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COVID-19

High street stores retail

Shop vacancies continue to rise as shopping centres hit worst

The number of shuttered stores is continuing to rise in the wake of the coronavirus pandemic and UK lockdowns, with shopping centres faring the worst due to the higher proportion of fashion stores located in them.
QUIZ

QUIZ sales slump on back of forced store closures

Sales at fast fashion retailer slumped by 73% to £17.2m in the six months to 30 September as it was hit by forced store closures due to the pandemic.
Oxford Street

UK footfall in 2020 dropped to lowest ever recorded at -39.1%

Now the dust has settled on 2020, it’s revealed that annual footfall across all UK retail destinations plunged to its lowest ever recorded level at -39.1% - compared to 2019 - as “COVID-19 changed the retail industry forever.”
Debenhams

Boohoo buys Debenhams brand and website but all stores will close

Online fashion giant Boohoo has bought the Debenhams brand and website for £55m in a deal that will see the department store name survive, but the company’s remaining 118 stores close for good.
South Molton Street

In Pictures: Londoners continue to stay at home as retail destinations...

As the UK continues to abide by Government instructions and stay at home to prevent the spread of Coronavirus, key shopping destinations in London including
John Lewis

John Lewis repays £300m COVID-19 loan early

The John Lewis Partnership has today announced it has completed an early repayment of the £300 million HM Treasury and Bank of England COVID Corporate
Retail sales high street

In Detail: ONS retail sales figures 2020 show fastest level fall...

UK retail sales volumes increased in December as stores were allowed to reopen briefly, following the end of the second national lockdown in England, new figures show.
Westfield Stratford NHS Vaccination

NHS COVID-19 vaccination clinic opens in empty Westfield retail unit

Westfield Stratford has opened one of the UK's latest NHS COVID-19 vaccination clinics, operating from an empty retail unit on the edge of the shopping
Superdry

Superdry sales and profits hit by continued COVID-19 disruption

Superdry sales slumped -24% to £282.7m in the half-year to 24 October 2020 as the group lost 23% of its owned-store trading days due to COVID-19 leading...
Hammerson Brent Cross

Hammerson reveals just 41% of rents collected

Commercial landlord Hammerson has revealed it collected just 41% of rent from its tenants as the COVID-19 lockdown restrictions took their toll on the...
Matalan

Christmas restrictions impact sales at Matalan

Matalan has reported a 21.4% sales drop in the latest quarter, partially due to the four-week lockdown in England throughout November. The omni-channel fashion and...
The Very Group

Barclay family mulls Very Group float amid online sales boom

With online sales expected to continue growing at pace, the Barclay family is reported to be in the early stages of exploring a £3bn-plus...
Retail footfall

Footfall continues to drop in second week of Lockdown 3 but...

UK footfall is now 67.5% lower than in the same week of 2020, but that is still some way off from the lowest level...
Jaeger

Jaeger to cut 233 staff and permanently shut all stores after...

Administrators for Jaeger have said that 233 staff will be made redundant following the heritage fashion brand’s acquisition by Marks & Spencer. As expected Jaeger’s...
Business rates

UK heads towards double-dip recession as GDP falls 2.6% in November

The UK economy is on track to head back into recession as official figures showed that GDP fell 2.6% in November after the country...
Retail footfall

COVID-19 impact on commuter footfall could see 400,000 job losses across...

Commuter footfall loss could be up to a third on pre-COVID levels across England, and high streets could lose 20-40% of their retail offerings...
Uniqlo China

Uniqlo sees group revenue dip, bolstered by sales in China

Fast Retailing, parent company of Uniqlo, has reported its latest financial results for the quarter ended 30 November 2020, with sales in China mitigating...
Primark

Primark owner warns of potential £1.1bn in lost sales from lockdowns

Primark owner Associated British Foods has warned of a hit from lost retail sales of more than £1bn if coronavirus lockdowns force its stores...
Debenhams

Debenhams Oxford Street flagship among six stores to be permanently closed

Stricken department store Debenhams has said it will permanently close six branches, including the flagship Oxford Street shop, with the loss of 320 jobs. It...
Click & Collect

Nicola Sturgeon halts non-essential Click & Collect in Scotland

Scotland's First Minister Nicola Sturgeon has put a halt to non-essential Click & Collect services in a bid to keep people at home and...