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Finance

Topshop Topman Oxford Street

Hope for Arcadia pensioners after sale of group’s assets

Thousands of pensioners from Sir Philip Green's collapsed retail empire Arcadia have been given hope that more of their savings than previously believed have been salvaged as a result of the sale of the group's assets.
SME's

Government announces £20 million SME Brexit Support Fund

The Government has launched a £20m fund to help small and medium sized businesses adjust to changes to trade regulations with the European Union
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.
Westfield Stratford

Westfield looks towards reducing US presence to focus on UK estate

Unibail-Rodamco-Westfield, the owner of Westfield London and Westfield Stratford shopping centres, has announced it will immediately look at reducing its presence in the US and
Marks & Spencer

Marks & Spencer hires new Clothing and Home Financial Director

Marks and Spencer has confirmed the appointment of Khurram Uqaili as Financial Director for Clothing and Home, following the announced departure of Shaun Wills. Uqaili
Shaun Wills

Shaun Wills to return to Superdry as Chief Financial Officer

Superdry has confirmed the appointment of Shaun Wills as Chief Financial Officer, returning to the role he previously had at the company between 2012-2015. Shaun
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.
JD Sports

JD Sports: 1,000-job warehouse to be built in EU due to...

JD Sports has said the impact of Brexit has been “considerably worse” than feared and that it plans to open a warehouse site in the EU amid the impact of red tape and delays.
Notonthehighstreet.com

Notonthehighstreet sold to US private equity firm as sales enjoy pandemic...

Online personalised gift retailer notonthehighstreet has been bought by a US private equity firm after seeing annual sales jump 50% thanks to the surge in internet shopping.
South Molton Street

Consumer spending in January fell 16.3% as Lockdown 3 measures hit

Consumer spending declined by 16.3% year-on-year in January – the sharpest drop since May, 2020, as the retail, hospitality and travel sectors felt the full impact of the latest national lockdown measures, according to Barclaycard.
Oxford Street

Retail sales slide in January as lockdown restrictions hammer stores

Retail sales slid in January as the latest national lockdown hammered shops across the UK, according to new figures.
Garden Trading Company Joules

Joules diversifies into home and garden with The Garden Trading Company...

Joules has diversified into the home and garden market with the acquisition of The Garden Trading Company, a digitally led retailer of home and garden products inspired by the British countryside.
Oxford Street

“Escalating lockdown fatigue” boosts UK footfall

Footfall across all UK retail destinations rose by +6.7% last week, 31 January – 7 February, 2021, as lockdown fatigue grows and the UK edges closer to a new government “roadmap out of lockdown” announcement.
Topshop Oxford Circus Arcadia

Former Arcadia staff to launch legal battle over redundancies

A group of more than 150 former Arcadia staff are to launch a legal battle against Sir Philip Green’s retail empire over their redundancies.
Tesco

Tesco leads call for online digital sales tax as retailers demand...

Tesco has called for a 1% online sales tax to be applied to digital retailers ahead of the Chancellor's spring Budget.
Dorothy Perkins Arcadia

Boohoo buys Dorothy Perkins, Wallis and Burton in £25.2m deal

Boohoo has finalised the purchase of Dorothy Perkins, Wallis and Burton completing the sell-off of brands from Sir Philip Green's collapsed Arcadia fashion empire.
Retail sales high street

Fashion sales plummet again

Fashion total like-for-like sales declined -12.1% in January 2021, falling from a solid base of +7.7% in January 2020, according to BDO’s High Street Sales Tracker.
Visitors to Oxford Street, January 2021

Shopper footfall goes from “bad to worse” in January due to...

Retail footfall went “from bad to worse” in January as shoppers stayed at home during the latest national lockdown, according to new figures.
French Connection

French Connection receives potential takeover bids from two suitors

French Connection has revealed it has been targeted with two takeover approaches from investment specialists.