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Clothing & Shoes
Bonmarche rejects Philip Day takeover bid
The directors of fashion chain Bonmarche have asked its shareholders to “unanimously” reject a takeover bid by Spectre Holdings –…
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Department Stores
Debenhams to ask for 50% cut in business rates bills
Embattled department store Debenhams has reportedly planning to ask 30 local authorities to accept a 50% reduction in its business…
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High Street
Sports Direct facing probe from financial regulators
Sports Direct is facing scrutiny from two financial regulators over its accounts and information relating to a possible bid for…
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Economy
Increase in redeveloped units set to ‘reimagine’ retail
The number of units that were structurally changed or redeveloped (demolished, merged, split or converted for another use such as…
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Economy
Company insolvencies reach five-year high
New figures from the Insolvency Service show the first quarter of 2019 had the second highest underlying level of insolvencies…
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Economy
Consumer confidence remains negative in April
Consumer confidence remained at its level of -13 in April according to GfK’s Consumer Confidence Index. Two measures increased and…
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Economy
Retail rents fall as pressure on sector continues
High street shop prime rents fell by 1% in the first quarter of the year, according to real estate company…
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Online & Digital
Amazon’s profits double in record results
Amazon.com has posted record profits of $3.6bn (£2.8bn) – up from last year’s $1.6bn (£1.2bn) – for the 13 weeks…
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Economy
74,400 retail jobs lost in first three months of 2019
The retail sector saw a 2.4% year-on-year drop in the number of employees in the first quarter of this year,…
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High Street
Majestic Wine could sell all UK stores as it moves online
Specialist wine retailer Majestic Wine could sell all 200 of its UK stores as the business prepares to move its…
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