Search Results for: store closures
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Economy
Shop vacancy rate rises to highest level in four years
The national town centre vacancy rate rose to 10.2% empty outlets, according to data from the BRC-Springboard Footfall and Vacancies…
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High Street
Arcadia secures help from HSBC
Arcadia, which is owned by Phillip Green, has secured help from HSBC in order to reassure suppliers as the retailer…
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Clothing & Shoes
Philip Green proposes to halve Arcadia pension payments
Sir Philip Green is seeking to halve the annual contributions to the Arcadia Group’s pension scheme as part of its…
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High Street
Laura Ashley issues fresh profit warning amid sales slump
Fashion and homeware retailer Laura Ashley has said its performance for the 2018 will “fall short of market expectations”, after…
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High Street
18,722 retail jobs lost or at risk since Christmas day
Some 18,722 retail staff, 400 every single day, have either been made redundant or have had their jobs threatened since…
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Advice
How retailers can maximise profits and survive in 2019
It is no secret that the past year has been a challenging time for UK retail. Declining profits, closing shops…
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Department Stores
John Lewis staff face missing out on bonus for first time since 1953
John Lewis staff could lose their share of the department store giant’s profit for the first time since 1953. Traditionally,…
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Department Stores
‘Tax the internet for the good of the high street’, Mike Ashley tells MPs
Sports Direct owner Mike Ashley has said online businesses should be taxed 20% in as soon as six months to…
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High Street
Mothercare culls 200 head office jobs
Mothercare has axed around 200 staff from its head office in an attempt to cut costs and save up to…
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Clothing & Shoes
Shop Direct proposes to close standalone clearance operation, 143 jobs at risk
Shop Direct has announced proposals to close its standalone clearance operation, Littlewoods Clearance, which comprises seven UK stores branded ‘The…
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