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UK store closures hit new record says Local Data Company

UK store closures hit new record says Local Data Company

The number of high street shop closures hit a record level in the first half of 2020 amid a challenging year for retail and leisure.
Fashion
Non-essential retail to shut in Welsh short-term lockdown

Non-essential retail to shut in Welsh short-term lockdown

​Wales has announced a 17-day “firebreak” lockdown, which means most businesses must close. Non-essential retail is now back to where it was in the wider UK lockdown that ended in June.
Fashion
New restrictions dent UK retail footfall

New restrictions dent UK retail footfall

The new coronavirus restrictions that came into effect in recent days had an immediate impact on retail footfall across the UK. There was a decline of 3.1% in the seven days to October 17, compared to the week before.
Fashion
West End launches new measures to attract Christmas shoppers

West End launches new measures to attract Christmas shoppers

​London’s West End is going the extra mile to attract shoppers for the run-up to the festive period. It's introducing new safety measures as it tries to reassure nervous shoppers that physical stores are Covid-secure.
Fashion
More brands say tourist shoppers will desert UK as tax-free shopping ends

More brands say tourist shoppers will desert UK as tax-free shopping ends

​A group of big names in premium and luxury retail have joined the chorus of British businesses pleading with the government to reverse its decision to axe tax-free shopping for tourists in its current form.
Lifestyle
Ashley's Frasers Group raises offer to buy Debenhams - report

Ashley's Frasers Group raises offer to buy Debenhams - report

​It seems that Frasers Group CEO Mike Ashley is once again targeting Debenhams as a takeover candidate with a report at the weekend saying he's renewing his interest in the department stores chain. 
Fashion
Bluewater owner Landsec's new strategy includes London focus

Bluewater owner Landsec's new strategy includes London focus

Property giant Landsec shared the broad outlines of a new strategy from still-new CEO Mark Allan on Monday and it may surprise some that it includes a continuing focus on retail, on London and on giant regional malls. 
Fashion
Unibail-Rodamco-Westfield shareholder in revolt, urges US malls sale

Unibail-Rodamco-Westfield shareholder in revolt, urges US malls sale

French billionaire Xavier Niel has teamed up with Unibail-Rodamco-Westfield's former boss to oppose the shopping mall group's planned €3.5 billion ($4.10 billion) rights issue, lifting the firm's shares.
Fashion
John Lewis's new strategy goes beyond retail, is even more digital

John Lewis's new strategy goes beyond retail, is even more digital

Under its still-new Chair Sharon White, John Lewis Partnership has unveiled a “bold” new strategy to help its John Lewis department stores and Waitrose supermarkets reach more customers. 
Fashion
Hammerson predicts improving rent collections, gets Via Outlets sale clearance

Hammerson predicts improving rent collections, gets Via Outlets sale clearance

​Shopping malls giant Hammerson said on Thursday that it has managed to collect only 41% of the Q4 rent that it’s owed. That divides into the UK collecting 38%, Ireland 33%, and France a healthier 51%. 
Fashion
Matalan hit by need for extra discounts

Matalan hit by need for extra discounts

​Matalan’s latest quarter was hurt by the need to discount more deeply than usual as it worked to clear the spring product that had been stuck in stores during lockdown.
Fashion
Britons love subscription delivery schemes, especially Amazon Prime - report

Britons love subscription delivery schemes, especially Amazon Prime - report

​As Amazon’s Prime day kicks off on Tuesday, a new Mintel study shows that paid delivery/subscription services are becoming ever more important.
Fashion
BRC says UK retail rises are linked to early Christmas shopping

BRC says UK retail rises are linked to early Christmas shopping

​Consumers shopping early for Christmas were partly behind rising retail sales last month, the regular monthly survey from the British Retail Consortium claimed.
Fashion
Fashion rises in latest Barclaycard consumer spending figures

Fashion rises in latest Barclaycard consumer spending figures

​The most extreme back-to-school season ever, plus higher food and home improvement sales drove UK consumer spending higher last month, Barclaycard said on Tuesday.
Fashion
French Connection struggles in pandemic-hit first half

French Connection struggles in pandemic-hit first half

​French Connection’s interim results on Tuesday didn't make happy reading as the six months ending July 31 saw the majority of its trading period impacted by the pandemic and sales plunged, although e-tail was up.
Fashion
Fashion stores avoid closures in new England lockdown rules

Fashion stores avoid closures in new England lockdown rules

​Retail has avoided another wave of enforced closures for now as the UK government has announced a new set of lockdown rules for England. But those rules are likely to suppress interest in shopping.
Fashion