40 UK stores as it expands its Chinese…
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Department Stores
Mike Ashley asks Debenhams to ‘reconsider’ £40m offer in ‘frustrated’ email
Mike Ashley has asked Debenhams to “reconsider” his £40m investment offer which he described as “a very public statement of…
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Clothing & Shoes
Russell and Bromley sees 55% profit plunge
Footwear retailer Russell and Bromley has announced a 55% fall in profits in the year to 31 December 2017. The…
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M&A
Walmart to acquire online home decor retailer Art.com
US retail group Walmart has announced it is to acquire online home decor retailer, Art.com for an undisclosed sum. The…
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Government
Major retailers’ e-receipts ‘may break data protection rules’
New research has found that major retailers “may break data protection rules” for sending promotional marketing to shoppers who had…
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High Street
Welsh high street retailers to get £2,500 each in business rate cuts
The Welsh government has announced it is to give retailers £2,500 each in business rate cuts. Finance secretary, Mark Drakeford…
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