One million small firms should be exempted from business rates in overhaul of way companies are taxed by local councils, according to report from property industry: The British Property Federation will publish its proposal in the coming weeks to replace the current system of reviewing each firm’s annual business rates every five years with a yearly review for bigger companies.
Marks & Spencer’s online sales in China surge after deal to sell clothes through internet giant Alibaba: Marks & Spencer sells its clothes through Alibaba’s subsidiary, Tmall, and it said almost half its dress sales in China are online, adding that it was the fastest growing womenswear brand on Tmall.
Scandinavia is the right way for us, says Marks & Spencer as retailer steps up international expansion: Marks & Spencer is to step up its international expansion by opening in Scandinavia for the first time. Britain’s biggest clothing retailer plans 15 new franchise shops in Finland and Norway with a four-storey flagship in Helsinki.
what a joke they are . On the same day (Aug 11th) they rate MKS at 360 and ASC(ASOS) at 5000 - look at ASOS now at 2200 - are these brokers for real or what - they must sit in their chairs rolling dice
High streets hit as shopper numbers drop by 1.7% in July - but pop-up shops and short leases see vacancies fall to a three-year low: High streets suffered another blow last month as the number of visits from shoppers dropped by 1.7% year on year in July. Retailers in general were hit by a fourth consecutive month of declining footfall, as shoppers stayed away despite the warm summer weather.
Asda overtakes Marks and Spencer in clothing market: Asda has overtaken Marks and Spencer to become Britain’s second-biggest clothing retailer by volume, as the U.K. arm of Walmart defied the potentially damaging supermarket price war to increase its underlying sales.
Sir Philip Green’s Topshop and Miss Selfridge brands are to push into China with an agreement to launch on the ShangPin.com fashion retail website next month. ShangPin.com is an online multi-brand retailer of designer and contemporary fashion, which says it has more than 5m customers. (Financial Times)
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