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Month: December 2017

Game appoints Dimitri Goulandris as senior independent director

Video games retailer Game has drafted Dimitri Goulandris to join the company’s board as a senior independent director. He will replace non-executive director Caspar Woolley as chair of the Game’s remuneration committee and will also become a member of the company’s nomination committee and audit and risk committee.

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Christmas discounting outweighs Black Friday

Shoppers can expect more promotions and discounts offered in the week before Christmas Day than during Black Friday, a survey suggests. According to trends observed by auditing firm PwC, more retailers will run promotional activity in the next seven days, to the point that it will outweigh the promotional activity that occurred during the Black Friday sales weekend at the end of November. PwC consumer markets leader Lisa Hooker said retailers are upping the ante on promotional activity this year in order to clear Christmas stock






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Pension Protection Fund demands Toys R Us pay £9m into pension scheme

The country’s peak pensions fund is reportedly demanding Toys R Us make a £9 million payment into its UK pensions scheme in order for its restructuring scheme to be approved. According to Sky News , the Pension Protection Fund (PPF) and the scheme’s trustees want the sum to be agreed within the next 24 hours and the outcome could potentially determine Toys R Us’ future in the UK






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Poundland reassures staff amid Steinhoff accounting scandal

Poundland employees have reportedly been sent a memo assuring them that the business is still doing well despite parent company Steinhoff’s accounting scandal. According to Retail Week , an internal document circulated to the discount retailer’s staff sought to assure them that the fascia was performing strongly despite Steinhoff’s credit being downgraded in light of it postponing its full-year results because of “accounting irregularities” and the subsequent 80 per cent drop in its share price value






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Michael Kors & Jimmy Choo make fur-free commitment

Michael Kors has become the latest high street giant to commit to banning fur from its fashion and accessory collections. In a statement published last Friday, the company – which recently acquired British high street staple Jimmy Choo – said it would no longer use animal fur in any of its products, promising to phase out production by the end of December next year. “I am pleased to announce our company’s commitment to no longer use animal fur in our Michael Kors and Jimmy Choo collections,” chairman and chief executive John D






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Shoppers warned on Christmas Eve’s Sunday opening hours

People are being warned to avoid shopping on Christmas Eve this year, with the day falling on a Sunday meaning big stores will still be forced to close early. It also means shops are likely to be more crowded than usual and long queues are expected in many places across the UK, as retailers open as late as 11am and close as early as 4pm. However, according to the Centre for Retail Research, smaller stores whose premises have less than 3000sq ft of floor space may be the saving grace for last-minute Christmas shoppers, as the laws on Sunday trading hours would not apply to them






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Amazon faces potential investigation after delivery complains

The Advertising Standards Authority has set its sights on Amazon, saying the online retail giant could be investigated after receiving complaints about its premium delivery service. According to reports in The Sunday Telegraph and the Guardian , Amazon customers have contacted the ASA to complain that the “unlimited one-day delivery” that comes with the Prime service is failing to deliver on time in the run-up to Christmas. READ MORE: MPs press Amazon on delivery driver treatment following expose Amazon Prime, which costs £79 a year, promises delivery within two days but customers complaining to the ASA allege that this target has not been met – and some parcels took twice as long to arrive






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Amazon faces potential investigation after delivery complains

The Advertising Standards Authority has set its sights on Amazon, saying the online retail giant could be investigated after receiving complaints about its premium delivery service. According to reports in The Sunday Telegraph and the Guardian , Amazon customers have contacted the ASA to complain that the “unlimited one-day delivery” that comes with the Prime service is failing to deliver on time in the run-up to Christmas. READ MORE: MPs press Amazon on delivery driver treatment following expose Amazon Prime, which costs £79 a year, promises delivery within two days but customers complaining to the ASA allege that this target has not been met – and some parcels took twice as long to arrive.






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Benebit aims to shake up fragmented loyalty environment

The startup aims to convert loyalty and rewards points across multiple retailers into a unified system of fiat currency using blockchain technology.






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Amazon activity in Atlanta sparks HQ2 speculation

A lobbyist for the online retailer has registered in Georgia, sparking speculation that the capital city could be the company's choice for its much-vaunted second headquarters.






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