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IKEA is launching a new smaller format shop on London’s Tottenham Court Road as part of plans to launch stores in city centres. Javier Quiñones, IKEA UK and Ireland country retail manager, explained: “In a fast-changing retail environment, the opening of this new city centre shop marks an exciting development for...

True has acquired a majority stake in organic children’s clothing brand Frugi. True will be working with Frugi’s existing management team to support growth.  Hugo Adams, a former executive board director of Superdry and chief of staff at Marks and Spencer, who is now the chief executive said: “Lucy and her team have...

Tesco is planning to open a number of stores in a mystery new format. The store chain, the country's biggest food retailer, would not comment, but there are strong hints the new-look stores will be aimed at challenging discounters, such as Aldi and Lidl. Reports from BBC suggest it could be called Jack's,...

Burberry destroyed a huge amount of unsold clothes, accessories and perfume worth £28.6m last year to protect its brand. It takes the total value of goods it has destroyed over the past five years to more than £90m. They have made this decision to prevent the items being stolen or sold cheaply. Burberry said that...

  Many of House of Fraser's landlords feel they have been treated unfairly and refuse to give up the fight easily and are planning to go to court over the troubled retailer’s rescue plan. Their CVA plan received creditor approval last month, although a number of landlords voted against it, and the company is...

  Harvey Nichols has landed another huge deal with the luxury retailer Marc Jacobs for their beauty side of the business from October. This collaborative effort will see the brand available in all eight UK and Ireland stores, and at harveynichols.com. The five-year-old Marc Jacobs Beauty operation, which is a collaboration between Jacobs and...

Coal Drops Yard, the new shopping quarter in London’s King’s Cross, is now opening on the 26th October. They have also revealed that the likes of Tracey Neuls, Studio One Twenty, Morty & Bob’s and The Sports Edit are all to join the line-up. Craig White, senior project director at Argent, said:...

Poundworld have announced the closure of their remaining 190 stores with the loss of 2,339 jobs. They have said the stores would close by 10 August. In total the collapse of the chain, which had 335 stores, will result in the loss of 5,100 jobs.    ...

Six of the former Toys ‘R’ Us stores have now been sold to a variety of different buyers in deals worth £30.5 million. They will forming the Duke Portfolio, with a combined square footage of the properties in Cardiff, Liverpool, Plymouth, Shrewsbury, Woking and York hitting 222,319 square feet. The retailer, who is remaining anonymous, has purchased three of the...

Sports Direct have revealed a drop in full year pre-tax profit after taking an £85 million hit on its investment in Debenhams. The retailer said the fall was largely due to the profit on the sale of its Dunlop business and JD Sports shares that were included in the results for the...