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Staples buys business solutions company HiTouch

Both Staples and rival Office Depot are elevating business services as office supply retail fades.

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Walgreens plans big tech office in downtown Chicago

The Old Post Office was one of the sites offered to Amazon, but now Walgreens plans to consolidate and expand its tech operations in the landmark building.






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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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32% rise in Chinese tourist spend at UK shops

Chinese tourist spend on shopping in the UK has risen by almost a third, bolstered by the visitor numbers from China breaking the half-million mark for the first time. According to annual visa figures from the UK China Visitor Alliance (UKCVA), Chinese visitors to the UK soared by over 150 per cent in the five years since 2012, from 211,000 visitors to 532,000 in 2017






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SFO confirms it will seek retrial for Tesco accounting scandal

Three former senior Tesco executives will face a court jury for the second time over an accounting scandal after their first trial was abandoned last month. The trial, relating a £326 million back hole that was revealed in Tesco‘s trading update on August 2014, came to abrupt halt in February not long before the jury was to hand down their verdict. READ MORE: Tesco fraud trial thrown out as Rogberg suffers heart attack Former Tesco executives begin accounting scandal trial today SFO clears former Tesco CEO Philip Clarke over 2014 accounting scandal One of the accused, former finance director Carl Rogberg, had suffered a heart attack and was admitted to hospital and Judge Deborah Taylor dismissed the jury, stating his illness could prejudice their decision






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Unsung Hero: Dulma Clark, Managing Director, Soul of Africa

Dulma Clark may be part of the UK’s most prominent family of cobblers, but her entrepreneurial spirit comes with a difference. Her online retail business, Soul of Africa, is a social enterprise that sells handcrafted shoes made in Ethiopia, providing local women and young people with skills and employment






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6 new cashierless Amazon Go stores in the pipeline this year

Reports have emerged that online retail behemoth Amazon is planning to open many as six more Amazon Go stores this year. The news was first revealed by technology website Recode , which said “multiple sources familiar with the company’s plans” have said the new high-tech, cashierless grocery stores are likely to open in Seattle and Los Angeles. Amazon is reportedly eyeing at least three locations in Seattle, where the first Amazon Go is based and where the company has its global headquarters.






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Tesco the first supermarket to reveal gender pay gap details

Tesco has revealed a gender pay gap of 8.7 per cent, making it the first of the big grocers to report its figures ahead of a government deadline in April.






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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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BoE governor Mark Carney criticises use of Retail Prices Index

The governor of the Bank of England has criticised the use of the Retail Prices Index (RPI) for its “known errors” and that it would be better to focus on a single measure of inflation. During a hearing in the House of Lords today, Mark Carney urged the government to scrap the use of RPI on future contracts. The RPI is used to determine rail fare costs, interest rates on student loans and to calculate returns on index-linked gilts






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