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Next bemoans toughest challenge in 25 years as profits fall

Retail giant Next has posted falling profits for the second consecutive year, and warned that 2018 will remain challenging as the sector faces intense pressure.

Toys R Us founder dies

The iconic store chain, Toys 'R' Us, will sell or close all of its U.S. stores in the coming months, which could affect up to 33,000 jobs and more than 700 U.S. locations. Colette Luke has more.

Toys R Us founder dies as iconic retail chain folds – ValueWalk Premium

13h valuewalkpremium
The founder of the embattled Toys R Us chain of children’s stores died on Thursday, a week after the company announced the end of its operations in the United States. “There have been many sad moments for Toys R Us in recent weeks, and none more heartbreaking than today’s news about the passing of our beloved…

PRESS DIGEST- British Business - March 23

14h reuters
March 23 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. (34-0)

Toys R Us founder dies days after chain’s announced shutdown

In this Jan. 7, 1992, file photo, President George H. Bush, left, listens to Toys R Us Chairman Charles Lazarus, right, as he visits the toy chain’s second store to open in Japan. Lazarus, the World War II veteran who founded Toy R Us, has died at age 94. Toy R Us confirmed Lazarus’ death in a statement Thursday, March 22, 2018. (AP Photo, File)

Business Highlights

NEW YORK (AP) — Stocks plunged, driving the Dow Jones industrial average down more than 700 points, as investors feared that trade tensions will spike between the U.S. and China. The Trump administration announced trade sanctions against China, and Beijing has said it will defend itself. Industrial and technology companies, which depend heavily on foreign trade, took some of the worst losses. Boeing, Caterpillar and Microsoft all fell. (4-0)

Can a $1 billion GoFundMe campaign save Toys “R” Us?

18h thestar
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Toys 'R' Us founder dies amid chain's U.S. collapse

Charles P. Lazarus, the World War II veteran who founded Toys "R" Us six decades ago and transformed it into an iconic piece of Americana, died Thursday at age 94, a week after the chain announced it was going out of business in the U.S.

BRIEF-Toys R Us Announces Passing Of Founder Charles Lazarus

19h reuters

Toys R Us founder Charles Lazarus dies 

The founder of Toys R Us has died days after the firm announced it would shut all 100 of its UK stores.

Toy R Us founder dies days after chain's announced shutdown

NEW YORK (AP) — Charles P. Lazarus, the World War II veteran who founded Toys R Us, has died at age 94, a week after the iconic chain he started six decades ago announced it will shut down its stores across the U.S.

Toys R Us founder Charles Lazarus dies at 94, as toy empire liquidates

21h cnbc
Charles Lazarus, the founder of Toys R Us, has died at the age of 94, according to a company spokeswoman. Toys R Us issued the following statement:

As Babies R Us closes, rivals lure baby registry customers

21h cnbc
The closure of Toys R Us and Babies R Us has sent customers of the company's baby gift registries into a panic.

The Michaels Companies' (MIK) CEO Chuck Rubin on Q4 2017 Results - Earnings Call Transcript

22h seekingalpha
Good morning. My name is Phil and I will be your conference operator today. At this time, we would like to welcome everyone to the Michaels Company’s Fourth Quarter Earnings Conference Call. All lines have been placed on mute [Operator Instructions]. Please note this event is being recorded. Thank you. (1-0)

Retail sales bounce back – but the Beast from the East will slow the recovery

Retail sales increased in February, partly reversing dips in December and January. Volumes rose 0.8pc on the month, the Office for National Statistics said, with sales up 1.5pc compared with February last year.

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