All High street & town centre articles – Page 10
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AnalysisFour ways retail landlords are ditching the rents status quo
Like so much else in the retail sector, the pandemic has accelerated existing trends in the retail property market. Retail Week looks at the actions taken by landlords Hammerson and the Crown Estate, and what they mean for the future of the industry
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Analysis
Will ‘eat out to help out’ bring shoppers back to stores?
The government’s ‘eat out to help out’ scheme launched on Monday and there are hopes that retailers could feel a halo effect after diners flocked to shopping locations for a cheap bite.
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News
St Albans stores trial contactless window shopping
St Albans in Hertfordshire has brought contactless technology into its shop windows to help boost the economy while keeping shoppers safe.
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News
M&Co restructuring saves 2,200 jobs and 218 stores
Fashion retailer M&Co has completed a pre-pack administration deal, which saw it bought back by its Scottish owners the McGeoch family.
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News
WHSmith restructuring plans put 1,500 jobs at risk as sales plummet
WHSmith is in consultation with staff over restructuring that could lead to as many as 1,500 redundancies across the entire business.
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News
Amazon eyes further Go sites on Regent Street and suburban London
Amazon is in discussion with landlords about taking further Go sites on Regent’s Street and in more suburban areas in south west London.
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News
River Island mulls CVA as coronavirus hammers sales
River Island is the latest fashion retailer to consider undertaking a company voluntary arrangement due to the effects of the coronavirus on sales and store footfall.
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Analysis
Data: Week seven of trading post-lockdown – the data you need to know
Footfall across all shopping destinations in the UK inched up marginally last week due to a combination of mandatory face masks in stores and the unpredictable weather conditions.
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News
DW Sports blames coronavirus closures for collapse into administration
Sportswear retailer and gym operator DW Sports has collapsed into administration putting some 1,700 jobs at risk across its estate.
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News
Retail vacancy rates climb as government scales back relief funds
Vacancy rates across UK shopping destinations increased to 12.4% in the second quarter of 2020, compared with 12.2% in the first quarter.
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News
July shop prices fall as retail tries to lure shoppers back to high street
Shop prices have fallen for the fourteenth consecutive month, as retailers take to discounting to tempt customers back to stores.
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Analysis
Data: Week six of trading post-lockdown – the data you need to know
Footfall levels continued to inch up last week, despite the introduction of mandatory face masks and unseasonably wet weather over the weekend in England.
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News
Sunak ponders online sales tax to raise £2bn
Chancellor Rishi Sunak is considering an online sales tax to raise £2bn a year and level the playing field between digital and high street businesses.
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Analysis
Borrowed time: Is retail hurtling towards a credit crunch?
When the government shut all non-essential retail stores in March many businesses were forced to increase borrowing to simply stay afloat. But are these levels of debt unsustainable? Retail Week looks at whether retail is facing a ticking liquidity time bomb.
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News
Government issues new guidance on face coverings in England
The government has issued its full guidance on mandatory face covering in shops in England, less than 12 hours before the rules are due to come into force.
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Opinion
‘Retail can ill afford another business rates review that fizzles out’
As night follows day, the beginning of another financial year also brings another government review into business rates reform. However, with the sector reeling from the coronavirus, this latest call for evidence gives reasons for optimism.
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News
High streets could become housing hubs amid online shift, think tank says
Struggling UK high streets could be transformed into residential hubs as the shift to online shopping accelerates, a prominent think tank has suggested.
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News
Government opens call for evidence on business rates reform
The government has launched a call for evidence on possible future reform of the existing business rates system.
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News
Data: Week five of trading post-lockdown – the data you need to know
While footfall increased for the fifth straight week since non-essential stores were allowed to reopen, the level of increase appears to be tapering off and is still well short of normal levels.
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Video
Face time: Mercato Metropolitano founder Andrea Rasca on surviving lockdown
Mercato Metropolitano founder Andrea Rasca discusses how his business’ connection to community saved it from going under during lockdown and how to make social distancing work on the high street.
