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Department Stores
Thai group closes in on £4bn deal to buy Selfridges
The Weston Family are close to agreeing a deal with Thailand’s Central Group over the £4bn sale of Selfridges. According…
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Coronavirus
Mandatory face coverings return in shops amid new variant fears
The government announced over the weekend the return of mandatory face coverings in all shops and on public transport after…
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XR targets Amazon centres in Black Friday demo
Extinction Rebellion (XR) demonstrators have organised a series of protests outside Amazon fulfilment centres across the UK and Europe in…
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Health & Beauty
Revolution Beauty eyes US expansion despite losses widening
Revolution Beauty has revealed plans to expand its presence in the US market, despite seeing its H1 losses widen to…
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Clothing & Shoes
Gap cuts 2021 guidance as supply chain woes dent sales
Gap has lowered its full-year guidance after it revealed supply chain disruption has dented its Q3 sales and led to…
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Online & Digital
Very Group sees quarterly profits rise to £13.5m
The Very Group has revealed its pre-tax profits for the 12-week period ending 2 October 2021 increased to £13.5m, up…
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Department Stores
US equity firm Apollo examines potential M&S buyout
US private equity firm Apollo has reportedly been considering a buyout of Marks and Spencer, after initially considering it to…
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Economy
UK Consumer Confidence improves in November despite high inflation
UK consumer confidence improved by three points in November despite concerns over rising inflation, according to GfK’s Consumer Confidence Index.…
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Department Stores
House of Fraser to close its Oxford Street store
Mike Ashley’s Frasers Group has confirmed that its flagship store on London’s Oxford Street is to close permanently. The retailer…
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Online & Digital
Amazon to stop accepting Visa credit cards in UK from Jan 2022
Amazon has announced that from 19 January 2022 it will no longer accept Visa credit cards as a payment method…
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