Debenhams is on the brink of collapse after JD Sports pulled out of takeover talks. Following the collapse of Arcadia, JD Sports left rescue talks of the department store chain. Thousands of jobs are at risk after Debenhams collapsed into administration for the second time in April. In a statement to the City, JD Sports […]

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In the latest blow to the high street, Debenhams has announced plans to axe 2,500 jobs in its department stores and warehouses. In addition to the 4,000 roles the retailer has cut since May, Debenhams will be cutting up to a third of its total workforce in an attempt to survive the pandemic. The department […]

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The UK’s largest sports retailing outlet Sports Direct International Plc (LON:SPD) announced on Tuesday that it had agreed the sale of a logistics centre in Shirebrook for a sum of little under £120.1 million to Kwasa Sportivo. Sports Direct property After closing down its warehouse in Wigan, the company said it would offer the 300 […]

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Much to the delight of its owners Associated British Foods Plc (LON:ABF), Primark exceeded expectations for Christmas trading, despite what they described as a ‘challenging‘ run-up to the festive period. “The UK performed well and our share of the total clothing market increased significantly,” said ABF in a trading statement. “Sales were 1% ahead of […]

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Debenhams (LON:DEB) reported a 10 percent drop in profits on Thursday, as the department store saw a decrease in clothing sales. The UK’s second largest retailer reported a 7 percent slide in pre-tax profits to £105.8 million in the three months to September. However, underlying profit margins rose by 0.5 percent to £118.2 million. Additionally, […]

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