Month: March 2020
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Mar- 2020 -9 MarchSupermarkets
Tesco to sell Thai and Malaysian divisions in £8bn deal
UK supermarket giant Tesco has agreed a deal to sell its Asian operations in Thailand and Malaysia in a £8bn…
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9 MarchHigh Street
Footfall slides in February
Hopes for a stronger footfall were “washed away” last month, according to the latest footfall monitor released by Springboard. The…
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6 MarchBusiness Bites
Flybe’s pensions in doubt; Poorest 20% no better off than before, 1m Virgin customers on unsecured database
Flybe’s pension pot for 1,350 current and former workers is at risk, as the fallout from one of the first…
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6 MarchHigh Street
February retail sales hit by poor weather and Coronavirus concerns
Total in-store retail sales declined by 0.9% in February, according to BDO’s monthly High Street Sales Tracker. The accountancy firm…
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6 MarchEntertainment
Lego outperforms wider toy market, confirms plans for 150 new stores
Toy giant Lego has defied the wider toy market by recording a “strong” sales and profit performance while also confirming…
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6 March
CMA urges retailers to ‘behave responsibly’ amid Coronavirus panic
The Competition and Markets Authority (CMA) has urged retailers to not “take advantage of people” and “exploit” the current Coronavirus…
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6 MarchPeople Moves
Hugo Boss appoints Heiko Schäfer as COO
Fashion retailer Hugo Boss has announced the appointment of Heiko Schäfer as its chief operating officer (COO). As COO he…
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5 MarchHigh Street
John Lewis profits plummet 23% in full-year results
The John Lewis Partnership saw profits plummet by 23% to £123m for the year ended 25 January 2020, resulting in…
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5 MarchClothing & Shoes
H&M launches global supply chain initiative
H&M announced it will be launching a new initiative to provide other retailers access to its global supply chain, in…
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5 MarchSupermarkets
Tesco launches campaign to match prices with Aldi
‘Big 4’ grocer Tesco has announced it will start to match prices with discount supermarket Aldi on hundreds of grocery…
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