Year: 2019

£2.9bn investment set to ‘transform’ London’s Oxford Street

The New West End Company, the representative of Oxford, Bond and Regent Street businesses, has announced the 1,000 day countdown…

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KKR makes £70bn buyout proposal for Walgreens Boots Alliance 

Walgreens Boots Alliance, the parent company of high street drug store chain Boots, has reportedly received a £70bn buyout offer…

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B&M profits plunge by 70% due to ‘disappointing’ German partner

Discount retailer, B&M has reported a 70% drop in profits from £59.5m to £32.3m during the first half of the…

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Retail staff ‘abused or assaulted’ over 21 times a year, says Usdaw

An average shop worker is verbally abused, threatened or assaulted more than 21 times a year, according to a new…

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Why hackers or malware are not the biggest security risk for retailers

Attackers are successfully pivoting away from complex technical exploits and instead are identifying ways to exploit a business’s core functionality.…

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Greggs raises profit forecast as sales jump 12.4%

Bakery chain Greggs has upped its profit forecast for 2019 after it reported “very strong trading” as its total sales…

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Government must ‘play its part’ to support retail sector, says BRC

The incoming government must take action to fully support to the retail sector, the BRC has urged in its latest…

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New Look losses narrow despite ‘ongoing uncertainty’ hitting sales

New Look has reported that its losses narrowed to £11.2m during its half year results despite “ongoing uncertainty” impacting sales.…

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What implications will the Royal Mail strike have on UK retailers?

Royal Mail workers have voted to strike over job insecurity and employment terms and conditions, raising concerns that there could…

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Lidl eyes 230 new stores by 2023

German discount supermarket chain Lidl is set to increase its rate of expansion by opening 230 new stores in the…

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