Year: 2019
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Aug- 2019 -11 AugustHigh Street
Amazon launches latest Clicks and Mortar store in Edinburgh
Small Business support network Enterprise Nation, in partnership with Amazon, Square and Direct Line for Business, have opened its third Clicks and Mortar pop-up shop in Waverley Mall, Edinburgh. The store will provide more than 20 online brands from across Scotland and the UK with the chance to meet customers,…
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9 AugustGovernment
Gove orders HMRC to support SMEs in the event of no-deal
Ministers including Michael Gove have ordered HM Revenue & Customs (HMRC) to support “cash-strapped” small business in the event of a no-deal Brexit. Representatives from 19 of the UK’s largest business federations met with ministers at No 10 yesterday (8 August) to discuss how to accelerate “business preparedness” for leaving…
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9 AugustComment
Halting the demise of the ‘not my department’ store
Be it House of Fraser, retail bellwether John Lewis or in-the-wars Debenhams, department stores are in the news for all the wrong reasons – whether for profit warnings, sales dips or being sued by Sports Direct. The pace of change in the retail industry is ever accelerating, and department stores…
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9 AugustM&A
Farfetch acquires parent company of Virgil Abloh’s Off-White for £556m
Farfetch has acquired the New Guards Group, the parent company of luxury streetwear brand Off-White, in a £556m deal. The online luxury marketplace revealed that the consideration payable by Farfetch will be split equally between cash and Farfetch shares, with the exact amounts to be determined at completion following customary…
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8 AugustAnalysis
How Games Workshop is standing up against the UK’s high street woes
In what is still an incredibly turbulent time for the retail market, fantasy miniatures retailer Games Workshop has seen explosive growth in recent years and remains defiant against a tide of CVAs, job cuts and declining profits sweeping the UK’s high streets. And it shows no real signs of slowing…
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8 AugustHigh Street
Mixed footfall performance in July
Footfall figures decline by 3.8% in July, compared with the same period last year, according to the latest Retail Traffic Index. This was only a small improvement on the 3.9% deficit recorded in June. Footfall did however see an increase of 3.4% in July compared with June’s footfall figures. Stores…
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8 AugustHigh Street
Adidas shares dip despite double-digit growth
Sportswear retailer Adidas saw shares dip by 2.3% in early trading today (8 August), despite the company’s operating profit growing 13% to €1.518bn (£1.398bn) in its Q2 results. In the first half of 2019, revenues increased 4% on a currency-neutral basis, which is in line with the 3% to 4%…
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8 AugustAdvice
Future proofing your brand in the age of the Sci-Fi shopper
When Sci-Fi blockbuster Minority Report’s tech-enriched vision of commerce in the year 2054 hit cinemas seventeen years ago, it was mesmerisingly futuristic. There is a famous scene in which Tom Cruise’s John Anderton character enters Gap and is greeted by the friendly voice of a digitised female avatar with detailed…
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8 AugustShopping Centres
Intu submits plans for £168m face-lift at Lakeside centre
Shopping centre operator Intu has submitted plans to Thurrock Council for a £168m development of its Lakeside centre. The proposal will look to extend the centre north and eastwards creating around 40,000 sqm of retail space, with plans for a new department store and floorspace for shops, cafés and restaurants.…
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8 AugustPeople Moves
Debenhams names new CEO as chairman Duddy steps down
Debenhams has announced the appointment of Stefaan Vansteenkiste as its new CEO and has also revealed its chairman Terry Duddy is to step down from his role. Vansteenkiste joined Debenhams in April 2019 as chief restructuring officer and has been working closely with the executive team on a new business…
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