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Fashion chain Jane Norman has been placed in administration by owner Edinburgh Woollen Mill, putting 157 jobs at risk.The brand was bought out of administration by EWM in 2011, but in a statement, it said that it was "no longer able to continue to support its loss-making UK and Ireland...
Nike’s fourth quarter profits have been hit by heavy spending on its marketing in the run-up to the World Cup.Although spend on marketing increased 36% to $876 million (£514 million) in the months ahead of the competition, which contributed to a rise in profits of just 1%, Nike as it...
Amazon has been accused of “bullying” UK publishers following an update to various clauses in its contracts including the right for Amazon to print its own copies of a book should it run out of stock.One publisher told the BBC that Amazon had become "increasingly ruthless" in its negotiations, while...
US underwear and t-shirt firm HanesBrands, which holds the rights to Wonderbra in Asia and the US is to buy its former sister company DBApparel, which holds the rights to the brand in Europe. The deal will create one of the largest underwear groups in the world.The firms were previously...
Retail sales in the UK slowed to a seven month low this month, according to the Confederation of British Industry.The CBI’s latest distributive trades survey said that falling clothing sales contributed to the slowdown, although the pace is expected to pick up next month.The survey of 133 firms showed that...
Both Dixons and Carphone Warehouse have reported a rise in annual profits as their proposed merger was given the go-ahead by the European Commission.In its full-year financial update, Carphone Warehouse said that like-for-like revenue grew 5.3%, pushing earnings to £151 million (2013: £132 million), in line with its previous estimates...
Property company Colliers International has said that the Scottish retail sector is “in a fragile state” although it is strengthening.Approximately 70% of retail centres across the country managed to keep shop rental rates at a stable level while reducing incentives offered to new tenants, but town centres are struggling, the...
Washington is preparing to issue its first licenses for stores to sell marijuana as the drug becomes legal in the state.The Liquor Control Board will issue about 20 retail licenses on July 7, and the stores that are ready can open the next day. More stores will get licensed in...
Prince Charles’ Highgove retail business, which sells organic food and gifts, is to move online, closing two of its shops.Although the original shop near to the Highgrove estate will remain open, the main focus of the business will be online.A statement from Highgrove said: "The ownership of the building has...
Flooring company Carpetright has seen pre-tax losses widen to £7.2 million, compared to a £5.1m in a “challenging” year, accompanied by a 2.2% fall in sales across the group.The group said that the poor results were due to "significant sales volatility" in the UK and "extremely difficult trading conditions" in...
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