By Planet Retail2012-07-20T07:00:00+01:00
Zara owner Inditex is to absorb the Spanish government-imposed VAT increase from 18% to 21%, so as not to increase prices. In 2010, when VAT rose from 16% to 18%, Inditex also kept prices stable.
“With this decision, Inditex maintains its policy of price stability as it has already absorbed a previous increase of VAT in Spain by identifying efficiencies in various areas of its business,” the retailer said.
Ted Baker chair John Barton has died suddenly, the retailer reported.
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From Singles’ Day livestreams to shoppable reality TV shows, the worlds of entertainment and retail are becoming more intertwined than ever. How can retailers win in the battle for consumer attention both in-store and on-screen?
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
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The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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