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Debenhams locks in £200m funding lifeline

Debenhams locks in £200m funding lifeline | High Street | Scoop.it
Debenhams has secured a £200 million cash injection as a way to save the business and stave off a takeover campaign led by Mike Ashley and Sports Direct.
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Kingfisher seeks new CEO amid 15 store closures

Kingfisher seeks new CEO amid 15 store closures | High Street | Scoop.it
B&Q parent company Kingfisher has said it is considering closing down 15 stores group-wide while announcing its search for a new chief executive.
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Ted Baker posts double-digit slump in profits

Ted Baker posts double-digit slump in profits | High Street | Scoop.it
Ted Baker has recorded a double-digit drop in profits in its latest annual results after a year that saw it grapple with a challenging retail environment as well as a #MeToo scandal that forced its founder to resign.
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The Entertainer grows year on year profits by 31 per cent

The Entertainer grows year on year profits by 31 per cent | High Street | Scoop.it
“Our ambitious growth agenda will continue after our exciting start to the year with the acquisition of ELC and we will continue to look at every opportunity to expand our presence both nationally and internationally.”
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JD Sports to acquire Footasylum in £90m deal

JD Sports to acquire Footasylum in £90m deal | High Street | Scoop.it
JD Sports has announced it will acquire fellow sportswear retailer Footasylum in a deal worth up to £90 million.
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BRC: UK on "knife edge" after vote to delay Brexit

BRC: UK on "knife edge" after vote to delay Brexit | High Street | Scoop.it
The British Retail Consortium has issued a warning that the UK “stands on a knife edge”, after the House of Commons voted in favour of delaying the date of Brexit.
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DFS interim profits and sales surge

DFS interim profits and sales surge | High Street | Scoop.it
DFS has posted growth in like-for-likes across all four of its brands in its interim results alongside a surge in pre-tax profits.
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French Connection operating loss triples

French Connection operating loss triples | High Street | Scoop.it
French Connection has revealed deepening operating losses in its full year results as well as dwindling retail sales, which it blamed on a “tough” trading environment.
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The Entertainer will 'breathe new life into Early Learning Centre" in £13.5m acquisition

The Entertainer will 'breathe new life into Early Learning Centre" in £13.5m acquisition | High Street | Scoop.it
The Entertainer founder and executive chairman, Gary Grant, added: “We are delighted to add ELC to The Entertainer family."
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Paperchase launches CVA to slash rent costs by 50%

Paperchase launches CVA to slash rent costs by 50% | High Street | Scoop.it
// Paperchase has launched a formal CVA in a bid to cut rent prices // 28 stores out of 145 will have rent costs cut by 50% Paperchase has revealed it has launched a CVA process in a bid to slash rent costs. Around 28 out of its 145 UK stores will have their rent …
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The Entertainer hails 31% increase in full year profit

The Entertainer hails 31% increase in full year profit | High Street | Scoop.it
Toy retailer The Entertainer has seen a 31% increase in its annual profit after sales rose by 21.7%.
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Next's full year profits decline after fall in store sales

Next's full year profits decline after fall in store sales | High Street | Scoop.it
Fashion and homewares retailer Next has reported that its full year pre-tax profit fell by 0.4% to £722.9 million in the year to January.
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Kingfisher sees drop in full year profit

Kingfisher sees drop in full year profit | High Street | Scoop.it
Kingfisher, the owner of B&Q and Screwfix, has reported a 13% fall in underlying pre-tax profit to £693 million after retail profit increases in the UK and Poland were offset by weaker performances in France, Russia and Romania.
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Sir Philip Green calls in property advisers for Arcadia amid CVA rumours

Sir Philip Green calls in property advisers for Arcadia amid CVA rumours | High Street | Scoop.it
Arcadia Group has lurched further towards a potential CVA after boss Sir Philip Green appointed property advisers to handle talks with landlords.
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Mike Ashley lashes out at Sir Philip Green amid Arcadia takeover rumours

Mike Ashley lashes out at Sir Philip Green amid Arcadia takeover rumours | High Street | Scoop.it
Sports Direct boss Mike Ashley has lashed out at Sir Philip Green, insisting he wouldn’t buy his Arcadia retail empire even “for a pound”.
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Next annual profits dip amid warning of further decline

Next annual profits dip amid warning of further decline | High Street | Scoop.it
Next has recorded a dip in full-year profits despite an uptick in group sales, although the performance from its physical stores continues to lag.
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Bonmarche issues 3rd profit warning as shares dip 14%

Bonmarche issues 3rd profit warning as shares dip 14% | High Street | Scoop.it
Bonmarche has issued its third profit warning in just six months, saying it would suffer a bigger loss than anticipated this year following tough trading in March.
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JD Sports targeted for lack of gender diversity

JD Sports targeted for lack of gender diversity | High Street | Scoop.it
JD Sports has been noted as one of the firm's that lack gender diversity within the boardroom by The Investment Association. 
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Debenhams considers Sports Direct's £150m loan offer after FCA escalation

Debenhams considers Sports Direct's £150m loan offer after FCA escalation | High Street | Scoop.it
Debenhams has said it would consider a proposal from its biggest shareholder Sports Direct to provide a £150 million unsecured loan, less than 24 hours after the latter revealed it had reported the department store to the Financial Conduct Authority.
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BRC: MPs "must swallow their pride" and avoid no-deal Brexit

BRC: MPs "must swallow their pride" and avoid no-deal Brexit | High Street | Scoop.it
The BRC has demanded clarity on the future of the British retail industry as Westminster lurches further towards a possible no-deal Brexit.
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Mothercare sells Early Learning Centre to The Entertainer for £13.5m

Mothercare sells Early Learning Centre to The Entertainer for £13.5m | High Street | Scoop.it
Mothercare has offloaded its Early Learning Centre business to The Entertainer for £13.5 million to help slash its debt as part of its turnaround scheme.
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February footfall plummets 16.2% amid Brexit uncertainty

February footfall plummets 16.2% amid Brexit uncertainty | High Street | Scoop.it
// February footfall plunges 16.2% compared to January // Compared to February last year, footfall fell 4.6% despite there being no snow storm this year // Drop in footfall blamed on weak half-term figures and “Brexit pantomime” Footfall figures for the month of February took a sudden turn after a positive start to the year, …
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Thomas Cook to close 21 stores as more holidaymakers book online

Thomas Cook to close 21 stores as more holidaymakers book online | High Street | Scoop.it
Thomas Cook is to introduce new measures to streamline its UK retail network due to more consumers choosing to book their holidays online.
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Ted Baker posts drop in full year profit

Ted Baker posts drop in full year profit | High Street | Scoop.it
Fashion retailer Ted Baker has posted a 26.1 % drop in full year pre-tax profit to £50.9 million after facing difficult trading conditions in some of its markets.
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Kingfisher chief executive to leave the business

Kingfisher chief executive to leave the business | High Street | Scoop.it
Kingfisher has confirmed that it is to part company with its chief executive Véronique Laury as it announced a fall in profits for the year to 31 January.
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