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Tesco Bank has stopped its online operations for current account customers after reports that 40,000 accounts were hacked and money withdrawn from approximately 20,000. In a message to customers this morning, chief executive of the bank, Benny Higgins, said: “Tesco Bank can confirm that, over the weekend, some of its customers’...

Supermarket Sainsbury’s has announced that it will be launching contactless payments over its 800-strong convenience store network. It is the last of the ‘big four’ to do so. Although there has been no timeframe set on the roll-out, it is expected to start before the Christmas trading period. “Our customers will find...

Paradise Mall in Nacharam is the 18th location to open for SPAR India, covering 5,400 sq m and has departments such as bakery, delicatessen, food-to-go and fish, as well as non-food products. Before the new store opened, the company did some widespread advertising to spread the word. Figures show that SPAR India...

It has been announced that cosmetics retailer MAC Cosmetics will be opening a new store in Queensgate on North Square, situated near John Lewis. This will be MAC’s second dedicated store in the region and will stock the brands makeup, brush, fragrance and skincare ranges. The announcement comes from the latest like-for-like...

Reporting on its third quarter sales, fashion retailer Next has seen sales decline due to tough comparisons and harsh discounting. Figures show that in the three months to 31st October, retail sales dropped 5.9%, whereas group sales fell 3.5% and sales for the Next Directory online division were flat. Despite this, sales...

It has been reported that fashion retailer Hugo Boss was unsuccessful in halting its declining sales due to a “continuously challenging market environment". Figures show that the retailer’s total revenue fell 3% in its third quarter. However, with currency effects taken into consideration, Hugo Boss’s sales dropped 6% to £635 million. Despite...

Retailers in London’s West End are anticipating a £2.34 billion sales boost over the Christmas period, starting this Sunday when the Christmas lights are switched on. Forecasts by the New West End Company’s annual Christmas tracker report indicate that till receipts will rise 1.6%, with shoppers spending £5.1 million per hour...

Supermarket Morrisons has said that third quarter sales were up following the introduction of its new ‘The Best’ range as well as its “biggest ever” Halloween. In the 13 weeks to October 30th, like-for-like sales excluding fuel were up 1.6%, with like-for-like transactions up 4.1%. Total sales were down 1.2% excluding...

The British Museum has announced that it is to go into business with online retail giant Alibaba to sell British Museum-branded goods through one of its subsidiary sites. The deal will see online marketplace Tmall.com sell the museum’s products in China, with the venture supported by Alifish which will  provide e-retailing...

HMV, which went into administration three and a half years ago, has recovered to the extent that its sales of physical music have overtaken Amazon in the UK. The latest data on the physical entertainment market from Kantar Worldpanel showed that HMV attracted 41,000 new shoppers and grew its share of...