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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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Online & Digital
UK retailers suffer one cyberattack every 8 days
The UK’s retailing sector has experienced 44 cyberattacks in the last 12 months – roughly one every 8 days –…
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Comment
Why data activation is the secret to a successful Black Friday
As economies reopen and consumers adjust to post-crisis life, marketers face an ongoing period of change. Nevertheless, 2021 looks set…
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High Street
B&M launches £250m senior secured notes offering
B&M has announced that it intends to raise £250m through a sterling-denominated senior secured notes offer due in 2028. B&M…
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Supply Chain
Supply chain issues to last until 2023, APB warns
Supply chain issues could continue into 2023, the chief executive of the Association of British Ports (APB) has warned. According…
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