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Supermarkets
Co-op underlying profits jump to £43m in H1
The Co-op has posted underlying profits of £43m during the first half of the year, up from a £1m loss…
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Economy
Bank of England keeps interest rates unchanged at 5.25%
Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates unchanged at 5.25%. At its latest…
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Clothing & Shoes
Secret Sales acquires Spanish online fashion retailer Dreivip.com
Secret Sales has announced the acquisition of Dreivip.com – the Spanish discount retailer – for an undisclosed sum. Secret Sales…
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Economy
Inflation ‘unexpectedly’ falls to 6.7%
The headline rate of inflation has fallen by 0.1% to 6.7% in August, according to the latest data from the…
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Supermarkets
Unexpected September heatwave helps UK grocery sales bounce back
The late summer and unexpected heatwave in early September helped lift grocery sales at UK supermarkets, with Total Till sales…
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People Moves
Lululemon adds Shane Grants to its board
Lululemon Athletica has announced the appointment of Shane Grant to serve on its board of directors, effective 1 November 2023.…
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People Moves
UK GDP falls by ‘worse than expected’ 0.5% in July
The UK economy shrunk by a “worse than expected” 0.5% in July as poor weather and industrial strikes impacted production,…
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High Street
Wilko to close all remaining stores, 12,500 jobs at risk
Collapsed retail chain Wilko will close all of its 400 stores by early October after a rescue bid failed to…
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High Street
HMV owner fails with Wilko rescue deal
A rescue deal for collapsed high street retailer Wilko which could have saved thousands of jobs has failed after HMV…
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High Street
Bank holiday boosts footfall by 10.5% on Sunday
Footfall on Sunday (27 August) was +10.5% higher than the week before, rising in all three destination types; by +9%…
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