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Supermarkets
Tesco joins Amazon and Microsoft ‘checkout-free’ war
Tesco has announced it is trialling new till-free technology as it looks to take on Amazon and Microsoft, which have…
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Economy
Head office jobs more likely to face axe than shop floor following national living wage rises
New research has found that those working in head office are more likely to lose their jobs as the result…
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Economy
EXCLUSIVE: Mattressman accounts ‘disaster’
Mattressman has revealed that it entered a Company Voluntary Agreement (CVA) due to “inaccurate management accounts”, which led the company…
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Economy
More than 130 jobs cut as Mattressman enters CVA
Mattressman has announced it is to enter a Company Voluntary Agreement (CVA) which will see the closure of 14 of…
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Economy
Chanel reveals profits for the first time
Fashion brand Chanel has released its profit figures for the first time in its 108-year history. Chanel saw an 18%…
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Government
MPs hit out at ‘baloney’ supermarket claims of price-cut post-merger
Neil Parish MP yesterday told Asda CEO Roger Burnley not to “give us a load of baloney” after Burnley repeatedly…
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High Street
EXCLUSIVE: Starbucks says ‘no UK store closures’ after US announcement
Starbucks’ recent US store closures announcement “does not affect” its UK stores, Retail Sector has learned. The clarification comes days…
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Economy
Hornby announces £10.1m loss
Hornby has announced a pre-tax loss of £10.1m and “lower than expected sales” leading to shares plummeting by 20% this…
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Department Stores
Debenhams issues profit warning
Debenhams has issued a warning saying it now expects pre-profits to be “in the range of £35m-£40m” significantly lower than…
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Economy
Bitcoin in retail could ‘bring the internet to a halt’
A new report from the Bank of International Settlements (BIS) in Switzerland has claimed Bitcoin would “bring the internet to…
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