Year: 2019

Debenhams chairman ousted by Mike Ashley

The chairman of Debenhams, Sir Ian Cheshire, has resigned with immediate effect after Mike Ashley and other shareholders voted him…

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John Lewis staff face missing out on bonus for first time since 1953

John Lewis staff could lose their share of the department store giant’s profit for the first time since 1953. Traditionally,…

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Worst Christmas for retail in a decade, says the BRC

The retail sector has seen its worst Christmas performance in 10 years, despite a number of businesses reporting positive trading…

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Debenhams suffers sales struggle over Christmas

Department store chain Debenhams has reported a 3.4% drop in group like-for-like (LFL) sales for the six weeks to 5…

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Tesco reports strong sales over Christmas period

Tesco has beaten City forecasts with a 2.6% increase in like-for-like sales over the six week period ending 5 January.…

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M&S sales drop amid ‘difficult’ market

Marks and Spencer has reported a 2.7% drop in its total sales for the 13 weeks to 29 December 2018.…

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Why online retailers must address the checkout process

The retail industry has dramatically changed and continues to do so at a rapid pace. The days of bricks-and-mortar stores…

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Mothercare sales plunge 11.4% during third quarter

Embattled retailer Mothercare has reported an 11.4% drop in UK like-for-like sales in its Q3 trade update, which covered the…

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Sainsbury’s Q3 sales decline 1.1% due to ‘cautious’ customers

Sainsbury’s has reported a 1.1% decline in like-for-like sales during its third quarter which it has attributed to “cautious customer…

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HMV ‘denied’ £3.35m tax lifeline before administration

Beleaguered music and film retailer, HMV, who officially fell into administration during the festive period, was denied a £3.35m government…

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