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Superdry landlord M&G drafts in lawyers to review survival plan
The owner of Superdry’s Oxford Street flagship is reportedly mulling a challenge to the fashion retailer’s survival plan, which is set to involve steep rent cuts across some of its stores.
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Ted Baker’s European business in limbo with 149 jobs at risk
Ted Baker’s European arm is at risk of collapsing into administration, putting 149 roles at risk of redundancy at the fashion retailer.
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Exclusive: Lounge accelerates expansion with debut international store
Underwear retailer Lounge is set to open its debut international store in Germany and continue its UK store rollout with a new opening in Cardiff as it accelerates its bricks-and-mortar expansion, Retail Week has learned.
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Co-op poaches new property boss from Lidl
The Co-op has named former Lidl executive Rachel Hargreaves as its new director of property, development and estates as part of its latest strategic growth push.
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Frasers Group to shut office, putting 100 jobs at risk
Frasers Group has reportedly outlined plans to permanently close its Trafford office in Manchester, putting around 100 jobs at risk of redundancy at the fashion giant.
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Shoplifting in England and Wales hits highest level in 20 years
Shoplifting offences recorded by police across England and Wales reached their highest level on record last year, according to the Office for National Statistics.
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UK consumer confidence inches up in April
Consumer confidence inched up by two points in April after remaining flat in March, reflecting the effects of anticipated tax cuts and lower inflation compared with the same time last year.
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WHSmith rolls out store-in-store tie-up with Toys R Us
WHSmith is to extend its partnership with Toys R Us to more branches following the success of the first wave of store-in-stores.
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London Designer Outlet posts record-breaking sales
London Designer Outlet (LDO), located at Wembley Park, has recorded its strongest first quarter ever as sales surpassed £20m for the first time.
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Sainsbury’s sales soar as food first strategy pays off
Sainsbury’s has reported growth in sales with record market share gains and volumes driven by a strong performance by the supermarket’s food division.
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WHSmith sales rise driven by growth in travel division
WHSmith has reported a growth in sales driven by strong performance by its travel division in the half-year ending February 29, 2024.
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Luxury retail group Kering warns on profits as sales slide
Gucci owner Kering has warned on profits during the first half of the year as sales slipped at the luxury fashion house during its first quarter.
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Decathlon expands buyback service in sustainability push
Decathlon has expanded its buyback scheme that allows customers to swap or repair old sports gear in exchange for store credit to give their old items a second life.
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Getir raises cash to fund UK and Europe retreat
On-demand food retail platform Getir is seeking funding from investors to cover its retrenchment from Europe.
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Exclusive: TK Maxx the most popular value website for bargain hunters
TK Maxx was the most-visited value retail website over the past two years, Retail Week can reveal.
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Exclusive: Primark names new executives on strategic advisory board
Martin Brok, Sona Chawla and Christophe Roussel have joined Primark’s strategic advisory board, chaired by outgoing finance director John Bason and led by chief executive Paul Marchant, Retail Week can reveal.
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Cotswold Co expands home delivery in Northern Ireland
The Cotswold Company is expanding its online offer in Northern Ireland following a trial last summer.
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Grocery shoppers still hunting bargains as inflation falls again
Grocery shoppers saved themselves £1.3bn through promotional spending over Easter, as inflation fell for the 14th month in a row.
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John Lewis finance boss heads for the exit
John Lewis Partnership finance supremo Bérangère Michel is to leave after more than a decade at the retailer, where she held a raft of top roles.
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THG sales dip as devalued yen hits nutrition business
THG has reported a dip in sales for the first quarter as its nutrition business proved to be a drag on surging beauty sales.