Coronavirus

Inflation slows to 2% in July

Inflation slowed to 2% in July down from 2.5% the previous month, according to the latest figures from the Office…

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Footfall stalls due to ‘turbulent’ July weather, says BRC

Total footfall across the UK declined 28% for the four weeks to 31 July 2021 when compared to the same…

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Amazon growth slows in Q2

While sales in Amazon’s second quarter soared by 27% to $113bn (£81bn) against 2020, growth slowed down from a 44%…

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Hotel Chocolat raises profit forecast amid sales boom

Hotel Chocolat has anticipated that its underlying pre-tax profit for FY21 will be “higher than its previous expectations” amid a…

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Retail sector valuations in the current climate

The current pandemic has caused widespread disruption to the retail sector, with many struggling to maintain a healthy cashflow and revenues and profits down…

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Return to restaurants sees retail sales fall by 1.4%

UK retail sales fell by 1.4% between April and May, following a sharp increase in April when retail restrictions were…

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Sunak to reject furlough extension calls despite ‘freedom day’ delay

Chancellor Rishi Sunak is reportedly set to reject calls for an extension of the furlough scheme and business rates report…

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Selfridges owners considering £4bn sale

The owners of Selfridges department store, The Weston family, are reportedly considering a £4bn sale of the property. According to…

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Card Factory swings to £16.4m loss in 2020

Card Factory has reported a pre-tax loss of £16.4m for the full-year ending 31 January 2021, down from £65.2m profit…

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RSM retail head calls for ‘more flexible furlough scheme’

Jacqui Baker, head of retail at RSM, has called for a more “flexible furlough scheme” to allow retailers to “manage…

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