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Department Stores
Independent department store Sandersons reports record festive sales
Independent department store Sandersons Boutique has hailed a record-breaking festive sales period, despite facing a cost-of-living crisis, freezing weather conditions…
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High Street
Wilko secures £40m in funding from Homebase owner
Wilko has reportedly secured £40m in funding from Hilco UK, the investor which owns both Homebase and Cath Kidston. According…
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High Street
Made.com board proposes vote on liquidation
The board of Made.com has formally proposed the winding up of the business through a voluntary liquidation process. In a…
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Clothing & Shoes
Paul Smith halves operating loss as FY sales surge 35%
Fashion retailer Paul Smith has almost halved its operating loss from £16.16m to £8.25m for the year ended 30 June,…
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Supermarkets
Tesco to open three more GetGo stores with new hybrid format
Tesco has announced a further expansion of its GetGo stores trial, with the first of three already open at Chiswell…
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High Street
Rail strikes and cold weather sees high street footfall fall 10%
The rail strikes and a bout of cold weather negatively impacted high street footfall last week, a key period for…
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Clothing & Shoes
Frasers acquires JD Sports’ premium fashion businesses
Frasers Group has announced the acquisition of JD Sports’ premium fashion offering in a deal worth up to £47.5m. The…
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Economy
Bank of England raises interest rates by 0.5% to 3.5%
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of…
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Economy
Inflation falls to 10.7%
UK Inflation fell to 10.7% in November, down from 11.1% in October, but still remains close to a 40-year high…
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Supermarkets
Shopper spend rises 7.6% at UK supermarkets despite squeeze on incomes
Total Till sales grew +7.6% in the last four weeks ending 3 December 2022, up from +5.6% last month, according…
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