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Ikea has opened the doors to its new full-size store in London’s Greenwich. The new 32,000 square metre store is situated in the Millennium Way Retail Park is the retailers first full sized store to open in London in 14 years, and has created around 500 jobs. The store is the 22nd...

Revenues at Levi Strauss & Co have increased by 14%, totalling $5.6 billion. The president and CEO of the business, Chip Bergh, hailed the fiscal year, ended November 25th 2018, ‘an outstanding year’. The Americas recorded net revenues of 10%, reflecting a continued growth in the wholesale channel, and the strong performance...

A fire at Ocados Andover customer fulfilment centre has lead to homes in the surrounding area being evacuated. The evacuation came, as fire fighters feared that there could be a toxic gas leak or an explosion. The fire began on Tuesday and worsened on Wednesday.  It took over 200 fire fighters over...

Superdry’s group revenue fell by 1.5% to £269.3 million in its third quarter, after experiencing ‘subdued’ store and online sales. The drop in sales came as a result of on going legacy product issues, as well as unusually warm weather in the period, leading to less people buying their coats and...

HMV has announced that its flagship store on Oxford Street will be one of 27 unprofitable stores to be shut with immediate effect. The news comes as the entertainment retailer was saved from administration from Canadian firm Sunrise Records. The flagship store opened in 1921, and was HMV’s first ever store.  The...

Marks & Spencer is set to launch a new store in the Ravenhead Retail Park in St Helens. The new 40,000 square foot store will stock M&S clothing, as well as a food hall and also an M&S café. Customers will also be able to utilise the click & collect service as...

The warehouse that delivers items to House of Fraser and its customers has shut down, meaning 280 jobs have been cut. The workers at the Wellingborough warehouse have been told that it will close on April 10th. This follows the closure of a warehouse in Milton Keynes in November, where a further...

Administrators for HMV have confirmed that Sunrise Records & Entertainment has completed the purchase of the entertainment retailer, beating competition from Sports Direct owner Mike Ashley. Sunrise will acquire 100 HMV stores, as well as all 1,487 head office staff. The stores will continue to trade as HMV following the acquisition, and...

Debenhams are reported to be looking at entering into a company voluntary agreement, which could bring forward the closures of around 20 stores this year. The retailer is currently in talks with banks to up its borrowings ahead of its quarterly rent payment, which is due on March 25th. Debenhams confirmed in...

Ikea has released a pilot project in Switzerland, which will look at the possibility of hiring out furniture as part of an environmentally friendly policy by the retailer. It has already introduced programmes designed to reduce wastes, such as the service to take back old beds or sofas to then be...