Tag Archives: High Street

Mary Portas and Charlotte Tilbury appeal for Shop Out to Help Out scheme to support indie retailers next month

The High Street hero, Mary Portas has issued a plea to the government to support family-run stores with a Shop Out to Help Out scheme upon the lifting of restrictions on non essential retailers this April 12th. Portas has joined major high street names in fashion and beauty, Henry Holland …

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Chancellor ‘considering tax on online giants’ to help payback Government’s Covid spending

Amazon and other major online retailers could be facing a new online sales tax to help the UK pay its debts following extensive borrowing during the pandemic. Treasury sources have confirmed that Chancellor Rishi Sunak is considering initiating a tax that will target companies who have done well out of …

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Boohoo buys Debenhams brand and website – but no rescue of high street stores or workforce

The online fashion giant, Boohoo has bought the Debenhams brand in a £55 million deal that will not include rescuing the retail chain’s physical stores or its workforce. Instead, Boohoo plans to “rebuild and relaunch the Debenhams platform” as it continues in its ambitions to lead the fashion ecommerce market, …

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US retail giant Authentic Brands makes plans for Debenhams and Arcadia Group takeover

The US retail giant, Authentic Brands, has divulged plans for a double takeover of the collapsed department store chain Debenhams and Topshop-owner Arcadia Group. According to a report from The Sunday Telegraph, Authentic Brands, the owner of the New York department store brand, Barneys, has been in talks with the …

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Mike Ashley’s Frasers Group in ‘potential rescue talks’ with Debenhams

Retail tycoon Mike Ashley’s Frasers Group is in talks over a ‘potential rescue transaction’ for the British department store Debenhams. The brand fell into administration last week, putting some 12,000 jobs at risk. Frasers has said that it was ‘in negotiations with the administrators of Debenhams’ UK business’ on a …

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Debenhams to close all 124 stores as JD Sports rescue talks are terminated

Debenhams is to wind down the business and close all 124 stores after JD Sports ended discussions over a rescue deal for the struggling department store chain. Rescue talks ended between the two companies following the collapse of Arcadia Group yesterday afternoon. The latest developments now puts 12,000 high street …

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Shoppers fuel sales growth in October but BRC warns that lockdown easing by December “is vital for survival”

Shoppers taking the opportunity to stock up on home comforts and food supplies ahead of the England-wide lockdown helped total retail sales increase 4.9 per cent in the four weeks to October 31, indicating some respite for the UK retailer hampered by coronavirus restrictions this year. Despite the lift – …

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The Pokémon Company grows European apparel portfolio with Erve Europe and Van Der Erve

The Pokémon Company International is expanding its European reach once more, having tapped Erve Europe/Van Der Erve, Europe’s licensed apparel and brands specialist, to develop kids and adult apparel for the German, Austrian and Swiss markets. The new deal will see fashion powerhouse Erve Europe / Van Der Erve collaborate …

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High street fashion retailer H&M to close around 250 stores as it sees shoppers move online

The high street fashion retailer, H&M has confirmed its plans to close down around 250 of its stores across the globe next year, following the surge of consumers moving to online shopping at the hands of the Covid-19 pandemic. The Retail Gazette reports that the Swedish retail giant stated that …

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Hamleys expansion and investment ‘will be significant and worthy of a 260 year old brand’

Hamleys is pushing forward with expansion plans for its 260 year old toy selling business which includes a refurbishment of its iconic London store on Regent Street and the potential to open new stores across the UK. The toy retailer’s current owner Reliance Brands has underlined its plans to for …

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