Year: 2019

July consumer spending hits record low

UK consumer spending in the month of July fell to a record low despite the good weather, according to the…

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Sports Direct acquires Jack Wills in pre-pack deal

Mike Ashley’s Sports Direct has acquired fashion retailer Jack Wills from administration, after administrators KPMG accepted the £12.75m offer tabled…

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Tesco announces 4,500 job cuts across its Metro stores

‘Big Four’ grocer Tesco has announced it is to cut 4,500 jobs from its Metro stores across the UK. The…

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Spotlight: Retailers defying the high street doom and gloom

Joules British clothing retailer Joules has continued to defy the high street gloom over the past two years, and so…

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Mike Ashley to rival Philip Day in Jack Wills takeover bid

Sport Direct owner Mike Ashley and Edinburgh Woollen Mill (EWM) owner Philip Day are the final bidders for fashion retailer…

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The key trends in angel investment that are impacting retail

Early stage angel investment is a good barometer of how an industry is likely to develop in the future. Looking…

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Lovehoney names Sarah Warby as new CEO

Sexual wellbeing brand and online retailer Lovehoney has appointed ex-Sainsbury’s and Heineken marketing director Sarah Warby as its new CEO.…

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M&S strategy director to lead Ocado Retail following deal completion

Ocado has completed the 50% sale of its Ocado Retail business to Marks and Spencer and has announced the appointment…

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Asda staff to protest over ‘punitive’ contracts

Workers at Asda are set to protest over new contracts which have been deemed as “punitive” by trade union GMB…

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Pets at Home revenues jump 9.9% in first quarter results

Pet goods retailer Pets at Home has reported a 9.9% increase in group revenue to £303.4m for the 16 week…

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