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Property
Retailers cautious to invest as retail vacancies plateau
The overall vacancy rate for retail units in the UK remained at 13.8% of Q1 in 2023, the same rate…
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Supermarkets
Sainsbury’s posts fall in profits amid consumer cost measures
Sainsbury’s has seen its statutory pre-tax profits drop 62% to £327m, down from £854m the previous year, during the 52-week…
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Features
Experience and experiment: the changing nature of the flagship
“Our flagship has always been at the heart of Heal’s, and is symbolic of the significant role that bricks and…
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Clothing & Shoes
Ted Baker CEO to step down after takeover
Ted Baker CEO Rachel Osbourne is set to step down from her position following the takeover by Authentic Brands Group…
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Supply Chain
Ocado to close warehouse risking 2,300 jobs
Ocado has announced that it is closing its fulfilment centre in Hatfield putting 2,300 jobs at risk. The retailer stated…
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Luxury Goods
Kering set to pay £13m rent for Bond Street store
Luxury retailer Kering is set to pay £13m or more per year for a new Yves Saint Lauren store on…
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Economy
Poor weather sees retail sales fall 0.9% in March
Retail sales in the UK fell 0.9% in March according to latest figures from the Office for National Statistics (ONS).…
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Department Stores
Dunelm Q3 sales up 6% after moving winter sale
Dunelm has announced that its sales have risen 6% to £423m, up from £399m, for the 13 weeks to 1…
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Supermarkets
Sainsbury’s joins bidders for Planet Organic
Sainsbury’s has reportedly launched a bid for Planet Organic’s name and intellectual property assets, according to reports from Sky News. …
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Supermarkets
Food and drink inflation in supermarkets surges 17.2% in March
Overall food and drink inflation in supermarkets rose 17.2% in March, up from 16.5% last month, according to data from…
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