More than 50 retailers have written to new chancellor Sajid Javid demanding action to lighten the burden of business rates.
One of London’s most famous department stores, Debenhams’ former Arding and Hobbs branch, is to close next year.
As Aldi launches in China, Carrefour is scaling back. The French retail giant is the latest in a long line of big international retailers to dial down their presence in the Chinese market.
The best of global retail was celebrated last night at the World Retail Awards, held at the World Retail Congress in Amsterdam.