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Month: August 2018

Details of House of Fraser’s huge debts revealed

Major brands like Ralph Lauren and Kurt Geiger are owed million of pounds from House of Fraser and stand to make little back following its administration.

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Major retailers are selling bulletproof backpacks, as parents and kids fear more school shootings

More big-box retailers are carrying bulletproof backpacks for kids, as demand soars following several deadly school shootings this year, including massacres at high schools in Florida and Texas.






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Here’s why you need to pay attention to Cava’s acquisition of Zoes Kitchen

Panera Bread founder Ron Shaich heads up Act III Holdings, the investment fund that offered to help finance Cava's acquisition of Zoes. Should the deal go through, he will become chairman of the private company.






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Shares of Sears fall to record low as CEO Lampert’s hedge fund eyes Kenmore

Shares of Sears Holdings skidded to a record low Friday after the company disclosed earlier in the week that a hedge fund owned by CEO Eddie Lampert offered to buy the troubled retailer's Kenmore appliance division for $400 million.






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The black hair care industry generates billions — but the US is missing out on the market

African-American consumers sometimes spend thousands of dollars a year on their hair, contributing to the multibillion-dollar black hair care industry.






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Investors rewarded Walmart and punished Macy’s after both released good news — here’s why

The investor reaction to Macy's and Walmart's earnings this week — both exceptionally good — was unexpected.






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Asda records fifth consecutive quarter of rising sales

When the whole world’s watching, it helps to be on top form, and that’s the case for Asda as the supermarket giant this week reported its fifth consecutive quarter of rising sales. Despite an unpredictable consumer climate in the second quarter, Asda reported a 0.4 per cent rise in like-for-like sales. That makes it the first time the retailer has outperformed the market in four years.






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JD.com losses nearly double estimates despite sales rise

JD.com has swung back into the red amid its second quarter nearly doubling loss forecasts as it shifts its warehouse and assets to another unit. The Chinese retail behemoth reported a loss of $334.4 million (£262.8 million) for the three months since April, nearly double the $177 million loss Reuters ’ analysts predicted.






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Arket opens Liverpool One flagship

Arket has opened its first store outside of the Greater London area with an 8,600sq ft regional flagship store in Liverpool One. The Paradise Street store, first announced in May, is the H&M subsidiary’s fifth in the UK, having launched in the country a year ago this month






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Superga, Cos, Rains and Fred Perry join Coal Drops Yard lineup

The re-invention of King’s Cross’ retail offering continues as premium fashion brands add their names to the ring at Coal Drops Yard. The new 100,000 sq ft retail destination situated just north of King’s Cross Station is now 80 per cent let ahead of its opening on October 26, bucking the national trend of declining demand for retail spaces






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