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Five carpet retailers have agreed to change their pricing practices following an investigation by the Office of Fair Trading (OFT). The Carpetright, Furniture Village, Dreams, Harveys and Bensons for Beds chains were found to use some promotional offers which were not genuine. This included advertising some normal retail prices as...
A cash machine at a Tesco branch in Salford was stripped of £80,000 by thieves who built a 50ft tunnel into the store.The theft happened on Friday at Tesco between midnight and 06:00, police said.Det Sgt Mark Toker, of Greater Manchester Police, said: "These people had obviously spent a long...
The world’s biggest fashion group, Inditex, has seen its first annual profit fall in five years, hit by investment in stores and weak currencies in its non-EU markets hit financial targets.In the 12 months to the end of January net income rose by just 1% to Eu2.4 billion (£2 billion)....
Sony has unveiled a prototype virtual reality headset for its PlayStation 4 console after three years of research and development.The headset will be available to developers but currently has no commercial release date.Shuhei Yoshida, president of Sony's Worldwide Studios, said that Sony believes virtual reality will shape the future of...
Fashion chain Next has hailed a “great year” for the company, with an 11.8% rise in annual profits to £695.5 million and doubling its estimates for sales growth in the next 12 months.Sales for Next Directory, our online and catalogue business, grew by 12.4% narrowing the gap with the retail...
The British Retail Consortium (BRC) has said that it broadly welcomes the chancellor’s budget, in particular the focus on changing the tax thresholds, fuel duty and savings and pensions arrangements.The BRC’s director general, Helen Dickinson said: "As an industry that employs over one million people under 25, we applaud the...
The British Retail Consortium and the Department for Work and Pensions have announced their commitment to working increasingly closely in an effort to get more people, especially those under 25, into careers in the retail sector.A formal partnership agreement was launched this week by BRC director general, Helen Dickinson and...
Leicester City Council has said that tests it conducted on meat products showed that half of all samples contained the DNA of other animals than were declared.The tests were implemented in order to reassure local communities after a halal lamb burger made by a company supplying local schools was found...
George Osborne has said that the new budget which is due to be announced today will help to support a “resilient” UK economy.The chancellor will make his speech at 12:30 and is expected to include plans to boost economic security.Amongst the expected announcements is a cut in employers’ contributions to...
Google has reportedly identified a location for its first retail store, just around the corner from Apple in New York’s SoHo area.According to online reports, Google is planning an 8,000 sq ft shop but it is not known when it is scheduled to open.Google already operates Android stores in Australia,...
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