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Questions are being asked about the sale of BHS by Philip Green to Retail Acquisitions last year, after the retailer collapsed yesterday. Thousands of employees are facing job losses and pension cuts, whilst attention turns on former owner Sir Philip Green who sold the company to a consortium of businessmen for...

Carpet and floor covering retailer Carpetright has said that profits are on track for the year, after international sales increased and its UK business continued to perform well against strong comparatives. In a statement covering the 12 weeks ended April 23rd, the company said that UK like-for-like sales were up 0.7%...

The British Retail Consortium has said that the EU is “increasingly important” for UK retailers. Total retail search volumes grew 52% in the first quarter of 2016 compared with the same quarter a year ago, according to the BRC-Google online retail monitor, with searches on mobile devices up 50% on the...

Suit firm Austin Reed filed a notice of intention to appoint administrators on Friday, a move which could come as early as this week. A potential collapse of the British firm could put 1,000 jobs at risk. Accountants Alix Partners are understood to be looking at options for the 116-year-old company. However,...

Struggling department store BHS is expected to file for administration around lunchtime today, with the loss of 11,000 jobs. Boss Dominic Chappell wrote to employees on Sunday warning that the firm was in danger, saying: “It is with a deep heart that I have to report, despite a massive effort from...

Fashion brand Gap has announced that its franchising boss, Stefan Laban is leaving the company as Gap prepares to move its operations to the US. Mr Laban joined the company six years ago and become the head of all brands after four years. Whilst he was in charge, the company expanded...

Pets at Home have revealed that its full year revenue grew 8.8% in the 53 weeks to 31st March, which was enhanced by “excellent” performance from the grooming salons and veterinary practices. Figures show that revenue increased to nearly £800 million from £729.1 million the year before and like-for-like sales grew...

Game Digital has announced that it has secured £100 million of funding from Lajedosa Investments. The company said that the loan will replace existing credit facilities. Since January 2016, the group has been exploring more flexible forms of funding so as to better manage its financing requirements. Specifically, the group has...

Habitat has re-opened its flagship store on Tottenham Court Road, featuring immersive displays showcasing its full product range. The new look was created by the company’s in-house design team, led by creative director Polly Dickens, and creative manager, Graham Copeland. The new design incorporates interactive touch screens throughout the store now link...

N Brown, the group that own JD Williams, Jacamo and SimplyBe has reported a decline in its annual profits due to difficult marketing conditions and a costly shift to a digital-first format. Figures show that pre-tax profits fell to £72.2million in the year to March 2016, however revenue increased 3.5% to...