Covid-19

Retailers call for strong leadership and high street support from new PM

The retail industry has urged Liz Truss to work alongside the sector and provide “strong leadership” amid the deepening cost-of-living…

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Bon Accord owners placed in administration

The Guernsey-based owners and operators of the Bon Accord shopping centre in Aberdeen, Aberdeen Retail 1 Limited and Aberdeen Retail…

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Retail entrepreneur swoops to acquire Paperchase

Steve Curtis, an operating partner at Rcapital, the turnaround investor, has reportedly agreed to buy Paperchase as a private investor…

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Apricot to exit CVA early

Creditors of Apricot have reportedly voted in favour of the retailer exiting its company voluntary process (CVA) 16 months earlier…

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Do staff cuts really help in a recession?

The European fashion retailer, Zalando, has predicted a return to growth of up to 3% in H2 despite a 58%…

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Adidas CEO Kasper Rorsted to step down in 2023

Adidas AG has announced that it has initiated a CEO transition as its current chief executive, Kasper Rorsted, will step…

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Watches of Switzerland Q1 revenues hit £391m

The Watches of Switzerland Group PLC has reported a 31% rise in group revenues year-on-year from £297m to £391m for…

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Canada Goose profits soar amid retail expansion

Canada Goose has reported “better than expected” gross profits of $42.7m (£35.3m) for the first quarter fiscal 2023 ended July…

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UK economy contracts 0.1% in second quarter

The UK economy contracted by 0.1% in the second quarter of the year (Apr to June) 2022, according to the…

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Superdrug and Savers to provide 25,000 UK jobs

A.S. Watson Group, the owner of Superdrug and Savers, has announced its commitment to create 200,000 job opportunities for 16-23…

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