All Policy & legal articles – Page 16
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NewsShoe Zone will close stores and slash jobs after profit warning
Struggling footwear retailer Shoe Zone has issued a profit warning and said it plans to close “a number of stores” due to increased costs related to the Budget.
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NewsRetail sheds 225,000 jobs in five years with Budget heaping on further pain
The sector shed over 225,000 jobs over the last half a decade, with the Budget set to heap further pain on retailers, warns the British Retail Consortium (BRC).
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NewsShein is eyeing ‘exemption’ from listing rules ahead of anticipated London IPO
Fast-fashion giant Shein is reportedly seeking an “exemption” from UK regulators in regard to overlooking listing rules that require at least 10% of its shares to be sold to the public ahead of its highly-anticipated London float.
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NewsShein’s London IPO is facing further delays due to new supply chain questions
The approval of Shein’s IPO has been delayed due to unanswered questions around its supply chain and legal risks as a result of challenges by a new advocacy group for China’s Uyghur population.
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NewsCurrys sees profits rise but it warns of “inevitable price rises” due to the Budget
Currys has recorded improved sales and profits but warned of the consequences of the new government’s Budget, which it described as “unwelcome headwinds”.
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NewsNearly half of retail employees considered quitting their jobs this summer
More than two in five UK retail employees were at risk of quitting their jobs this summer, a double-digit increase on the year before.
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NewsChancellor sticks to her guns at Budget meeting with retail leaders
Retail representatives have met chancellor Rachel Reeves to detail industry concern over the extra costs imposed in the recent Budget.
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NewsMarks & Spencer jubilation at flagship store redevelopment victory
Marks & Spencer has won approval to redevelop its flagship Marble Arch store on London’s Oxford Street.
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NewsPolice investigating Boohoo stalking allegations
Police have been called in to investigate allegations of stalking and “corporate espionage” made by several Boohoo Group executives.
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NewsThe chancellor has admitted national insurance rise won’t be ‘easy’ for businesses
Chancellor Rachel Reeves has said the increase in employers’ national insurance contributions announced in the Budget will not be “easy” for businesses to absorb.
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NewsMike Ashley is facing HMRC in court after being ‘stonewalled’ over personal data request
Retail tycoon Mike Ashley was “met with a complete stone wall” following a request to HM Revenue & Customers (HMRC) for personal data relating to a tax dispute, the High Court has heard.
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Opinion‘After years of erosion, it’s time to reclaim retail’s lost profit pool’
Retail’s profit margins have been eroded over years, but OC&C’s Matt Coode has some imaginative ideas about how they can be boosted by embracing the great position of strength retailers hold as a window to the consumer
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NewsLords committee recommends looking ‘beyond retail’ for high street success
A House of Lords committee envisages that thriving high streets will be less dependent on retail in future, although shops will remain key to their success.
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Opinion‘The Lords committee believes high streets can flourish again – this is why’
The challenges faced by high streets are surmountable if change is embraced, believes Lord Moylan, chair of the House of Lords’ Built Environment Committee, as he publishes the findings of a committee inquiry on the subject
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NewsACS writes to chancellor to warn that smaller retailers face ‘pretty bleak picture in 2025’
The chief executive of the Association of Convenience Stores has written a letter to chancellor Rachel Reeves warning that the Budget has left many smaller retailers facing a “pretty bleak picture in 2025”.
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ArticlePets at Home boss: we must look at ‘every lever’ to mitigate budget costs
Pets at Home boss Lyssa McGowan told Retail Week that the business would have to consider “every lever” as it looks to mitigate new costs imposed on retail by the Budget.
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NewsCMA finds that supermarket loyalty schemes do offer genuine value
The Competition and Markets Authority has ruled that supermarket loyalty schemes do offer customers genuine value for money, following an investigation into claims of price manipulation.
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AnalysisWhat are shellshocked retail c-suites doing to mitigate the Budget?
As anger at the recent Budget turns to, if not quite acceptance, at least reflection, Retail Week looks at how leaders and senior teams might mitigate its effects
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NewsIncreasing shop prices herald return of inflation, BRC warns
The British Retail Consortium has warned we are beginning to see the return of inflation due to the measures announced in the Budget, as shop prices rose in October.
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Retail VoiceBlack Friday needn’t be ‘Fraud Friday’ if AI is adopted to stop crime networks
With more than £9bn expected to be spent in the UK alone over the Black Friday weekend and approximately 10% estimated to be lost to fraudsters, Gowling WLG’s John Coldham examines how new technology can help