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Footfall sees sharpest decline in 4 years through December

December saw the highest decline in footfall for four years in “a significant weakening in performance” as a fall in discretionary spend and increasing shift to online shopping takes it toll on the high street. According to the BRC – Springboard Footfall and Vacancies Monitor, footfall declined 3.5 per cent from November 26 to December 30, marking the sharpest decline since March 2013. This extended across all regions with the South West being hit the hardest enduring a 5.2 per cent decline, while Scotland and Greater London also saw footfall rates drop 3.7 per cent and 4.7 per cent respectively.

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Walmart’s timing is ‘ridiculous,’ ‘there’s no strategy here,’ says brand analyst

Walmart dominated the news with pay raises only to upstage itself by the closure of 63 of its Sam's Club stores.






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Facebook promises more community, fewer brand posts in significant shift

For marketers, the news means a reduction in reach on the social media network but could lead to higher-quality engagements. 






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Poundland’s fate in question as Steinhoff endures second downgrade

Steinhoff’s situation worsened this week as ratings agency Moody’s further downgraded the retail giant as its UK companies are likely to be sold off.






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Tesco apologises after accusations its rotten turkeys “ruined Christmas”

The UK’s largest grocer Tesco has responded to numerous accusations that it “ruined Christmas dinner” as many of its turkeys had gone off and begun to rot. Customers took to social media over Christmas to complain of sickness due to consuming the rotten meat, “rancid” smells and swathes of food ending up in the bin.






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Tesco apologises after accusations its rotten turkeys “ruined Christmas”

The UK’s largest grocer Tesco has responded to numerous accusations that it “ruined Christmas dinner” as many of its turkeys had gone off and begun to rot. Customers took to social media over Christmas to complain of sickness due to consuming the rotten meat, “rancid” smells and swathes of food ending up in the bin.






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Game’s Multiplay founder Craig Fletcher resigns

The founder of Game’s Multiplay division Craig Fletcher is set to leave the video games retailer at the end of the year after announcing his resignation. Fletcher joined the retailer back in 2015 when Multiplay, which he founded in 1997, was acquired for £20 million. Fletcher remained the boss at Multiplay until 2016, when he was promoted to a role as Game’s senior vice president for esports and competitive gaming strategy






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Crew Clothing sold to Exquisite Apparel amid reports of senior departures

Crew Clothing’s key stakeholder Livingbridge has sold its 25 per cent stake in the company, prompting reports its chief executive and chief finance officer have left. Livingbridge, which invested in the retailer 11 years ago, has sold its stake in the 80-store company to US clothing manufacturer Exquisite Apparel. Following the news of the sale, Retail Week have reported that Crew Clothing’s chief executive of three-years Louise Barnes has departed the company, alongside its chief finance officer Stuart Owens.






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New Walgreens branding emphasizes distant past

The move comes in the same 24 hours that rival CVS blasted into the future with the news it would acquire health insurer Aetna for $69 billion.






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New Walgreens branding emphasizes distant past

The move comes in the same 24 hours that rival CVS blasted into the future with the news it would acquire health insurer Aetna for $69 billion.






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