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Economy
Inflation falls to lowest rate in over three years
UK inflation fell to 1.7% in September, down from 2.2% in August, marking the lowest rate in over three years.This…
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High Street
Poundstretcher bolsters leadership team with host of senior appointments
Poundstretcher has announced a series of senior appointments within its commercial and store operations teams to help fuel its growth…
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Department Stores
Selfridges’ property value falls by more than £600m
The value of Selfridges’ property portfolio plunged by more than £600m last year, according to The Sunday Times.The Times reported…
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Online & Digital
THG raises £95m to fund Ingenuity demerger
THG has raised over £95m to fund the demerger of its Ingenuity arm, which is set to become a standalone…
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Online & Digital
Amazon launches new AI-powered tools for shoppers and drivers
Amazon has unveiled new AI-powered initiatives for both shoppers and delivery drivers, including the launch of AI Shopping Guides, product…
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Clothing & Shoes
Shein’s UK profits double as sales hit £1.55bn in 2023
Shein’s UK arm has seen revenues rise by 38% to £1.55bn in the year ended 31 December 2023, up from…
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Department Stores
Saudi Arabia acquires 40% stake in Selfridges
Saudi Arabia’s Public Investment Fund has acquired a 40% stake in Selfridges after purchasing the shares previously held by collapsed…
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Clothing & Shoes
Yoox Net-A-Porter to be acquired by Mytheresa in €555m deal
Mytheresa has signed a deal to acquire Yoox Net-A-Porter (YNAP) from Richemont for €555m (£464m).Following the deal, Richemont will acquire…
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Clothing & Shoes
Shein to hold informal talks with investors ahead of possible London float
Shein is reportedly set to hold informal talks with potential investors in the coming weeks regarding its much anticipated London…
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Supermarkets
Tesco ups FY guidance as sales and profits rise in H1
Tesco has upped its full-year guidance after a period of “strong momentum” and rising profits in its half-year results, with…
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