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Boris Johnson CBI BRC

CBI 2019: What are the parties offering business?

Boris Johnson, Jeremy Corbyn and Jo Swinson all attended the CBI Conference today in an attempt to win over business leaders with their proposals...
Jo Swinson

Scrapping business rates will rescue High Street, says Jo Swinson

Jo Swinson, the Liberal Democrat leader, has insisted her party's plans to abolish business rates will “rescue the High Street”. Speaking at the CBI conference...
Retail

Nearly 6,000 retail stores closed in 2019

The extent the problematic business rates tax regime is having on town centres is laid bare as new research shows high street chains have...
StockX

Nike to Nikkei: Eminem-based sneaker exchange StockX looks to attract traditional...

StockX, a US-based website which connects buyers and sellers of trainers, could start looking beyond its core “sneakerhead” client base and rope in traditional...
BRC UK retail sales

Consumers unexpectedly cautious with spending in October

Consumers were unexpectedly cautious in their spending in October after showing sustained confidence in the face of Brexit uncertainty, official figures show. Sales over the...
Burberry AW19 (2/2)

Burberry sales dented by Hong Kong protests

Burberry said it is renegotiating leases with landlords in Hong Kong after ongoing protests led to a massive drop in sales in the city. The...
Clothes shopping

Shopping for clothes in stores knocks consumers’ body confidence

More than a quarter of Britons say they hate shopping for clothes in stores because it knocks their body confidence, according to a survey. More...
Shop DIrect

Shop Direct given funding lifeline from Barclay brothers

Shop Direct, parent of Very and Littlewoods, has secured a £75 million equity injection from owners, the billionaire Barclay brothers, as it looks to...
British Land

Almost £600m slashed from value of British Land amid retail turmoil

Meadowhall owner British Land saw almost £600 million slashed from the value of its retail property portfolio as it was struck by the current...
Mulberry

Mulberry losses widen amid tough UK trading

British luxury house maker Mulberry has revealed widened half-year losses as fewer shoppers visited its UK stores amid tough high street trading. Shares in the...
New Look

New Look slashes losses as it reduces product range

New Look has warned it does not expect the tough high street conditions that have claimed many of its rivals to improve. However the...
Landsec

Retail woes wipe £368m off Landsec portfolio value

Shopping centre owner Landsec has plunged to a half-year loss after taking a £368 million hit on the value of its properties from woes...
Shoppers

Shoppers stay away from stores as weather hits footfall

The number of shoppers heading to the high street, retail parks and shopping centres is continuing to fall, new data has revealed. In October, footfall...
Burberry

Political turmoil in Hong Kong expected to dent Burberry sales growth

Burberry investors are holding out hopes the luxury retailer has followed its “encouraging” start to the year with strong first half figures, despite fears...
Mamas & Papas

Mamas & Papas closes stores after collapsing into administration

Mamas & Papas has collapsed into administration with six store closures, just days after rival Mothercare went bust. The retailer has made 73 staff redundant...
High street

High Street to be hit by ‘perfect storm’ this Christmas

High street sales collapsed in the last week of October amid political upheaval as retailers face a “perfect storm” in the crucial Christmas trading...
Mike Ashley Sports Direct Frasers Group

Sports Direct attacks business select committee for ‘fobbing off’ concerns

Sports Direct has launched a stinging attack on business select committee chairwoman Rachel Reeves, accusing her of “fobbing off” enquiries by the retailer. Mike Ashley’s...
intu

Intu warns rents will fall this year and next

Shopping centre owner Intu has warned that rental income in 2019 is likely to fall by 9%, with more than half the decline coming...
M&S Marks & Spencer

Marks & Spencer hit by plunging clothing and home sales in...

Marks & Spencer said it is rapidly pushing ahead with its turnaround plan after half-year sales slumped during a “challenging” period for its clothing...
Dominic Chappell

Former BHS owner Dominic Chappell disqualified from being director for 10...

The businessman who bought BHS from Sir Philip Green for £1 before it collapsed has been banned from running a company for 10 years. Dominic...

 

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