
The British government should levy a tax on retailers with online sales accounting for more than 20 percent of revenue to save traditional shopping districts, the boss of Sports Direct told lawmakers on Monday.
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The British government should levy a tax on retailers with online sales accounting for more than 20 percent of revenue to save traditional shopping districts, the boss of Sports Direct told lawmakers on Monday.
Britain's high streets are losing shops at a record rate in the most testing retail and leisure climate in five years, research by PwC showed on Friday.
Sports Direct International Plc, the sportswear group controlled by billionaire Mike Ashley, said on Wednesday it had paid 8 million pounds ($10.2 million) to buy Evans Cycles after it fell into administration.
Sports Direct, the sportswear group controlled by retail tycoon Mike Ashley, has added to an already lengthy list of UK investments by snapping up specialist cycling retailer Evans Cycles.
The weather gods were kind to Missoni last night, as the house and family celebrated the 65th anniversary of the brand with a memorable show staged on an elevated concourse looking out over Milan’s Fiera City.
The Swedish owner of Coast, Aurora Fashions, is again in talks about a potential sale of the womenswear brand after being impacted by House of Fraser’s collapse.
Hong Kong’s retail sales grew at a slower pace in July after five straight months of double-digit gains, government data showed on Thursday, with the outlook overshadowed by concern over China-U.S. trade tensions.
Steinhoff’s board will meet over the next two days to discuss asset sales to boost cash flow and pay down debt, its chairwoman said on Wednesday, months after creditors of the South African retailer threw it a lifeline.
PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the loss-making UK retailer was sold for a token one pound in 2015, ahead of its collapse a year later.
A British parliamentary committee has asked billionaire Philip Green to "prove" why he thought retailer BHS could stay in business before it was sold in 2015 for a token one pound, before collapsing a year later.