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Network Rail posts 22nd consecutive quarter of retail sales growth

Network Rail has recorded its 22nd quarter in a row of retail sales growth at its train stations around the country. For the three month period September 30, total retail sales across Network Rail’s train stations increased 5.1 per cent.

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Network Rail posts 22nd consecutive quarter of retail sales growth

Network Rail has recorded its 22nd quarter in a row of retail sales growth at its train stations around the country. For the three month period September 30, total retail sales across Network Rail’s train stations increased 5.1 per cent.






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Council extends Oxford Street pedestrianisation consultation period

The consultation period on plans to transform London’s Oxford Street and the surrounding area into a traffic-free zone has been extended, after people requested more time to consider the proposals and submit their views. The consultation, which began on November 6, was originally set to close on December 17. However, Westminster City Council have agreed with the Mayor of London and Transport for London to extend the consultation until January 3






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BRC welcomes “breakthrough” on Brexit negotiations

The British Retail Consortium has breathed a sigh of relief after today’s “breakthrough” in a joint report from EU and UK Brexit negotiators. Prime Minister Theresa May has finally struck a deal with the EU to bring the first phase of negotiations to an end, which includes the protection of rights of EU citizens in the UK






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Shoppers still prefer the high street for Christmas

More than half of Brits still prefer to do their Christmas shopping on the high street or at shopping centres rather than online, according to new research. Almost 52 per cent of participants stated they do their Christmas shopping in-store compared to the meagre 9.5 per cent who said they predominantly do Christmas shopping online.






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Coach appoints Ralph Lauren’s Fredrik Malm to head European operations

Luxury fashion retailer Coach has announced the appointment of Ralph Lauren’s Fredrik Malm as its president of European and international divisions.






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Tough Christmas ahead as Black Friday fails to restore consumer confidence

Retailers are in for a “potentially tough” Christmas, after Black Friday spending figures indicated it was not enough to restore consumer confidence after the worst October on record. According to the BDO High Street Sales Tracker, overall like-for-like sales fell 1.3 per cent in November, dragged down by a 2.5 per cent year-on-year drop on fashion sales. However, lifestyle goods went up 0.9 per cent year-on-year and homeware items had a 2.2 per cent uptick.






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American Eagle forecasts strong holiday-quarter earnings

American Eagle Outfitters forecast strong earnings for the key holiday season and delivered third-quarter comparable sales ahead of Wall Street targets.






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Small Business Saturday sales shrink

Roughly 108 million shoppers spent $12.9 billion on Main Street, down from last year’s 112 million shoppers, who spent $15.4 billion.






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Tiffany shines in Q3

Tiffany & Co. reported third-quarter profit and sales that beat Street estimates, as sales strength in its Americas and Asia-Pacific regions helped to offset weakness in Japan.






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