Year: 2019
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Jul- 2019 -23 JulyHigh Street
Lego Group to open two new stores this year
The Lego Group is bringing two new stores to Birmingham’s Bull Ring and Southampton West Quay Shopping Centre. The two stores are planned to open just before the Christmas season, and the retailer claims the stores will have the “widest selection” of the latest Lego sets and a host of…
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23 JulyHigh Street
McColl’s profits plummet by 91%
Convenience store and newsagents McColl’s has reported a 91% decline in pre-tax profits for the six months to 26 May, to £200,000. The profit drop is in spite of a 1% increase in like-for-like sales and a small increase in total revenue. Net debt also reduced to £89.7m from £112.6m…
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22 JulyDIY
Homebase close to buying out Bathstore
DIY retailer Homebase is reportedly closing in on acquiring bathroom retailer Bathstore, according to The Telegraph. The company entered administration last month, with accounting firm BDO, after it failed to find a buyer for the business, placing 500 jobs and 135 stores at risk. It has not been confirmed whether…
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22 JulyHigh Street
Philip Day places bid for Jack Wills
Edinburgh Woollen Mill owner Philip Day has put in an initial bid to acquire fashion retailer Jack Wills. It has also been reported that the company’s owner BlueGem is considering bids from other groups, including Marquee Brands – owner of Ben Sherman, Sports Direct and Johan Eliasch, owner of sportswear…
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22 JulyAdvice
How retailers can fill the data gap on their shelves
The value of the shelf The average person’s attention span when standing at a shelf is now just eight seconds, but with 70% of purchase decisions being made at the shelf, these eight seconds are the most important for CPGs and retailers to understand. But what influences these decisions?…
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22 JulyM&A
Bluegem sells 40% stake in Liberty London
Private equity firm Bluegem has sold its 40% stake in the British brand and flagship department store Liberty London. The deal which is worth £300m was initiated after a secondary recapitalisation led by Glendower Capital, a global secondary private equity manager. Bluegem acquired Liberty back in 2010 when the department…
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22 JulyHigh Street
Former Ted Baker boss considering private equity buy-out
Ray Kelvin, founder and former CEO of Ted Baker, is rumoured to be considering a private equity buy-out of the company, according to the Mail on Sunday. The move would take the retailer private under its current management, and comes after Kelvin resigned from his position as CEO and director…
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19 JulyAdvice
Helping retail businesses to grow
With almost three million workers, the retail sector is the largest private-sector employer in the UK. And while the retail landscape is dominated by the big supermarkets and department stores, there are still more than 300,000 individual businesses in the industry across the country. Some 168,000 of these are small…
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19 JulyTechnology
Microsoft reports Q4 revenues of £26bn despite gaming slump
Microsoft has revealed its total revenues for the fourth quarter jumped 12% to $33.7bn (£26.7bn), despite struggles at its gaming division. For the three month period ending 30 June, the technology company also recorded a 20% increase in operating net income to $12.4bn (£9.9bn). Microsoft attributed the growth to the…
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19 JulySupermarkets
Waitrose to close seven stores putting 677 jobs at risk
Waitrose and Partners has announced it is to axe seven stores, leaving 677 jobs at risk. The retailer said it has exchanged contracts for the sale of four shops to other parties, including discount grocer Lidl, which will acquire the group’s Bromley, Oadby and Wollaton stores. The party acquiring Waitrose’s…
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