Footfall edged up this week as British consumers took tentative steps back to the high street but the introduction of the “Rule of Six” may well dent fragile consumer confidence in the coming weeks. Worse than that, with talk of Christmas effectively being cancelled this years, those retailers that only just staggered out of lockdown may not make it to Christmas if consumers stay home during the most crucial trading quarter of the year.
Perhaps the most depressing number to have emerged this week is that the total number of job losses in retail has topped 125,000 already this year with many more to come.
Herewith your headline numbers from the week in fashion.
The number of major landlords who are said to be opposed to New Look’s CVA plan which seeks to switch the majority of its store estate to turnover-based rents.
High street footfall received a small boost, jumping 2.6%, as some office workers returned to work.
Bravado opened the first Rolling Stones flagship store at number 9 Carnaby Street; we got an early look at the store and merchandise.
JD Sports half-year profits slumped as a result of the COVID lockdown but it says it is well placed for the future.
Amazon is creating 10,000 jobs in the UK this year and one of the projects it has underway is the creation of driverless delivery vehicles.
Centre:mk houses 2.5km of shopping malls. Its director Kevin Duffy talked to us about how it has been performing post-lockdown.
Retail sales hit £395bn and this week the Government launched a Bounce Back plan to help it recover from the COVID crisis.
QUIZ has said 15 of its stores will remain permanently closed after lockdown as it reports a plunge in sales as a result of the crisis.
It has been revealed that 125,000 job cuts in retail in the first eight months of this year with many more expected to come.
Luxury last mile delivery service Toshi offers customers 30-minute delivery slots throughout the day, its founder Sojin Lee tell us all about it.
LVMH acquired a majority stake in British footwear designer Nicholas Kirkwood’s brand in 2013, this week it was announced he was taking back full ownership.
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