Ann Summers chief criticises landlords over high rents | Business

Ann Summers chief criticises landlords over high rents | Business

The Ann Summers chief executive has accused some retail landlords of “burying their heads in the sand” by ignoring the crisis on the high street, after several refused to accept lower rents to support the chain. The sex toys and lingerie specialist has been struggling during a high street downturn. The Guardian revealed in May […]

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Can the Fed's chair shake off the wolves of Wall Street and White House? | Business

Can the Fed’s chair shake off the wolves of Wall Street and White House? | Business

Donald Trump is not known for his love of 12th-century English history but there are echoes of the clash between Henry II and Thomas Becket in the president’s troubled relationship with Jerome Powell, the chair of the Federal Reserve. If Powell feels beleaguered as he prepares to make the most important speech in his 18 […]

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Laura Ashley reports £14m loss on slump in home furnishings | Business

Laura Ashley reports £14m loss on slump in home furnishings | Business

Laura Ashley has slumped to an annual loss of more than £14m after a collapse in demand for its signature floral home furnishings. The retailer said Brexit concerns had hit consumer confidence and stopped shoppers from making big-ticket purchases or starting big DIY projects. At the same time, the housing market has slowed and house […]

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Dick’s Sporting Goods is reportedly exploring ending gun sales | US news

Dick’s Sporting Goods is reportedly exploring ending gun sales | US news

One of America’s biggest gun retailers is reportedly exploring halting firearms sales and moving out of the business entirely. Earlier this year, Dick’s Sporting Goods announced it was pulling guns, ammunition and firearms accessories out of 125 of its stores where sales were down and said it would study the impact on overall performance. Now […]

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Trend setters: brands cotton on to G7 pact against fast fashion | World news

Trend setters: brands cotton on to G7 pact against fast fashion | World news

There have been few fashion statements over the years at G7 summits (dress code: world leader suit, sensible shoes). But this year, G7 leaders will be joined by more than 20 fashion retailers and brands, including the owner of Gucci, Kering, H&M and Zara’s parent company, Inditex, for a key fashion moment – a global […]

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Walmart sues Tesla over solar panels it says caused multiple fires | Business

Walmart sues Tesla over solar panels it says caused multiple fires | Business

Walmart has sued Tesla, saying solar panels supplied by the electric carmaker were responsible for fires at about seven of its stores. The fires destroyed significant amounts of store merchandise and required substantial repairs, totaling hundreds of thousands of dollars in out-of-pocket losses, according to a lawsuit filed in a New York court on Tuesday. […]

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Lidl attains its biggest UK grocery market share at 5.9% | Business

Lidl attains its biggest UK grocery market share at 5.9% | Business

Lidl has bagged its biggest ever slice of UK grocery spending as larger supermarket rivals lost ground during a poor stretch of summer weather. Sales at the discount retailer jumped 7.7% in the three months to 11 August, fuelled by a burst of store openings that attracted nearly 500,000 more customers, compared with the same […]

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Labour to give councils power to seize boarded-up shops | Politics

Labour to give councils power to seize boarded-up shops | Politics

Labour will allow councils to seize abandoned shops to give them a new lease of life as cooperatives or community centres, a policy designed to revive struggling high streets. Jeremy Corbyn is expected to announce the shake-up on a visit to a high street in Bolton on Saturday, calling the sight of boarded-up shops a […]

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Inverted curve proves White House has won its battle with the Fed | Business

Inverted curve proves White House has won its battle with the Fed | Business

WeWork, the loss-making US office rental company, is planning a stock market launch next month to fund its global expansion. All the signs on Wall Street on Wednesday were that Silicon Valley’s next big thing may have left it a tad late. On a day when global stock markets took a tumble, WeWork will doubtless […]

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