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The British Retail Consortium has said that Chancellor George Osborne was right to announce a cap on business rate increases.Help on rates announced in the Autumn Statement included extension of small business rates relief, addressing the backlog in appeals, introducing reoccupation rates relief and a two year discount of up...
Static wages and economic uncertainty are being blamed as sales on the US’ biggest shopping weekend fell for the first time in seven years.The National Retail Federation said that despite price cuts, US customers spent around $1.7bn less over the holiday weekend, with average spend dropping from $423.55 last year...
Discount supermarket Aldi will be opening a pop-up restaurant in London with celebrity chef Jean-Christophe Novelli.The restaurant, located on Portman Square, close to Oxford Street, will see the Michelin starred celebrity chef create four course meals using Aldi’s food costing £17.90 per person. Aldi said in a statement: “Our products...
The UK’s most inspiring female entrepreneurs have been celebrated today as the winners of the 2013 NatWest everywoman Awards were announced last night. Over 300 guests from the world of business and politics along with household names including Kelly Hoppen MBE, Amanda Wakeley OBE, and Awards Patron Dame Mary Perkins...
Us home furniture retailer West Elm has opened its first UK store in the UK on Tottenham Court Road."The city of London has such vibrant communities centered around design and innovation. I couldn't think of a better location for our first West Elm store in Europe," said Jim Brett, President...
Womenswear retailer Warehouse is to open a new 2,500 sq ft flagship store on Oxford Street next spring. The retailer closed its previous store in the Plaza shopping centre on Oxford Street three years ago.The former Monsoon site will feature the new look which Warehouse is currently rolling out to...
Chancellor George Osborne has offered a potential lifeline to the High Street by vowing to cap increases in business rates in his Autumn statement later this week, according to the BBC.It has been reported that the rate rises will be limited to 2% in a move that will sever the...
A weak grocery market has seen Tesco’s UK sales fall 1.5% in the third quarter. Like-for-like UK sales excluding VAT and petrol were down 1.5%, 18 months into the company’s £1 billion turnaround plan.However, the company added that it was making improvements despite the “challenging backdrop”, re-launching its finest* product...
Shopping centre group Westfield has said that it is planning to spin off its Australia and New Zealand businesses into a new company, merged with Westfield Retail Trust.The new business will be separate from the group’s UK and US assets and the two businesses will be listed separately as well...
The BRC–Nielsen shop price index for November has shown that overall shop prices fell for the seventh consecutive month, falling to 0.3% from the 0.5% decline reported in October.Food inflation slowed to 2.3% in November from 2.7% in October, whilst non-food reported annual deflation of 2.0% in November from 2.4%...
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