Retail News

17 million UK consumers expected to permanently shop online post-Covid-19

Some 17.2 million British consumers plan to make permanent changes to the way they shop, as perceived risks of contracting…

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Just 13.8% of retail rent collected on June quarter day

Landlords received just 13.8% of rent owed by the UK retailers on this quarter’s rent date, compared with the 19.8%…

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Employers given 30 days to ‘confess’ to furlough abuses

Legislation is currently being fast-tracked to allow HMRC to reclaim any furlough money overpaid to employers, or not spent on…

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The Retail Mutual launches #OpenForBusiness campaign to support independents

The Retail Mutual has launched a social media campaign to support independent businesses, after non-essential retailers were permitted to reopen…

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Covid-19 to add £5.3bn to UK e-commerce in 2020

The surge in online shopping caused by the Covid-19 pandemic is expected to add £5.3bn to UK e-commerce sales this…

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Majority of SMEs believe UK is headed for deep recession post-pandemic

Almost seven in 10 (69%) small business owners believe the UK is heading for a deep recession following the coronavirus…

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Consumer spending drops 26.7% year-on-year in May

Consumer spending contracted 26.7% year-on-year in May. This is according to new data from Barclaycard, which revealed that spending on…

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Retailers set to receive £430m worth of tax rebates

The Supreme Court has handed the embattled retail sector a £430m tax lifeline by upholding an earlier decision that cash…

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Johnsons Shoes Company enters administration

Johnsons Shoes Company, which operates 12 stores under the brands Johnsons Shoes and Bowleys Fine Shoes, has entered administration due…

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UK GDP expected to contract by 15% in Q2 2020

The UK economy is about to enter the deepest recession since the financial crisis, including the steepest quarter-on-quarter decline in…

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