Job Losses

New Original Factory Shop owner eyes major rent cuts as part of CVA 

The Original Factory Shop (TOFS) landlords could face a package of major rent cuts as its new owner aims to…

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Clintons returns to FY profit following store closures

Clintons has returned to profit following a period of store closures and job losses, with pre-tax profits rising to £8.1m…

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New TOFS owner eyes potential CVA and store closures

Modella Capital, the owner of The Original Factory Shop (TOFS), is reportedly working with Interpath Advisory on a potential company…

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Today’s news in brief-26/2/25

The British Retail Consortium (BRC) has warned that one in 10 part-time retail jobs, equating to up to 160,000 roles,…

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One in 10 part-time retail jobs at risk, BRC says

One in 10 part-time retail jobs, up to 160,000 roles, could be at risk of being lost over the next…

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Retail sales increase 2.6% despite ‘stormy’ January

UK total retail sales increased by 2.6% year-on-year in January, against a growth of 1.2% in January 2024, as consumer…

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High street sales rise 7.1% in January but concerns on rising costs remain

Total retail sales in discretionary spend categories grew by 7.1% in January amid concerns that 2025 is set to be…

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Today’s news in brief-29/1/25

Lord Wolfson, CEO of Next and Conservative peer, has leveraged his House of Lords position to propose amendments phasing in…

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Today’s news in brief-15/1/25

Inflation in the UK unexpectedly fell to 2.5% in December, marking its first decline in three months, according to the…

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Today’s news in brief-3/12/24

Boohoo has repaid £50m of its £97m term loan following a £39.3m oversubscribed fundraising effort. The move aligns with its…

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