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Beales to shutter last remaining store amid budget changes

Beales, one of Britain’s oldest department stores, will shutter its last remaining store after more than 140 years of trading…

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Next CEO uses Lords status to lodge amendments to NI bill

The CEO of Next, Lord Wolfson, has reportedly used his position in the House of Lords to table amendments aimed…

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River Island drafts in AlixPartners to tighten costs

River Island has brought in AlixPartners to work on a cost reduction and profit improvement exercise ahead of the planned…

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Is New Look right to close up shops?

The tax increases unveiled in the October 2024 budget have further complicated the outlook for retailers in the new year.…

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Today’s news in brief-7/1/25

Quiz has announced plans to delist from the London Stock Exchange, citing regulatory costs and financial pressures. The move requires…

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Next raises profit guidance as festive sales beat expectations

Next has revealed that it has raised its full-year pre-tax profit guidance by £5m up to £1.01bn after a better…

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Today’s news in brief-6/1/25

Fast-fashion retailer Shein is set to face scrutiny from a Parliamentary Committee over labour practices in its supply chain. The…

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New Look to speed up planned closures ahead of tax changes

New Look is reportedly set to permanently shutter roughly a quarter of its 364 stores when leases expire, putting some…

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Amazon to settle delivery driver dispute worth potential £140m

Amazon is reportedly preparing to settle a group claim from delivery drivers who claimed the retail giant deprived them of…

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Morrisons CEO urges gov to rethink budget costs

Morrisons’ CEO has called on the government to stagger its “avalanche” of business costs following the latest budget.Speaking to The…

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