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According to a new study conducted by Barclays, UK consumers will spend more on gifts this Christmas, although practical presents are expected to top the average festive shopping list.The survey also revealed 52% of retailers said they felt more confident about Christmas trading this year with 55% expecting spending to...
Blockbuster is to go into administration again this year after seeing poor retail and rental sales.Blockbuster, which had originally fallen into administration in January, was acquired by private equity firm Gordon Brothers Europe in a deal which saved over 2,000 jobs and 264 stores.Frank Morton, chief executive of Gordon Brothers...
Nick Wharton will be joining Mothercare as a non-executive director on 14th November.Nick Wharton has also been chief financial officer at Halfords and held various positions with The Boots Company and Cadbury Schweppes.Mothercare chairman Alan Parker said: "I am very pleased that Nick is joining us as a non-executive director....
Ikea has announced it will be working with car manufacturer Nissan and green energy provider Ecotricity to install electric vehicle rapid charging points across all of its UK store car parks by the end of the 2013.All 18 of Ikea’s stores in the UK will have rapid-chargers installed by the...
The footwear retailer Barratts has entered administration despite efforts to secure refinancing and additional equity for the business.Barratts which currently operates 75 stores and 23 concessions across the UK and Ireland has 1,035 people working for its business.Philip Duffy and David Whitehouse of Duff & Phelps, were appointed as joint...
Tesco has installed a children’s soft play area to take space in one its largest stores in a bid to attract more shoppers and increase footfall.The latest businesses revamp decision is part of a Tesco initiative to change its hypermarkets into retail and leisure centres.Tesco has also bought a stake...
After a successful launch of its Christmas advert 'The Bear & the Hare’ which took just 24 hours to reach 1m YouTube views, John Lewis is also in the limelight for its best-selling gift this week, the iPad Air which is selling every minute.The iPad Air which has been strongly...
John Lewis saw its year on year sales rise 7.1% to £91m last week after its Christmas advert launched on Friday, although this was a slight week on week decline as half term figures and the iPad Air launch from the previous week proved hard to beat.The John Lewis Christmas...
The luxury department store Fortnum & Mason has opened a new store in the UK for the first time in over 300 years.The store, set to open at the Eurostar terminal in London’s St Pancras International will be opened on Friday and will be offering Fortnum’s famous tea with travellers...
Asda has announced that it will be teaming up with Barclays bank to open eight trial branches in its supermarkets over the coming year.The trial will begin with the launch of four Barclays branches within existing stores in February 2014. The first branch will be opened in Birchwood in Cheshire...
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