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Finance

Retail sector job cuts top 125,000 in first 8 months of...

More than 125,000 jobs in the UK retail sector have been lost in the first eight months of 2020 – far higher than previous...
Manchester City Centre

Ministers announce new grants for businesses affected by local lockdowns

Businesses in England that are required to shut because of local interventions will now be able to claim up to £1,500 per property every...

JC Penney to be acquired by a joint venture between Simon...

US department store chain, JC Penney is set to be acquired by a joint venture between mall owners Simon Property Group and Brookfield Property...
Edinburgh Woollen Mill

Edinburgh Woollen Mill receives approaches for heritage fashion brands

Edinburgh Woollen Mill (EWM) has received approaches from potential buyers for its heritage fashion brands which include Jaeger, Jacques Vert and Austin Reed. It is...
Burberry

Burberry announces inaugural medium-term Sustainability Bond

Burberry Group plc has announced its intention to issue a benchmark-sized, medium-dated, sterling public Sustainability Bond. This will be...
New Look

New Look receives no bids as it prepares for a CVA

New Look has said that no bids were received following its exercise to solicit potential interest in the young fashion chain as part of...
QUIZ

Quiz reports a plunge in sales and closes 15 stores permanently

Quiz has announced that around 15 of its stores are to remain closed permanently after a major restructuring, as it saw sales battered by...
Consumer spending

August consumer spending sees first uplift since February

Consumer spending grew 0.2% year-on-year in August – the first growth since February, 2020, with clothing spend up 0.3%, the first increase since March...
Footfall Retail news

Government launches “bounce-back” plan for retail industry

The Department for International Trade (DIT) has today announced new trade measures for the consumer and retail industry to help support businesses impacted by...
JD Sports

JD Sports half-year profits slide as store footfall remains “weak”

JD Sports has warned that retail footfall remains “weak” in its physical stores and increased costs caused by higher online sales have weighed down...
New Look

New Look CVA hangs in balance as landlords push back

New Look is reported to have faced resistance from 10 landlords over its CVA proposal which seeks to switch the majority of its stores...
Primark

Primark profits to come in at top end of its predicted...

Primark's full-year profits are expected to fall at the top end of the retailer’s revised range, following strong trading after lockdown.
Debenhams

Frasers claims it is being frozen out of the Debenhams sale...

Frasers Group is being frozen out of the Debenhams sale process because it has refused to sign an NDA preventing it from speaking to...
Jigsaw

Jigsaw creditors approve store closure plans

Jigsaw, the premium fashion chain, has had its store closure proposals approved by its creditors. The retailer plans to close 13 of its 74 stores...