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The Johnson Services Group (JSG) have made the decision to sell their dry cleaning brand, Johnson Cleaners, as an aid in paying an additional £1.5m deficit contribution to its pension scheme.  Shoe repair brand, Timpson have agreed to acquire the business for £8.25m, it has been announced. Johnson Cleaners posted...

Online musical retailer, Gear 4 Music, has reported a substantial increase in sales during the 4 months up to the 31st December. The company posted total sales figures of £24.4m, up 55% when compared to the previous year. Sales in the UK were up by 29% to £15.02m and their...

UK high street retailers saw the quietest Christmas period since 1998 followed by another slump in footfall on New Year’s day. In December, footfall was down by 9.3% when compared with the previous year, the widest gap year-on-year since 2006, and the week in the run up to Christmas saw...

Discount chain, B&M, and nursery and maternity retailer, Mamas and Papas, have reported an increase of sales in the run up to Christmas. The latter announced a rise of 11% over the festive period, with Black Friday seeing the company surpass its best day of online trading by 29%. The...

In the wake of American Apparel filing for bankruptcy in November, companies such as online retailer, Amazon, and teen apparel store chain, Forever 21, have reportedly begun weighing offers for the Los Angeles based company. Currently, any bid for the company would have to exceed the $66 million offer from...

Shoppers in the UK have seen a rise in the price of non-food items in both November and December, with clothing and footwear seeing a month-on-month increase for the first time in almost two years. According to the British Retail Consortium (BRC) Nielsen Shop Price Index, deflation of the prices...

According to the High Pay Centre, today has been renamed as Fat Cat Wednesday, as top bosses will pass the average wage of £28,200 by midday today, as Stefan Stern, High Pay Centre director put out a reminder of the unfair pay gap in the UK. Figures have revealed that chief...

It has been reported that Next will be facing some tough times this year, as the fashion retailer has seen a worse-than-expected festive season performance. Commenting today, Next announced that sales decreased 0.4% in the 54 days to 24th December, whilst there was a 7% fall in end-of-season clearance sales. Other figures...

Supermarket giant Morrisons have started the New Year off by reducing prices on 800 items. It is the first supermarket out of the Big 4 to do this, however other retailers will follow as they try and entice shoppers on a tight budget once the festive period is over. Some of the...

Figures reveal that footfall dropped almost 13% nationwide and shopping centres decreased 50%, due to customers spending early in December, bank holiday trading hours and bad weather. Elsewhere, retail benchmarking firm Springboard Insights revealed that overall footfall which included out of town retail parks dropped 23.8% year-on-year. A director at Springboard Insights,...