Online sales continued to grow in the UK during March with a 71.7% year-on-year increase, although given how much of a shock to the system the first lockdown was in March 2020, the strength of the rise was no surprise.
Singapore-based specialist in the digitisation of retail brands, Trax has announced that it has raised funds totalling €539 million ($640 million) which it will use to develop its services for retailers.
The reopening of non-essential shops in much of the UK on April 12 and workers back in their offices mark a big step in the return to normality. It seems that key product categories are likely to benefit.
Hammerson is selling its UK retail parks to Canadian private equity firm Brookfield for around £350 million, according to one report. However, on Monday, Hammerson said any deal is far from being sealed.
Debenhams hasn’t disappeared from the high streets quite yet. Many of the almost-100 department stores still in existence will reopen for up to 33 days from 12 April, offering deep discounts to clear stock.
Pent-up demand to shop in a real store is simmering nicely and provides optimism for a bounceback from 12 April’s reopening. That’s the less-than-surprising view from the Springboard Footfall Monitor, released Thursday.
ASOS released its interim results on Thursday and the fashion e-tail giant confirmed just how strong it is, as its own brands and Arcadia labels boomed. It saw sales rising globally and profits soared.
Predictions of poor Easter Weekend retail footfall ahead of the reopening of non-essential retail on 12 April were wide of the mark as activity across all destinations for the latest week increased again, figures show.
As Fenwick prepares to reopen, its CEO has predicted “ a good opening, but a slow recovery as well”. Yet overall, he’s confident it's on the right track and can do well in the changed retail world of the future.
The number of UK jobs and stores lost in pandemic-hit retail continues to rise. Since non-essential stores were first forced to close a year ago, almost 190,000 jobs have gone and 15,153 stores have closed, figures show.