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Retail

  • UK lockdown: Zoos and drive-in cinemas could reopen from 15 June

    June 10, 2020

    Prime Minister Boris Johnson is today expected to outline which sectors of the UK economy will reopen after lockdown on 15 June, such as zoos and drive-in cinemas. The UK is slowly reopening its economy after it entered lockdown on 23 March, leading to the widespread closure of restaurants, pubs, gyms, cafes and most shops [...]

  • Retailers get ready to reopen – but shoppers may be too scared to visit

    June 10, 2020

    Shops across the country may be preparing to finally reopen their doors next week, but fears are growing that the British public will be too anxious to actually visit them after spending months under coronavirus lockdown. Those concerns have today been laid bare in a survey of more than 1,000 consumers, which suggested many people [...]

  • Hovis owners set to sell bread brand for up to £150m

    June 9, 2020

    Hovis could reportedly be sold for as much as £150m as its owners look to offload the business later this year. The brand’s biggest shareholder The Gores Group, has hired bankers to sell its controlling 51 per cent stake which it acquired six years ago, according to Sky News. The investment firm is understood to [...]

  • Hospitality industry asks government for financial support to overcome rent deadlock

    June 9, 2020

    The hospitality industry has warned there will be significant job losses and business failures unless the government provides financial support to overcome the rent stand-off between landlords and tenants. Trade body UK Hospitality has said that a continued “stalemate” between landlords and tenants on the matter of unpaid rent needs to be resolved or reopening [...]

  • Theme parks set to open before schools

    June 9, 2020

    Legoland, Thorpe Park, Alton Towers and Chessington World of Adventures are set to open next month, ahead of schools in England.  The four theme parks, which are all owned by Merlin Entertainment, plan to open their doors to the public on 4 July after months of closure due to the coronavirus crisis. Today, the government [...]

  • Three more Debenhams stores to stay closed when lockdown eases next week, bringing total to 20

    June 9, 2020

    Debenhams will not reopen three more stores when lockdown restrictions on retailers are eased next week, in a move that will cost around 300 jobs. The news brings the tally of Debenhams outlets that will stay closed next week to 20. It comes after the retailer failed to agree terms with the landlord, embattled shopping [...]

  • Founders and chief executive buy back control of supermarket giant Iceland

    June 9, 2020

    The founding family and boss of Iceland Foods have teamed up to take back full control of the supermarket’s shares, following the chain’s revenue boom amid the coronavirus pandemic. Chief executive Tarsem Dhaliwal and founder Malcolm Walker have today bought out South African investment firm Brait’s 63.1 per cent stake in Iceland for £115m, making [...]

  • Retailers suffer ‘another month of struggle’ in May amid coronavirus lockdown

    June 9, 2020

    Retailers endured a second consecutive monthly drop in sales in May, as the high street continued to suffer from the effects of the coronavirus lockdown. The British Retail Consortium (BRC) said sales fell 5.9 per cent last month compared to May 2019.  The monthly health check found record growth in online sales, as retailers continued [...]

  • DEBATE: Is the proposal to suspend Sunday trading laws misguided?

    June 9, 2020

    Is the proposal to suspend Sunday trading laws for a year misguided? Rachael Maskell, Labour MP for York Central, says YES. Shop workers have been at the forefront of responding to our needs during this crisis. They immediately stepped up to meet the demands in their communities to ensure that everyone was able to receive [...]

  • Coronavirus: Cabinet ministers ‘push to cut two metre social distancing rule’

    June 9, 2020

    A majority of Boris Johnson’s cabinet ministers are said to be putting pressure on Downing Street to relax the two-metre social distancing rule to contain coronavirus. The Prime Minister, who will chair a cabinet meeting today, is thought to be sympathetic to calls to dispense with the two-metre rule, amid a clamour from the hospitality [...]

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