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Body Shop’s remaining UK stores saved after rescue deal agreed | Retail industry

The Body Shop has been rescued from bankruptcy by a consortium led by British cosmetics tycoon Mike Jatania, with the ethical beauty brand's remaining 113 UK stores set to remain open. Aurea, a growth capital firm founded by Jatania and Paul Raphael, a former executive at UBS, Credit Suisse and Merrill Lynch, said it had […]

NYC pols from all boroughs urge NY Gov. Kathy Hochul to keep rule limiting pot shops

City council members from each ward are calling on Governor Kathy Hawkle to block the state’s Cannabis Control Commission’s efforts to allow more licensed marijuana stores to open in New York City neighborhoods. Nine members of the council’s “Common Sense” Caucus sent a letter to Hochle on Monday slamming what critics call a half-baked proposal […]

Cookie shops in NYC good for the taste buds

Satisfying your hunger has never been easier. Artisanal cookie shops are popping up all over New York City, with more than a dozen opening since the state allowed marijuana to be legalized in 2021, with more on the way. Oriana Molina Garcia of Manhattan bakery Oriana’s Cookies said she’s seen high-settled customers at farmers markets […]

New York cannabis shops can offer discounts on pot under new proposal

Get excited about these prices! State cannabis regulators proposed Wednesday to repeal rules that prohibit licensed cannabis stores from discounting marijuana products, a rule they argued disadvantages illegal operators. Senior citizens, students and veterans could be offered discounted prices on cannabis gummies, oils and other items, sources said. That could mean being able to buy […]

A look inside NYC law enforcement raids on illegal Staten Island pot shops

Authorities raided two illegal marijuana dispensaries on Staten Island this week, including one that contained a secret staircase that led officers to an underground illicit stash house, witnessed by The Washington Post. New York City sheriff’s deputies and officers found hundreds of neatly organized packages of cannabis products in the dingy basement of Richmond Discount […]

Inflation in UK shops falls amid price cuts on furniture and TVs | Retail industry

Store price inflation eased to its lowest level since November 2021 as retailers slashed prices on big-ticket items such as furniture and televisions as rising living costs and bad weather forced households to severely curb spending. According to the latest research from the British Retail Consortium (BRC) and market research firm NielsenIQ, inflation rose 0.6% […]

Bass Pro Shops’ CEO says brand will focus on affordability amid rising costs

Bass Pro Shops founder and CEO Johnny Morris said despite inflation, the hunting, fishing and outdoor sports brand will continue to focus on affordability heading into boating and fishing season. Inflation has fallen from a peak of 9.1% in June 2022 but remains elevated at 3.4%, above the Fed’s 2% target. “Inflation is happening. It’s […]

State won’t say how many illegal pot shops there are as NYC cracks down

State cannabis regulators have declined to provide an estimate of how many illegal marijuana stores there are in New York, but Mayor Adams announced Tuesday that he would “padlock” the five boroughs to shut down illegal marijuana stores. announced the “Protect” program. “It’s much bigger than we would like,” Pascal Bernard, deputy director for intergovernmental […]

Queens civic leaders oppose legal pot shops until every local illicit one is closed

Frustrated civic leaders in central Queens are opposing a licensed cannabis store planned for their neighborhood until authorities padlock all illegal stores. Shelley Algredo, chair of Community Board 9, which covers Kew Gardens, Richmond Hill and Ozone Park, said: “The board is already concerned about the proliferation of illegal smoking establishments operating in the area […]