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Amazon shares rebound, report says Prime Day sales jumped 89 percent in first 12 hours of the event

This year, Prime Day started at 3 p.m. vs. 9 p.m.

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Debenhams insists on “healthy balance sheet” after credit insurers’ withdrawal

Debenhams has insisted it has a “healthy balance sheet and cash position” after credit insurers withdrew their cover to suppliers of the retailer. According to The Sunday Times , Euler Hermes reduced its cover amid concerns Debenhams was struggling to pay its bills in full and on time. Other credit insurers Atradius and Coface have also reportedly refused to cover new shipments for Debenhams in recent days






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These are the best Amazon Prime Day deals

Prime Day is one of the biggest retail days of the year for Amazon. Here are some of the best deals being offered. 






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Value retailer Five Below to open flagship store on Fifth Avenue

The value retailer's first store in Manhattan is set to open later this year.






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Swimwear sales ‘on fire’ as year-round summers fill Instagram with string bikinis and beach posts

Retailers like Aerie and Abercrombie & Fitch are seeing a dramatic surge in swimwear sales, thanks to the year-round summers and string bikini posts on Instagram.






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Hobbycraft posts 8th consecutive year of sales growth

Hobbycraft has hailed a successful transformation strategy after revealing rising revenues for the eighth consecutive year. In the 12 months to February 2018, the arts and crafts retailer saw revenue increase 6.4 per cent to £168.5 million.






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Walmart reportedly shopping Japanese supermarket chain

If a deal goes thorough, this would be the retailer's third major international pullback this year.






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Sears slashes another 200 corporate jobs

The department store retailer has cut about 420 jobs so far this year as it attempts to reduce costs, but Sears acknowledges job cuts could hurt its business. 






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Ocado’s investment drive leads to £9m half-year loss

Ocado’s hefty investment in new warehouses and IT systems after ramping up its expansion has stung the retailer’s half-year report, whereby it reported a £9 million loss. The online grocer retailer’s loss in the six months to June 3 compare with pre-tax profit of £7.7 million a year earlier






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Amazon Go locks in second Seattle spot

The company confirmed that a second Seattle location is in the works as it heads toward the goal of opening six of the experimental formats this year. 






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