Retailers call for action as high street store closures soar | Business

Retailers call for action as high street store closures soar | Business

Retailers and unions are calling for urgent government action to help struggling high streets as new data shows the number of shops, pubs and restaurants lying empty is rising at the fastest pace in nearly a decade. About 16 stores closed their doors every day in the first half of 2019 while only nine opened, […]

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Michael Murray says it will take years to transform Sports Direct | Business

Michael Murray says it will take years to transform Sports Direct | Business

Mike Ashley’s future son-in-law, who has been tasked with sprucing up Sports Direct’s leisurewear emporia, says it will take four years to transform the brand into the Selfridges of sportswear. The retail tycoon anointed Michael Murray as head of elevation last year, handing him the reins of a specialist division dedicated to making a success […]

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Cheap hoodies in shabby stores: House of Fraser after a year of Ashley | Business

Cheap hoodies in shabby stores: House of Fraser after a year of Ashley | Business

Empty beauty counters, acres of discount sportswear and stores in need of repair. One year after Sports Direct bought House of Fraser out of administration, many of the shops now have entire floors that look more like branches of Mike Ashley’s pile-it-high sportswear outlets than an upmarket department store. When Ashley bought the chain for […]

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Analysts criticise Sports Direct over results chaos | Business

Analysts criticise Sports Direct over results chaos | Business

Mike Ashley’s Sports Direct has been labelled “an embarrassment to UK corporate governance” after the chaotic announcement of its annual results last week, including multiple delays and the shock revelation of a €674m (£614m) tax bill. Investors and analysts pointed to revelations of a poor performance at Sports Direct’s core chain, a string of ill-advised […]

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Luxury handbag maker Mulberry heads to the pub after £5m loss | Fashion

The luxury handbag maker Mulberry is aiming to raise its profile with younger shoppers with a series of music gigs in pubs after falling to a £5m loss. The Somerset-based company said it was investing in the UK market with events in London pubs including the Betsey Trotwood in east London and the Prince of […]

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Sports Direct CEO Mike Ashley bids for Patisserie Valerie cafe chain

Sports Direct founder Mike Ashley has signalled a move into the catering and hospitality business after making a bid for Patisserie Valerie. The sports retailer confirmed in a statement to the stock exchange that an offer had been made to acquire the cafe chain, which went into administration last month after talks with banks failed […]

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Gift cards for Christmas: it’s time to kick the habit | Money

What do shoppers at HMV, House of Fraser, Maplin, Toys R Us – and this week, Evans Cycles – have in common? They’ve all had problems using, or been left holding, worthless gift cards after the chain went into administration. With Christmas fast approaching, and reports into the dire state of the high street, consumers […]

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Sports Direct to close landmark House of Fraser store in Manchester

The landmark House of Fraser store in Manchester is to be closed after talks between its new owner, Sports Direct, and the building’s landlord failed to negotiate a new rent deal.  The closure of the 182-year-old store, known by locals as “Kendal’s” from the days when the shop was owned by Kendal, Milne & Faulkner, […]

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‘New’ House of Fraser brings new problems for customers | Business

Is it safe to order online at the “new” House of Fraser, now owned by Sports Direct? One customer who bought £380 of goods has found himself in a similar ordeal to the thousands of unhappy customers who lost out when the “old” company went into administration. Harps Singh, from Birmingham, paid £380 for three […]

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