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Clothing & Shoes
Ted Baker reveals £25m stock inventory error
Ted Baker has revealed its profits have been overstated by £25m. The company’s board estimated the value of inventory on…
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Economy
Consumer confidence ‘flatlines’ in November, claims GfK
GfK’s Consumer Confidence Index has revealed a ‘flatline’ in consumer confidence. Consumer confidence in November was ranked at -14, the…
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High Street
‘Please respect shopworkers’, says USDAW
The trade union leader of Usdaw has urged shoppers to “keep their cool” this Black Friday. The Union of Shop,…
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Clothing & Shoes
Peacocks announced as ‘preferred bidder’ for Bonmarché
Peacocks has been chosen as the preferred bidder to acquire Bonmarché, it was announced this morning. FRP Advisory was appointed…
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High Street
Shop prices fall for sixth consecutive month
Shop prices fell for the sixth consecutive month, according to the November BRC-Nielsen Shop Price Index. Overall prices fell by…
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DIY
SCS reports sales slump
Furnishings retailer SCS has reported a fall in like-for-like sales amid “growing political uncertainty”. In the 17 week period ended…
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Sports Direct International set to rebrand as Frasers Group
Sports Direct International is set to change its name to Frasers Group, the parent company of Sports Direct has revealed. …
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High Street
Black Friday offers ‘few genuine discounts’, claims Which?
Nearly all Black Friday deals were either cheaper or available at the same price at other times of the year,…
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Luxury Goods
Louis Vuitton buys Tiffany for $16bn
Louis Vuitton (LVMH) has announced a “definitive” agreement with Tiffany and Co., whereby it will acquire the luxury jewellers for…
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People Moves
Landsec appoints new CEO
Land Securities Group (Landsec) has appointed Mark Allan as new CEO, the retail property group announced today. His role will…
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