It was all looking so good at the beginning of June. But more bad weather and the announcement of a further delay to the complete reopening of retail saw UK footfall again dipping for a second consecutive week.
Angry commercial property owners plan to fight the legal extension to protect tenants from eviction. And more bad news came after a judge ruled a retailer was paying too much rent.
Nottingham’s Victoria Centre has announced a number of new tenants that have already opened or will join the former Intu-controlled mall in the months ahead.
One of the the ‘Big Four’ UK supermarket chains, Morrisons, has received an unsolicited bid approach valuing it at £5.5bn. But it has rejected the offer, despite it being above its closing share price as of Friday.
Fashion sales in stores were lower last month compared to April, the ONS said on Friday. But they remained buoyant online and in a reasonably strong position generally, the figures showed.
Cash continues to lose its appeal, especially among young consumers, as payments using bank notes and coins dropped 35% last year. More than eight in 10 people in Britain now use contactless payment.
Poundland, Pepco and Dealz owner Pepco Group has signed a framework agreement with CCC Austria for the acquisition of up to 29 store leases in Austria.
A potential UK retail jobs crisis is looming. The number of EU nationals seeking work has collapsed since Brexit, according to a new report from jobs website Indeed, with the decline hurting lower-paid sectors.
Luxury fashion designer Vera Wang unveiled on Wednesday a new premium Italian Prosecco brand.
Struggling retailers can breathe a sigh of relief. The UK has extended the ban on commercial evictions until March 2022. That means the moratorium for business tenants won't now expire at the end of this month.
Global mall giant Unibail-Rodamco-Westfield (URW) wants to become a more customer-focused organisation. So the Wesfield owner has appointed Caroline Puechoultres as its new chief customer officer, effective immediately.
An ambitious plan to transform Oxford Circus into pedestrian-friendly piazzas has been announced with an international design competition kicking off to decide just how the key shopping area will look for decades ahead.
A French court on Tuesday ordered Ikea to pay a 1 million euro fine in a spy case involving its employees, as the world's biggest furniture retailer was found guilty of storing employee data it obtained improperly.
Major digital fashion wholesale platform JOOR has announced that it has raised $46 million in Series D funding and will use the new cash to accelerate its growth and focus even more on innovation.
H&M Group’s net sales rose as much as 75% in local currencies during Q2 (the March to May period), although given the strengthening Swedish Krona, its revenues translated into ‘only’ a 62% rise on a total basis.
