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Gap is planning to close 19 stores across the UK and Ireland this summer. The company has decided not to renew leases on the stores when they expire on 31 July following a strategy review and losses incurred during the Covid-19 pandemic. The locations of the affected stores remain unknown and...

Tommy Hilfiger has teamed up with Viacom CBS Consumer Products to launch a new capsule collection that taps into Tommy Jeans’s long history of pop culture collaborations. Called A Blast From The Past, the collection features iconic characters and logos from Nickelodeon and MTV across a range of t-shirts, sweats and...

The John Lewis Partnership has appointed Tina Mitchell as the new retail director for the Waitrose supermarket chain. Due to join the partnership in November, she will be responsible for setting the shop strategy whilst reporting to  Waitrose executive director James Bailey. Bailey said: “This role is pivotal to our delivery of...

Danish furniture retailer JYSK is open two new stores within the Greater Manchester area as part of its UK expansion plans. The first will launch on 10 June in Bury at Angouleme Retail Park while the second will open in Stockport at Manchester Road Retail Park on 8 July. Jenny Johnston, JYSK...

British American Tobacco raised its annual revenue growth forecast on Tuesday as the cigarette maker's focus on e-cigarettes and tobacco-heating devices pays off, sending its shares up 2pc. The London-listed company said it expected revenue growth of more than 5pc at constant currencies, above its previous range of 3pc to 5pc...

JD Sports has agreed to sell Sports Unlimited Retail to Iberian Sports Retail Group, its 50.02% Spanish subsidiary, for €16.5 million. Based in the Netherlands, Sports Unlimited Retail operates under the Aktiesport and Perry Sport fascias. In a statement, JD Sports said ISRG would be better placed  to drive growth and higher...

Tesco has announced a new pay deal for hourly-paid staff working in its stores and customer fulfilment centres. Staff will have their hourly rates increased by 2.7% from £9.30 to £9.55 from 5 September 2021. Developed in partnership with Tesco’s elected Usdaw colleague representatives and Usdaw, the deal will also see night...

New  figures have shown that UK retail footfall rose by 11.6% last week on the previous seven day period as retail destinations benefited from people taking holidays in the UK during half term. The data from retail specialist Springboard reveals that footfall in high streets jumped by 17.4% while shopping centres...

Japanese fashion brand Onitsuka Tiger has chosen London’s Regent Street for the opening of its biggest store to date. Situated close to Oxford Circus at 249-251 Regent Street, the shop is the company’s first in the world to offer the entire Onitsuka Tiger collection in a single establishment. The 9,300 square...

Grosvenor Britain & Ireland has made its first equity investment in an occupier by acquiring a minority stake in the Roland Mouret luxury fashion brand. The investment has been made through Grosvenor’s Tenant Investment Fund which was established last year. Grosvenor said the acquisition will support avenues for growth such as...