Year: 2019
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Jun- 2019 -7 JuneClothing & Shoes
Monsoon delays CVA
Monsoon Accessorize is understood to have delayed its company voluntary agreement (CVA) after landlords failed to support Arcadia’s restructuring plans earlier this week. A number of landlords are said to have rejected Arcadia’s proposals, which involved rent cuts of up to 70% on 194 shops as they deemed it “too…
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7 JunePeople Moves
John Lewis Partnership appoints Sharon White as chairwoman
The John Lewis Partnership has announced the appointment of Sharon White as the group’s sixth chair. She will take up the role when current chairman Charlie Mayfield steps down in early 2020. Since March 2015, White has been the CEO of Ofcom, the UK’s communications services regulator. Before joining Ofcom,…
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7 JuneOnline & Digital
Boohoo faces Commons pressure over Usdaw meeting refusal
Online fashion retailer Boohoo, is coming under pressure from chairman of the Environmental Audit Committee MP Mary Creagh, as it again refused to meet for talks around its ethical trading standards. The Union of Shop, Distributive and Allied Workers (Usdaw) is the fifth largest trade union in the UK with…
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7 JuneSupermarkets
Lidl partners with charity-toy vending company
CharityPodz, the company behind the UK’s first charity-toy vending machines, has announced a new partnership with supermarket Lidl after raising over £400,000 for UK charities. The machines have been rolled out in over 500 Lidl stores, with donations going directly to the NSPCC. The vending machines are located in major…
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6 JuneHigh Street
Arcadia delays creditors’ meeting
Retail company Arcadia has delayed its planned creditors meetings to vote on the company voluntary arrangement (CVA) with the revised meeting to take place on 12 June. The CVA is said to be vital to Arcadia’s restructuring and approval would allow the company to shut at least 23 stores in…
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6 JuneAdvice
Developing sustainable retail brands with employee engagement
When it comes to sustainability, some brands are way ahead of the game. Others, however, are certainly falling behind. There is so much potential for brands who embrace a more sustainable outlook to both appeal to a wider audience and benefit from cost-saving in the long run. But in order…
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6 JuneHigh Street
‘Huge’ spike in retail job vacancies, says CV-library
The amount of jobs on offer in the retail sector jumped by 56.9% in May. That’s according to the latest job market data from job board CV-Library, which compared findings from May 2019, with the same period last year. According to the firm, “major” retail players such as M&S and…
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6 JuneGovernment
TfL holds competition for £100k retail space for a year
Transport for London (TfL) has launched a new innovation competition, which challenges businesses to come up with an “innovative and technological concept” that will reimagine the use of physical space in retail and deliver a unique experience for customers who travel using the transport network. The competition offers the winner…
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6 JuneEconomy
Banking red tape holding back UK retailers abroad
Almost three quarters (71%) of UK retailers would like their businesses to further expand internationally, however most (57%) believe overseas expansion is fraught with risk, according to new research conducted by buy now, pay later service Laybuy. The research, published today (6 June), surveyed over 200 UK retailers and…
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5 JuneHigh Street
Mike Ashley makes £51.9m offer for Game after increasing stake
Mike Ashley’s Sports Direct has made a £51.9m offer for the gaming retailer Game Digital after it increasing its stake from 20% to 38.5%. Sports Direct acquired the shares from Marlborough UK Micro-Cap Growth Fund passing the 30% threshold requiring Ashley to make an offer for the shares he does…
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