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Department Stores
M&S CEO calls for business rates and apprenticeship levy reform
M&S CEO Stuart Machin has publicly called for Chancellor Jeremy Hunt to introduce reforms to business rates and the apprenticeship…
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News
Today’s news in brief-1/3/24
The forthcoming £90m Oxford Street Programme is poised to generate up to £2.8bn in additional sales for London’s West End…
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Supermarkets
Asda co-owner to step back after ‘fixing’ supermarket
Asda co-owner Mohsin Issa has announced that he is set to step back from running the business after “fixing” it.…
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News
Today’s news in brief-29/2/24
UK retail destinations saw a decline in footfall by -2.2% overall for the month. The start of February was marked…
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Department Stores
Frasers Group CMO exits amid marketing team restructure
Frasers Group chief marketing officer Beckie Stanion has left her post amid a restructure of the company’s marketing team, leaving…
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News
Today’s news in brief-28/2/24
Shein is reportedly contemplating shifting its Initial Public Offering (IPO) from New York to London amidst anticipated regulatory hurdles in…
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M&A
Jollyes acquired by TDR Capital
Jollyes has been acquired by TDR Capital from previous owners Kester Capital, for what Kester calls a 4.2x return on…
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Electrical
Halfords issues profit warning as core markets weaken
Halfords has announced that it now expects its full year PBT to be in the range of £35-40m, down from…
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News
Today’s news in brief-27/2/24
Shop price inflation reached its lowest level since March 2022, dropping to 2.5% in February, according to new figures from…
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DIY
Homebase owner eyes second sale in four years
Hilco Capital has reportedly put Homebase up for sale for the second time in four years after acquiring the business…
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