Year: 2019
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Feb- 2019 -12 FebruaryDepartment Stores
Debenhams secures £40m cash injection
Debenhams has received a £40m cash injection from lenders in order to buy it more time as it looks to secure a longer term investment deal. The new investment allows the retailer to extend its current £520m borrowing facilities with banks for another 12 months, meaning it will be able…
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11 FebruaryHigh Street
High street vacancies on the rise, retail data shows
The national town centre vacancy rate was 9.9% in January 2019, up from 8.9% a year earlier This is according to the latest figures from the British Retail Consortium (BRC) and Springboard that also found retail footfall dropped a further 0.7% in January – although this was a lesser decline…
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11 FebruaryProperty
Iceland eyeing Sainsbury’s and Asda stores
Iceland is considering a bid for the Sainsbury’s and Asda stores, which were put on the market after the Competition and Markets Authority (CMA) told the retailers that they must cut their stores in order to obtain regulatory clearance for the proposed merger. The supermarket’s CEO Richard Walker, said that…
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11 FebruaryAnalysis
Three trends from NRF that will shape retail in 2019
Every January the retail industry flocks to New York for ‘The Big Show’, also known as NRF, a three-day event aimed at uncovering what’s next for the industry and how the sector can utilize ground-breaking new technologies to stay ahead in an increasingly competitive landscape. Attracting over 16,000 exhibitors and…
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11 FebruaryHigh Street
18,722 retail jobs lost or at risk since Christmas day
Some 18,722 retail staff, 400 every single day, have either been made redundant or have had their jobs threatened since Christmas day, according to new data from real estate data service Altus. Oddbins, Patisserie Valerie, Greenwoods, Chapelle, tReds and HMV have all entered administration, with the music and film retailer…
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8 FebruaryClothing & Shoes
JD Sports removes advert for Scotland shirt following ‘#everydaysexism’ complaints
Sports retailer, JD Sports, has removed an advert for the football shirt of the Scottish national team following Twitter complaints accusing the company of “#everydaysexism”. The advert for the men’s and children’s kit showed the models as athletes, however the advert for the women’s shirt showed a women wearing ripped…
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8 FebruaryAdvice
DTC ‘done right’ could reignite loyalty of fickle customers
Nowadays, more and more brands are bypassing stores or retail partners through direct-to-consumer strategies – or DTC – in an effort to achieve greater profits and stronger customer relationships; the latter ultimately to improve loyalty. The DTC market is exploding. 87% of brands have plans to launch a DTC channel,…
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8 FebruaryPeople Moves
Former Aldi boss to head up Boots marketing team
Boots has appointed Adam Zavalis as director of brand and communications, and will join the business on 25 February 2019. Zavalis has been the UK marketing director for Aldi since 2013, where he has was “integral” to the development of its marketing strategy, as well helping to develop “award winning…
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8 FebruaryClothing & Shoes
Foot Locker invests $100m in online marketplace Goat.com
Foot Locker has announced it will make a $100m (£77.3m) strategic minority investment in Goat – a managed marketplace for trainers operating the Goat and Flight Club brands. Foot Locker said the companies will combine efforts across digital and physical retail platforms to create “exclusive customer experiences”. It added the…
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8 FebruaryEconomy
61% of Brits worried high street will disappear in 10 years
Consumers are worried the high street is going to be lost completely due to the current store closures in the news, research by commercial brokers KIS Finance has revealed. A survey of 1,000 consumers in the UK, found 61% of Brits are worried the high street will disappear in the…
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