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TheIndustry.fashion

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Scrapping VAT-free shopping for tourists to cost 70,000 jobs, say retailers

Business leaders in the retail, leisure and tourism industries say the Government’s decision to scrap tax-free shopping for all tourists visiting the UK after...
Sadiq Khan

Sadiq Khan: Government in “listening mode” over extending rates holiday

Sadiq Khan has said the Government is in “listening mode” over his plea to extend the business rates holiday for another year. After the coronavirus...
Mayor of London Sadiq Khan

Mayor of London joins calls to extend business rates holiday

Mayor of London Sadiq Khan is urging the Government to extend the business rates holiday for another year over fears thousands of jobs could...

Retail sales continue recovery in August but lose pace, as fashion...

UK retail sales continued their recovery in August but saw growth slow down, according to the Office for National Statistics (ONS). Meanwhile fashion remains...
Next

Next raises profit outlook again after sales boost

Next has upped its full-year earnings outlook for the second time in as many months after strong recent trading and a better-than-feared first half. The...
High streets retail landlords

Government extends ban on business evictions until end of year

The Government has announced it is extending a ban on business evictions until the end of 2020. Measures were put in place at the start...
Zara Inditex

Inditex sales slide as shoppers stay away from city centres

Zara owner Inditex has said that sales dived by almost a third over the past quarter as shoppers stayed away from city centre shopping...
Topshop retail

Arcadia makes U-turn to pay full salaries for staff facing redundancy

Sir Philip Green’s Arcadia group has performed a U-turn and agreed to pay full salaries for head office staff facing redundancy. It has also...
John Lewis

John Lewis prepares to reveal the impact of lockdown

The John Lewis Partnership (JLP) is to reveal the full impact of the mass closure of its department stores as partners will also eagerly...
Furlough

Targeted extension needed for furlough scheme, warn MPs

The Chancellor should consider a “targeted” extension to the coronavirus furlough scheme to avoid a cliff-edge when it ends next month, according to an...

Retail sector job cuts top 125,000 in first 8 months of...

More than 125,000 jobs in the UK retail sector have been lost in the first eight months of 2020 – far higher than previous...
Tiffany LVMH

Tiffany & Co to sue after LVMH says it cannot proceed...

Luxury goods giant LVMH says it cannot proceed with its takeover deal of luxury jewellery retailer Tiffany & Co because the French government had requested...

Amazon appoints Fashion VP as new boss of UK operations

Amazon has announced John Boumphrey as the new boss of its UK operations. The online retail giant said Boumphrey will take over the role of...
Footfall

Footfall “not returning’ to city centres as office workers stay at...

City centre shops have continued to see a slump in footfall in August as vast swathes of people remained working at home, according to...