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Airport retailers have vowed to be more transparent when it comes to VAT savings. Last summer it emerged that airside retailers were requesting to see customers boarding passes in order to benefit from the 20% tax saving from people flying to outside the EU without necessarily passing the saving onto...

According to its most recent full-year report, stationery retailer Smiggle’s expansion into the UK has contributed to its huge global sales development. Figures show that globally, total sales rose 41.8% to £110 million and opened 52 new shops, 40 of which opened in the UK within the 12 month period to...

Sports Direct has announced that Dave Forsey has resigned as both CEO and as a director of the company, as founder Mike Ashley takes the helm. The company said that Mr Ashley will “continue to be supported by the existing executive management team, and Dave Forsey has agreed to facilitate a...

The Co-operative Group has vowed to switch its bacon and lamb products to 100% British suppliers. The announcement is part of a three-year plan which will see £1.5 billion put into sourcing UK meat and vegetables. Steve Murrells, retail chief executive, The Co-op, said: "We are a major supporter of British farming....

Hospitality group Mitchells & Butlers has appointed the representative of Elpida Group Limited, a significant shareholder in Mitchells & Butlers, as a non-executive director. Mr Keith Browne holds a Bachelor of Commerce Degree from University College Dublin, from which he graduated in 1990. He qualified as a chartered accountant in 1994...

It has been reported that in August, London’s West End saw a spike in trade from overseas visitors as the quantity spent by Chinese tourists increased 65%. Whilst spending from Hong Kong tourists increased 72% and US spending rose 74%. Figures show that total non-EU rose 44% year-on-year with total sales...

Supermarket giant Sainsbury’s has revealed that it will be shutting down its digital entertainment subsidiary by the end of 2016. Sainsbury’s Entertainment on Demand, which includes services such as movies and TV, e-books and music, will be sold to eBook store Kobo. Kobo will be sending a message out on the 25th...

It has been reported that Bonmarche, the women’s fashion retailer has decreased its full year profit potential following this month’s unexpected warm weather, which interfered with sales for its autumn range. The company stated that its overall performance in July and August fell in line with expectations, but September trading wasn’t...

As part of its global expansion plans, luxury online fashion retailer Yoox Net-a-Porter has hired Deborah Lee as chief people officer. Ms Lee will be joining the company in the new year and will be responsible for the company’s global HR team with direct reports in New York, Hong Kong, Tokyo,...

The family behind the River Island fashion chain has chosen to plough a multi-million pound dividend back into the company to bolster the brand at a “challenging” time for the sector. Ben Lewis, chief executive, told The Daily Telegraph that the board would not be taking its annual dividend, worth £180...