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The Economist Intelligence Unit (EIU) has said that UK retailers will be hit by a “severe” economic shock which will “flatten out” sales for the rest of 2016 and beyond if Britain votes to leave the EU. Out and Down: Mapping the impact of Brexit report said that the country could...
Iconic British Wellington boot maker Hunter has launched a festival themed pop-up in Topman’s flagship store in Oxford Circus. The pop-up features some of the brand’s iconic footwear designs as well as botanical print waterproof blousons; packable, lightweight rain jackets; weatherproof backpacks and both vinyl and rubber outerwear. Hunter recently announced that...
The British public has been given the opportunity to decide on the nation’s most iconic shopping items as Barclaycard launches its new interactive platform. Known as the Great British Shopping Showdown, customers will be able to choose items in a series of “Tinder-style” battles. The idea is to reveal Britain’s ultimate...
It has been reported that the British government is seeking to make public the Insolvency Service’s report into the collapse of BHS. The government has suggested that there would be quite a lot of public interest regarding the report. It is currently illegal to release confidential Insolvency Service reports but lawyers...
Following the launch of its new luxury Solarin smartphone, Israeli startup Sirin Labs has launched its first flagship store in London’s Mayfair. The Solarin is a 5.5-inch Android smartphone, costing £9,500. The high price tag is due in part to its innovative, military-grade security and privacy measures. These include a switch at...
Walmart has announced that the head of its Chinese business, Sean Clarke, will replace his namesake Andy Clarke as president and chief executive of Asda when he steps down in July. Andy Clarke will remain with the business until the end of the year, retaining his current role as Asda’s...
Software giant Microsoft is to buy professional networking site LinkedIn for $26 billion (£18 billion) in cash. It is anticipated that the deal will allow Microsoft to boost sales of its business and email software by being integrated with Office 365, Exchange and Outlook. However, the parent company has said...
According to the British Retail Consortium and Springboard's monthly footfall monitor, UK retail footfall saw an increase of 0.3% year-on-year in May from a 2.4% drop in April. With footfall rising by 1.2%, May's results were the best high street footfall recorded since July 2013, excluding Easter disruptions. BRC chief executive, Helen...
It has been announced that Walmart, the owner of Asda, is looking at its China boss Sean Clarke to be the next chief executive, however the British retail industry will be in for a shock as they were expecting Asda’s chief operating officer, Roger Burnley to take the position. Sean Clarke...
John Smith, the chief operating officer at luxury fashion brand Burberry, is to step down to pursue new interests. Having been at the company for seven years, Mr Smith will leave Burberry by the summer of 2017. In a statement Smith said: “With the company's future strategies now in place, I...
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