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Sears owner has milked iconic retailer dry, analysts say

01:42 AM | New York Post

Sears, the iconic American retailer, is now just a shell of its former self, and Wall Street retail analysts say responsibility for that can be laid at the feet of owner Eddie Lampert and his hedge fund ESL Investments. However, Lampert — once ranked the richest person in Connecticut — may be smiling all the...


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‘Cut fuel duty’ plea after fall in retail sales

10:02 PM | Daily Mail

Store sales fell by 1.4 per cent in the three months to March over the preceding quarter, said the Office for National Statistics. It was the first quarterly drop since 2013.

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All the data is pointing to one thing — Britain's economy is heading for the rocks

02:35 PM | businessinsider.com

LONDON — Another week brings more troubling data points that suggest Britain's economy is starting to feel the pain of Brexit. This week was a relatively quiet one for economic data. But there were too significant, and worrying, releases. The first was a survey of British consumers from IHS Markit showing the biggest squeeze on spare cash in more than two and a half years.


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After a brief return to normality the pound has been flipped upside down by politics once again

01:37 PM | businessinsider.com

LONDON — Just as things looked like they were starting to get back to normal for the British pound, the calling of a general election by the Conservative government has flipped the currency on its head for the second time in less than 10 months. Having...

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As more buy clothes online, Walmart eyes a piece of the action

12:08 PM | Guardian

A likely deal between Walmart and Bonobos, a hybrid digital/brick-and-mortar menswear brand, may be a sign of the future of retail “Founded on Fit, Focused on Style, Built on Service” – that’s the retail promise offered by Bonobos, the men’s e-tailing business that’s being courted by Walmart and idolized by the garment industry as a model for reviving US retail woes.

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