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House of Fraser have confirmed their intention to put forward proposals for a Company Voluntary Arrangement this month following what they have said is an inaccurate and unhelpful media speculation. In a statement, House of Fraser said: “This is entirely consistent with the statement made on 2 May. It also continues to be...

Mothercare has confirmed plans to raise £28m through issuing new shares as part of a rescue plan. The rescue plan is being carried out through a company voluntary arrangement, which Mothercare said had been approved by the required majority of creditors....

A John Lewis department store and Waitrose supermarket are to anchor a new £1.4 billion redevelopment of Croydon’s retail town centre. Craig Inglis, customer director at John Lewis, said: “We are delighted to be opening a new full-line department store in the newly developed centre, offering the services and products for...

The head of the Channel Islands' biggest retailer are warning that removing GST from food could lead to price rises elsewhere. It comes after retailer Alliance promised to bring the prices of many of its items down to match the UK. Andrew Bagot, Managing Director of Alliance, said he hoped the move would prompt...

With Asda being taken over by larger rival Sainsbury’s they have revealed a 10% slump in annual profits for 2017. They have blamed price cuts for the decline in pre-tax profits as it’s regrouped to fight back against the discounters Aldi and Lidl. Pre-tax profits fell from £791.7m in 2016 – which was its worst performance since it...

John Lewis sales have risen by 3.4% year-on-year last week as shoppers bought products over the bank holiday weekend. Electrical and home technology sales increased by 5.6%. Sales of electrical products were also up due to strong demand for vacuum cleaners and televisions. Sales were also up 3.4% as womenswear accessories had a...

The Royal Wedding and the FA Cup have bumped up sales of burgers, sun cream and non-alcoholic beer, with shoppers splashing out £415m on the Friday before the event. The grocery market rose by 2.7% in the three months to 20 May, up from 2% reported a month ago, according to Kantar Worldpanel. “The sun...

Amazon will not ship goods overseas to Australian customers after a new GST rule that targets international retailers which comes into effect in July.  Amazon’s new rule will prevent Australians from buying from the Amazon US store and any other international Amazon store which usually have cheaper goods and a greater range compared with the Australian...

Pret A Manger’s new owners are expected to prioritise a trans-Atlantic expansion above increasing the chain's UK presence after buying it for £1.5bn. Leisure industry experts predict that JAB Holdings will use its experience of the American market to amplify Pret’s small presence in the US.  ...

B&M has increased both its full year sales and profit as it continues its new store expansion programme. Pre-tax profit rose by 25.4% to £229.3 million in the 53 weeks to 31 March while like-for-like sales at UK B&M store fascias grew by 4.7%. ...