All High street & town centre articles – Page 8
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NewsLiverpool footfall plummets to July levels in first week of Tier 3 restrictions
Footfall in Liverpool has plunged to levels last seen at the end of the national lockdown in the summer, in the week since it became the first city to be placed into the government’s highest tier of Covid-19 restrictions.
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News
Retail footfall slumps as three-tier Covid restrictions take effect
The government’s three-tiered Covid restrictions have had an “immediate impact” on retail footfall across the UK after coming into force late last week.
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Pret to axe another 400 jobs amid ‘setback’ in Covid recovery
Pret a Manger is to axe another 400 jobs and shut six more stores as it wrestles with the damaging impact of the coronavirus crisis.
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London mayor warns of ‘inevitable’ tighter restrictions across the capital
London mayor Sadiq Khan has said it is almost “inevitable” that the capital will face tightening restrictions from next week as Covid-19 cases continue to grow across the UK.
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Footfall increase slowed by rule of six and 10pm curfew
Retail footfall across the UK slumped over the last five weeks as the government’s new restrictions on hospitality took their toll.
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Landlords mull legal action against retailers as rent slumps to new lows
Landlords are considering taking action against “well capitalised” retail businesses refusing to pay rents under the cover of the government’s moratorium, as takings for yesterday’s September quarterly rent day slid to just 12.7%.
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Revo chief executive warns of £2bn retail rent blackhole
Revo’s chief executive has warned of the consequences of retailers not paying rents, saying landlords are facing a £2bn arrears blackhole that will have knock-on effects across the industry.
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Analysis
Analysis: How Greggs and Hotel Chocolat are creating new recipes for success
With the coronavirus pandemic laying waste to once-thriving city centres and travel hubs across the UK, both Greggs and Hotel Chocolat offer insights into trading in the new normal
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Retail industry decries ‘missed opportunity’ in Sunak’s winter economy plan
Retail membership organisations and stakeholders have said the chancellor has missed an opportunity to help the retail sector with his winter economy plan.
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Rishi Sunak unveils new support scheme to protect ‘viable’ jobs
Chancellor Rishi Sunak has unveiled his new job support scheme in Parliament, in a bid to stave off a spike in job losses once the current furlough scheme ends.
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Events
Grocers sales to benefit from hospitality curfews and working from home reversal
Grocery retailers are set to be the big winners from the latest round of government restrictions on hospitality venues, with sales settling in excess of 25% above pre-Covid levels.
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Face coverings to become mandatory for retail staff from this week
The prime minister has announced that all retail staff working in stores will need to wear face coverings from this week or retailers will face severe fines of up to £10,000.
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Revo calls on government to cap business rates at 30% as part of consultation
Revo has called on the government to cap business rates at 30% and to extend support measures beyond April next year as the first part of the reform consultation period closes.
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Prime minister set to announce 10pm curfew for bars and restaurants
All pubs, bars and hospitality venues will be forced to close at 10pm across the UK from Thursday to help curb the spread of the coronavirus.
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Analysis
Analysis: Can retail survive a second national coronavirus lockdown?
As Covid restrictions tighten and the prospect looms of further ‘circuit breaker’ measures, Retail Week looks at how the industry would fare in a second lockdown.
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Video
Face time: Andy Street on reinventing city centres and John Lewis’ Birmingham closure
Mayor of the West Midlands and former John Lewis managing director Andy Street tells Retail Week why he thinks ‘reimagined’ city centres have a bright future and talks of his surprise that his former employer chose to shut its Grand Central store.
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Government extends commercial evictions ban until the end of 2020
The government has extended its moratorium on commercial tenant evictions until the end of 2020 in a move that will likely further deepen divisions between retailers and landlords.
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New Look CVA gets green light from landlords saving over 11,000 jobs
New Look has had its company voluntary arrangement (CVA) seeking to move over 400 of its stores on to turnover-based rents approved by creditors, saving over 11,000 jobs.
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Analysis
Analysis: The local councils on a mission to revive shopping centres
While shifting customer behaviours and now coronavirus have taken a heavy toll on traditional shopping centre owners, Retail Week looks at the councils and retailers seeking to revitalise these spaces.
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New Look landlords accuse retailer of inconsistency as CVA teeters
New Look is facing an uphill battle in convincing landlords to vote in favour of its CVA, with many store owners growing increasingly disgruntled about the retailer’s perceived lack of transparency in negotiations.
