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January 15, 2019 5:37 PM DEATH OF THE HIGH STREET: ‘Stark’ outlook as online shopping hits home

CLOSE to two fifths of Britons are apathetic toward the high street according to new research, which was published just weeks after British retailers suffered major losses during the festive period. UK retail sales has decreased by 0.7 percent on a like-for-like basis from December 2017, with retail giant John Lewis threatening to cut staff bonuses in light 61

January 15, 2019 11:27 AM Marks & Spencer to close 17 stores

M&S has already outlined plans to close 100 stores by 2022 as it hopes to move at least a third of its clothing and homes sales online. Of these, 30 have already closed and 25 have been announced including Tuesday's list. The latest 17 stores to close are: Ashford, Barrow, Bedford, Boston, Buxton, Cwmbran, Deal, Felixstowe, Huddersfield, Hull, Junction 57

January 14, 2019 9:12 AM New Look to slash debt by £1bn to restore profitabilty

The South African-owned company warns that conditions in the UK retail market continue to be challenging.  The company, which is closing its remaining 120 stores in China as well as 60 stores in the UK to return to profitability, said it had agreed with key shareholders to slash its debt from £1.35bn to £350m. It will raise £150m in new money to finance 19

January 9, 2019 5:44 AM Fukubukuro: Why Japan goes crazy for 'lucky bags'

They're called Fukubukuro - and at the start of each New Year, thousands of people in Japan queue up for hours to get their hands on them. Fukubukuro - or lucky bags - are essentially mystery goodie bags that contain anything from clothes to food, depending on the store selling them. They started out as a way for Japanese department stores to get rid of old stock 18

January 2, 2019 1:09 PM John Lewis Christmas Eve sales end year with a boost

Retail chain John Lewis Partnership saw an 11% rise in sales in the last week of 2018 compared with a year earlier. The partnership includes both John Lewis department stores and Waitrose supermarkets. John Lewis reported very strong sales on Christmas Eve itself - which was included in the last week of trading - as customers bought last-minute gifts 18

December 13, 2018 11:04 AM Buyout giant TPG in talks to wash hands of Victoria Plum

TPG, which bought Victoria Plum in 2014, has been holding talks about merging it with Bathstore, Sky News learns. Sky News has learnt that TPG has been exploring a merger of Victoria Plum, which it bought in 2014, with Bathstore, the high street chain which trades from more than 150 stores across the country. Sources said the talks between TPG and Bathstore 35

December 3, 2018 5:13 PM Mike Ashley calls for online tax to save the High Street

Mike Ashley has called for a new tax on online retailers to help revive ailing town centres. The Sports Direct owner told MPs that the "internet is killing the High Street". His answer is taxing all retailers that make more than 20% of their turnover online - and not just online-only operators. Mr Ashley said a tax would hit his own £400m online operation 46

November 18, 2018 10:36 AM Lush Confirm Bath Bomb Inspired By Ariana Grande’s ‘God Is A Woman’ Music Video

Lush have dropped the release date for their bath bomb inspired by the shimmery tones in Ariana Grande’s ‘God Is A Woman’ music video and we’re updating our Christmas wish list as we speak. For anyone who's been asleep for the past three months, the brand teased that they’d be creating a product based around Ari’s visuals in July after a fan tweeted 42

November 15, 2018 3:00 PM Stormzy to play Glastonbury? Posters in Oxfam stores 'confirm headliner'

A staff member at Glastonbury's Oxfam store confirmed they were keeping the poster up, but would not say where it came from. A Glastonbury Free Press poster which has been put up in some Oxfam stores says the grime artist and rapper will play on the Friday night of the world-famous festival in Somerset. Sky News spoke to a member of staff at the charity's 44

November 5, 2018 8:38 AM Make drivers pay for fuel in advance, says police chief

Service stations should make drivers pay for fuel in advance to prevent theft, a top police officer says. Petrol firms had made it too easy to drive off without paying because they wanted to entice motorists into their shops, said Simon Cole of the National Police Chiefs' Council (NPCC). Mr Cole, who is chief constable for Leicestershire, said 12% of crimes 30