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‘Amazon tax’: Britain is reportedly considering introducing a special tax to help online retailers

The U.K.

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Cash payments overtaken by card for the first time ever

Card payments have become the most popular form of payment for the first time ever, as cash payments continue to decline. According to new data from UK Finance, cash payments dropped by 15 per cent over the last year to 13.1 billion, while a boost in card payments in the final quarter saw them pull ahead for the first time with 13.2 billion. A huge increase in contactless payments helped tip the balance over 2017, rising 97 per cent to 5.6 billion, with an estimated 63 per cent of UK adults now using the technology regularly






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Bank branches departing high streets at “alarming rate”

Banks are closing down their high street branches at an “alarming rate” of almost 60 per month, according to new research.






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5 Minutes With David Baker, Credit Cards Commercial Manager, Debenhams Finance

You’ve been in your role for about a year now – what’s it been like so far? It’s been great to join Debenhams Personal Finance which has seen some huge growth over recent years across all the product areas and the card programme is a key part of this. We have a clear defined strategy to grow this even further over the next few years.






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January sees slowest retail sales growth in 6 months

Retail sales at the start of the year continued to slow down, seeing unexpected declines across all sectors except non-food.






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This private equity giant is sticking with retail

At a time when most private equity firms are growing increasingly cautious about investing in retail, one firm is going against the grain.   Sycamore Partners is raising its biggest-ever fund, which it will use to invest primarily in retail, CNBC reported. The firm is looking to raise between $3 billion and $4 billion, according to the report.    The news comes a month after Sycamore closed on its $6.9 billion acquisition of Staples, which it is splitting into three parts






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Costco ends year on an upbeat note

Marianne Wilson Costco Wholesale Club reported better-than-expected profit and revenue for its fourth quarter.   read more






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Small retailer with devoted fans is closing its doors

Marianne Wilson A New England-based retailer that has the distinction of being the first curtain catalog company is closing up shop.    read more






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Amazon gets bill for back taxes

Marianne Wilson The European Union has hit Amazon with a tax bill.    read more






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Office Depot makes $1 billion acquisition

Marianne Wilson Office Depot took a first step toward its goal of transforming itself from a traditional office products retailer to a broader business services and technology products platform.   read more






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