All High street & town centre articles – Page 19
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NewsIntu Metrocentre taken over by Sovereign Centros
Shopping centre operator Sovereign Centros has taken ownership of the Metrocentre in Gateshead, as the assets of former institutional landlord Intu continue to be sold off.
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NewsRetail sales continue recovery with fifth consecutive month of growth
UK retail sales increased for the fifth consecutive month in September, boosted by an uptick in non-essential categories according to official figures.
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NewsGap mulls closure of all European stores and UK warehouse
American fashion chain Gap is considering closing all of its European stores and operating in the region purely through partnerships, potentially putting hundreds of jobs at risk.
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AnalysisLocal heroes: The retailers benefiting from the rise of localism
Since the lockdown, people have taken to shopping where they live and local retailers have come to the fore. Many have adapted, served and won loyal customers over the past eight months. Retail Week highlights some of the thriving businesses that hold lessons for all of retail.
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NewsSunak unveils changes to job support scheme as golden quarter kicks off
The chancellor has today announced new business support schemes to deal with the ongoing coronavirus crisis, including changes to the job support scheme that replaces furlough at the end of the month.
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NewsLiverpool footfall plummets to July levels in first week of Tier 3 restrictions
Footfall in Liverpool has plunged to levels last seen at the end of the national lockdown in the summer, in the week since it became the first city to be placed into the government’s highest tier of Covid-19 restrictions.
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NewsRetail footfall slumps as three-tier Covid restrictions take effect
The government’s three-tiered Covid restrictions have had an “immediate impact” on retail footfall across the UK after coming into force late last week.
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NewsPret to axe another 400 jobs amid ‘setback’ in Covid recovery
Pret a Manger is to axe another 400 jobs and shut six more stores as it wrestles with the damaging impact of the coronavirus crisis.
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NewsLondon mayor warns of ‘inevitable’ tighter restrictions across the capital
London mayor Sadiq Khan has said it is almost “inevitable” that the capital will face tightening restrictions from next week as Covid-19 cases continue to grow across the UK.
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NewsFootfall increase slowed by rule of six and 10pm curfew
Retail footfall across the UK slumped over the last five weeks as the government’s new restrictions on hospitality took their toll.
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NewsLandlords mull legal action against retailers as rent slumps to new lows
Landlords are considering taking action against “well capitalised” retail businesses refusing to pay rents under the cover of the government’s moratorium, as takings for yesterday’s September quarterly rent day slid to just 12.7%.
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NewsRevo chief executive warns of £2bn retail rent blackhole
Revo’s chief executive has warned of the consequences of retailers not paying rents, saying landlords are facing a £2bn arrears blackhole that will have knock-on effects across the industry.
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AnalysisAnalysis: How Greggs and Hotel Chocolat are creating new recipes for success
With the coronavirus pandemic laying waste to once-thriving city centres and travel hubs across the UK, both Greggs and Hotel Chocolat offer insights into trading in the new normal
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NewsRetail industry decries ‘missed opportunity’ in Sunak’s winter economy plan
Retail membership organisations and stakeholders have said the chancellor has missed an opportunity to help the retail sector with his winter economy plan.
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NewsRishi Sunak unveils new support scheme to protect ‘viable’ jobs
Chancellor Rishi Sunak has unveiled his new job support scheme in Parliament, in a bid to stave off a spike in job losses once the current furlough scheme ends.
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EventsGrocers sales to benefit from hospitality curfews and working from home reversal
Grocery retailers are set to be the big winners from the latest round of government restrictions on hospitality venues, with sales settling in excess of 25% above pre-Covid levels.
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NewsFace coverings to become mandatory for retail staff from this week
The prime minister has announced that all retail staff working in stores will need to wear face coverings from this week or retailers will face severe fines of up to £10,000.
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NewsRevo calls on government to cap business rates at 30% as part of consultation
Revo has called on the government to cap business rates at 30% and to extend support measures beyond April next year as the first part of the reform consultation period closes.
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NewsPrime minister set to announce 10pm curfew for bars and restaurants
All pubs, bars and hospitality venues will be forced to close at 10pm across the UK from Thursday to help curb the spread of the coronavirus.
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AnalysisAnalysis: Can retail survive a second national coronavirus lockdown?
As Covid restrictions tighten and the prospect looms of further ‘circuit breaker’ measures, Retail Week looks at how the industry would fare in a second lockdown.
