Coronavirus

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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Iceland founder and CEO take full ownership after buying 63% stake

Frozen food retailer Iceland has announced that its founder and executive chairman Sir Malcolm Walker and chief executive officer Tarsem…

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Usdaw opposes government plans to open supermarkets full time on Sundays

Shopworkers union Usdaw has condemned government plans to let supermarkets open for 24 hours a day on Sundays as “a…

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Victoria Secret’s UK arm falls into administration placing 800 jobs at risk

Victoria’s Secret has announced it has drafted in Deloitte advisers as its UK division has fallen into administration, putting over…

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Government-backed loans to UK businesses reveals horrible truth

Due to the rapid spread of Coronavirus Disease (COVID-19) and the toll that it took, the world has been pushed…

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Online sales reach 10-year high

British retailers recorded a 10-year high for online sales in May while the continued lockdown measures kept high streets empty,…

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New Look enters talks with landlords seeking turnover-based rent

High street retailer New Look has reportedly entered talks with its landlords about switching to a turnover-based rent system. According…

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Hiring starts to pick up in retail industry as lockdown eases

Hiring has started to pick back up in the retail industry last month, with job vacancies advertised increasing by an…

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Coronavirus Diary: Moda in Pelle

As cases of coronavirus started to quickly rise in early March, we knew it was only a matter of time…

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