Oxford Street

Business rates holiday extended to June before two-thirds discount

The Chancellor has said that the business rates holiday will be extended until the end of June for hard-hit retail, hospitality and leisure firms before shifting to a two-thirds discount for the rest of the year.

Contactless payment limit to be raised to £100, Chancellor confirms

The contactless payment limit is to more than double to £100. The changes, being set out in Wednesday’s Budget, will see the legal single contactless payment limit raised from £45 to £100.

PODCAST: Stores: The Next Generation – Pimkie

Patrick van der Linden is the Chief Operating Officer and Chief Digital Officer of leading French young fashion retailer Pimkie. Patrick has been at the forefront of driving Pimkie’s “customer obsessed” strategy, which puts feedback from the customer as its centre.

Chancellor to extend furlough until September as he unveils budget

Rishi Sunak will extend the furlough scheme until the end of September and pledge to do “whatever it takes” to help people and businesses through the coronavirus crisis when he unveils his Budget.
Oxford Street 2020

The Changing Retail Survey 2021. Have your say + win an...

Our aim is to capture the mood of the UK Retail industry as we go through continued change. We are interested in your priorities, your concerns, and how you are changing to better serve your customers and thrive in the next normal.

Notonthehighstreet chief warns online sales tax would hurt small brands and...

The CEO of online marketplace Notonthehighstreet has warned any Budget move to impose an online sales tax would be a “mistake” and penalise small firms already battered by the pandemic.
High street retail sales

Rishi Sunak to offer £5bn business grants to help re-start the...

Non-essential retailers, pubs, restaurants and other businesses hit hardest by the coronavirus pandemic will be boosted by a £5bn grant scheme to help them reopen as the lockdown is eased.

PODCAST: Jace Tyrrell, Chief Executive of the New West End Company

We are joined by Jace Tyrrell, who will play a pivotal role in the renaissance of the West End. We talk VAT, business rates, Crossrail and just who or what might fill those empty spaces on Oxford Street.

Retail sales dive and expectations hit record low in shutdown

UK retail sales plunged in the year to February after non-essential stores shut their doors, while retailer expectations for the next month have fallen to their lowest on record, according to new figures.
Sports Direct Frasers Group

Frasers Group to take £100m hit from continued lockdown

Frasers Group has said it could take a hit in excess of £100 million due to the Covid-19 restrictions on non-essential retailers reopening stores lasting until 12 April.
High street retail sales

UK retail sales tumble after stores shut in national lockdown

UK retail sales plunged in January as vast swathes of high street stores kept their doors shut in the latest national lockdown, according to new figures.

Next boss Lord Wolfson calls for higher business rates on warehouses

Business rates for retailers on the high street should be cut by 35% with the commercial property tax increased for online rival warehouses instead, according to Next CEO Lord Simon Wolfson.
High street retail Debenhams

850 retail jobs lost each working day in 2021

Retail experts have warned that recent job losses will be the “tip of the iceberg” without further support from the Treasury, as new figures reveal about 850 jobs have been lost from the sector each working day since the start of the year.
Retail footfall

UK inflation increased last month due to higher food prices but...

UK inflation increased last month on the back of higher food prices and more expensive household goods, according to official figures, however prices for clothing and footwear were down due to widespread discounting.

PODCAST: Stores: The Next Generation – LUSH

In this episode we speak to the Global Retail Director, and Liverpool Store Manager at British-based, ethical beauty retailer LUSH.
High street

Experts expect bounce-back after economy shrinks in 2020

Experts have said that the 9.9% slowdown in the UK economy last year is likely to be the worst among major economies in 2020, but are still hopeful of a bounceback this spring.
Ted Baker

Ted Baker warns over Brexit hit of up to £5m as...

Ted Baker has revealed a hit of up to £5m from Brexit as tumbling festive sales also laid bare the toll taken by the pandemic.
Fashion COVID-19 Primark

Non-food retailers have lost £22bn in sales due to lockdowns

Lockdown measures have cost non-food retailers around £22 billion in lost sales since the start of the pandemic, according to new figures.
Dune London

Dune launches CVA restructuring deal to cut rent costs

Footwear retailer Dune has launched a major restructuring deal to secure lower rents after Covid-19 lockdowns had a “severe” impact on its finances.

PODCAST: more2 Founder & CEO Kevin McSpadden

We take a deep dive into the world of Marketing Science with Kevin McSpadden, founder and CEO of More2. Kevin works with retailers at board level to get them focused on the right measures and actions that will ensure their future success.