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Coronavirus
PM confirms relaxation of two-metre social distancing rule
Boris Johnson has announced a reduction in the two-metre social distancing rule. In a speech in parliament this afternoon, the…
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News
Intu braces for administration
Intu has placed administrators on standby as a “contingency plan” in the event that discussions with lenders fail. Reports that…
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High Street
Mothercare seeks new lenders amid franchising plans
Mothercare has confirmed it remains “on track” to become a “profitable” international franchise operation, with plans to operate in around…
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News
Amazon UK boss to step down
The manager of Amazon UK has confirmed he is stepping down from the role, and is now set to assume…
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Coronavirus
Retail sales bounce back in May, says ONS
The volume of retail sales volumes “partly rebounded” in May, according to the latest statistics from the Office of National…
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News
Tesco offloads Polish arm
Tesco has confirmed the offload of its Polish business through its sale to Salling Group A/S. The transaction includes the…
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Clothing & Shoes
Boohoo snaps up Oasis and Warehouse
Boohoo has acquired the online businesses of Oasis and Warehouse, following a £5.25m cash transaction with Hilco Capital Limited. The…
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Clothing & Shoes
H&M sales halve in second quarter
H and M net sales halved in the second quarter of 2020, tumbling 50% to 28.7bn Swedish krona (£2.4bn) following…
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Coronavirus
Retailers to suffer for ‘some time to come’, says BRC
Footfall across the UK tumbled by 81.6% in May, as the British Retail Consortium (BRC) has warned that retailers may…
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Coronavirus
Poundstretcher faces CVA, 5,500 jobs at risk
Poundstretcher is facing a risk of closure across the majority of its estate, following news it is launching a CVA…
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