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Retail most at risk outside Single Market, says report

Retail most at risk outside Single Market, says report | High Street | Scoop.it
The retail and wholesale trade has the most to lose from a poorly negotiated Brexit, new research from the Centre for Economics & Business Research (Cebr) for Open Britain suggests.
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House of Fraser handed £40,000 fine for 'misleading' sales - Retail Gazette

House of Fraser has been fined £40,000 after it admitted misleading customers about price discounts in some of its stores in the run up to Christmas last year. The investigation, led by Torfaen County Borough Council in Wales, found that House of Fraser stores in Cwmbran, Cardiff and Bournemouth were displaying misleading price comparisons on Christmas sale items, making shoppers believe they were getting a better bargain than actually existed. Trading standards officers visited those thre
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DFS, Travis Perkins demoted from FTSE - Retail Gazette

DFS and Travis Perkins have been demoted from the FTSE 250 and FTSE 100 respectively in the latest stock market reshuffle. Furniture retailer DFS was ejected despite recently posting strong full-year sales and profits after its majority shareholder slashed its stake in the retailer. Meanwhile, Travis Perkins – the parent company of home improvement retailers Wickes and Toolstation – dropped out because due a slowdown in the UK property market as a result of the Brexit vote in late June
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Ikea reiterates committment to post-Brexit UK after 5th year of growth - Retail Gazette

(Image source: Press Association)
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Brexit to plunge UK retail into decline - Retail Gazette

Britain is predicted to be the one of the weakest performing retail markets in the world in 2017 as lacklustre Brexit negotiations continue to drive down the value of the pound. UK retail sales are expected to drop by 1.8 per cent from this year, according to the Economist Intelligence Unit’s (EIU) Consumer Goods and Retail 2017 report. This will place the UK among the five weakest performing retail markets on the globe, sharing the top spot with the likes of Italy, Equador and Hong Kon
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House of Fraser boss quits amid internal "meltdown" - Retail Gazette

An internal row has led to the resignation of House of Fraser’s chief executive Nigel Oddy. Oddy is understood to have handed in his notice at the department store giant after two years in the role, according to The Sunday Times. In 2014 the 167 year old company was bought by Chinese firm Sanpower, owned by Yuan Yafei. Upon purchasing the company Yuan agreed to inject £75 million into the struggling company. Sanpower has yet to make good on its financial promise, fueling an internal ro
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Cyber Monday expected to see £1.1 billion spend - Retail Gazette

Cyber Monday is expected to generate £1.1 billion today, marking the end of the nationwide four-day discount event. An estimated 15 million shoppers will flock online in the UK today, searching for the latest bargains from retailers. The Black Friday weekend has seen a significant movement online this year, as retailers spread the discounts over two weeks, removing the reliance on the traditional 24-hour black Friday and Cyber Monday events. Shoppers are predicted to rise by 15 per cent o
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Retail most at risk outside Single Market, says report

Retail most at risk outside Single Market, says report | High Street | Scoop.it
The retail and wholesale trade has the most to lose from a poorly negotiated Brexit, new research from the Centre for Economics & Business Research (Cebr) for Open Britain suggests.
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Consumer Confidence Falls Amid Growing Concerns About The State Of The Economy | KamCity

Consumer Confidence Falls Amid Growing Concerns About The State Of The Economy | KamCity | High Street | Scoop.it
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Insight: Brexit vote will not impact Christmas shopping spending | The Retail Bulletin

Insight: Brexit vote will not impact Christmas shopping spending | The Retail Bulletin | High Street | Scoop.it
A new study is predicting that the falling pound and an uncertain financial future following the EU referendum vote will not have a significant impact on Christmas spending this year.
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Consumer confidence drops in November | The Retail Bulletin

Consumer confidence drops in November | The Retail Bulletin | High Street | Scoop.it
New data from GfK has shown that consumer confidence has dropped this month due to continuing uncertainty about the state of the economy.
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Poundland denies reports of store closures

Poundland denies reports of store closures | High Street | Scoop.it

Poundland has dismissed reports that it could axe of up to 10% of its estate in the wake of South African giant Steinhoff International’s £597 takeover of the British business in September.

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Consumers “resolutely gloomy” as confidence tumbles - Retail Gazette

Consumer confidence tumbled even further in November as Britons continued to feel anxious about the possible economic turmoil in the coming 12 months. According to a long-running barometer conducted by market researchers GfK, consumer confidence in November fell by five points to -8. This is the lowest it has been since July, when it stood at -12 due to the Brexit vote. It also comes after a two-point decline October, when consumer confidence was at -3. The latest figure is based on a surve

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Online spending reached £1.23bn on Black Friday — but still not as high as expected - Retail Gazette

Online spending reached £1.23 billion on Black Friday last week compared to last year’s figure of £1.1 billion, according data from IMRG. However, while this year’s Black Friday spend was a 12.2 per cent growth compared to the same day in 2015, it was still less than the initial 16 per cent growth – or £1.27 billion in spending – that was forecast by the UK’s leading online retail association. UK consumers also spent £6.45 billion online over the Black Friday peak period from November 21 t

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Former BHS staff to deliver petition to Philip Green over pension black hole - Retail Gazette

Former BHS staff and union representatives will tomorrow visit the offices of Sir Philip Green in the latest attempt to force him to personally plug the collapsed department store’s £571 million pension deficit. More than 100,000 people have signed a petition urging Green to live up to his promise to “sort” the BHS pension scheme. The petition is set to be delivered to the headquarters of Green’s Arcadia Group retail empire by John Hannett, the general secretary of the shopworkers’ trad
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Poundland denies reports of store closures

Poundland denies reports of store closures | High Street | Scoop.it

Poundland has dismissed reports that it could axe of up to 10% of its estate in the wake of South African giant Steinhoff International’s £597 takeover of the British business in September.

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JD Sports buys Go Outdoors - Retail Gazette

Go Outdoors has been acquired by sportswear giant JD Sports in a £112.3 million deal. JD Sports has bought the outdoor retailers 58 store UK empire from private equity owners YFM Equity Partners and 3i Group. The new acquisition will also see both of Go Outdoors founders Paul Caplan and John Graham leave the business. Seeing a profit of £4.9 million last year and total revenues of £202.2 million Go Outdoors will now be added to JD Sports Fashion PLC’s list of outdoor retailers includin
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Dunelm doubles online operation with £8.5 million acquisition - Retail Gazette

Dunelm has doubled its online presence in a move to acquire its rivals WS Group. The homewares retailer has bought WS Group, which consists of garden retailer Woldstores and member only furniture brand Achica, along with baby retailer Kiddicare. In an £8.5 million deal, Dunelm will take on 650 new staff members and has stated it will put £15 million into its newly acquired company to retain its management team. Despite predictions that WS Group will make a loss of £5 to £10 million thi

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Poundland denies reports of store closures

Poundland denies reports of store closures | High Street | Scoop.it

Poundland has dismissed reports that it could axe of up to 10% of its estate in the wake of South African giant Steinhoff International’s £597 takeover of the British business in September.

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Peak performance and profit troughs | The Retail Bulletin

Peak performance and profit troughs | The Retail Bulletin | High Street | Scoop.it

The retail calendar isn’t like everyone else’s; it contains more peaks and troughs than the foothills of the Himalayas, to the extent that some fast fashion retailers now talk about 24 seasons rather than the traditional two, and that’s just for business as usual. Add to this Christmas, Black Friday, Easter, Valentine’s Day, Golden Week, Halloween, Mothers and Father’s Day, and it is clear that there is very little flat ground on the retail landscape.

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