Retail News

Retail job losses to increase by 27,000, analysis suggests

Online retailers are having a “profound effect” on the commercial property market as the value in retail property is set…

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Moodys lowers Debenhams and New Look ratings

Financial services firm Moodys has changed the outlook for both New Look and Debenhams from stable to negative amid both…

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Smartphone shopping to reach record usage in 2019

In 2019, and for the first time ever, consumers will be as likely to shop on their smartphones as they…

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Jack Wills drafts in advisers

Fashion retailer Jack Wills has reportedly appointed accountancy firm EY to scrutinise and advise on its financial position. According to…

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M&S store closures to affect 1,045 jobs

Marks and Spencer has confirmed 17 stores which are set to close within its plans to shutter over 100 stores…

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Booths posts festive sales boost and profit increase

High end supermarket group Booths has reported a “strong” growth in sales over the Christmas period as well as an…

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New Look reveals plan to slash debt to £350m

High street retailer New Look has announced it has reached an ‘in principle’ debt-for-equity swap proposal with key stakeholders to…

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Quiz issues profit warning

Fashion brand Quiz has issued a profit warning despite an 8.4% increase in group revenue in the six-week period from…

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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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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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