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Gap to shut Banana Republic stores in UK

  New York / AFP US apparel group Gap Inc. will close its Banana Republic stores in Britain as it streamlines its brick-and-mortar presence outside North America in response to weak sales. Gap will shut all eight Banana Republic stores in Britain, a Gap spokeswoman said. The majority of closures will take place by the end of January. The apparel ...

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UK retail sales stagnate as prices, weather hit clothing

  Bloomberg UK retail sales stagnated for a second month in September as soaring prices and warm weather hit demand for clothing. The figures, from the Office for National Statistics Thursday, also showed that sales excluding auto fuel were unchanged from August. Small increases on both measures had been expected by economists. Clothing and footwear sales fell 2.8 percent after ...

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Syria army urges residents to quit Aleppo as ceasefire begins

  Aleppo / AFP A “humanitarian pause” began on Thursday in the Syrian army’s Russian-backed assault on rebel-held areas of Aleppo but clashes continued and there were no signs residents were heeding calls to leave. The unilateral ceasefire took effect at 8:00 am 0500 GMT) and was to last at least 11 hours, with the aim of allowing civilians and fighters ...

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