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Supermarkets
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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People Moves
Art Peck steps down as Gap CEO
Gap has announced its chief executive officer Art Peck is to step down from the business effective immediately. Peck, who…
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Comment
Sustainability Consumerism: How retailers are on the front line
We live in febrile times, and for once we are not talking about Brexit. Within the last year we have…
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Supermarkets
Sainsbury’s profits plummet 91% in half-year results
‘Big Four’ grocer Sainsbury’s saw underlying profits slump by £41m to £238m for the six months to 21 September 2019.…
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Clothing & Shoes
Superdry reveals revenue drop amid ‘good progress’ in turnaround plan
Superdry has reported an 11% drop in revenues for the first half of the year but its returning chief executive…
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Clothing & Shoes
Primark profits top £900m in 2019
Fashion retailer Primark has reported an 8% increase in operating profits to £913m, for the year ended 14 September 2019. …
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Comment
How retail outlet destinations have evolved
Outlet shopping was born in the US in the 1930s through the development of standalone stores that enabled brands to…
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High Street
Sir Philip Green in talks with lenders to raise £300m before Christmas
Arcadia owner Sir Philip Green is reportedly in talks with specialist lenders about acquiring a £300m loan before Chritsmas in…
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Economy
Consumer confidence drops further in October
Gfk’s long-running Consumer Confidence Index decreased two points to -14 in October. The measure for the general economic situation of…
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Comment
What retailers can learn from the success of Downton Abbey
The film adaptation of the award-winning period drama, Downton Abbey, made its highly anticipated debut in cinemas recently. The film,…
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