After 50 years on British high streets Paperchase is on the brink of falling into administration, after a very difficult year for the specialist greetings card and stationery retail chain. The second lockdown in November was a bitter blow for the retailer, which makes a large proportion of its sales in that month. Along with
Paperchase faces administration Read More »
German shops sold more in November 2020, while the unemployment rate was lower than expected over December, according to figures from the Statistisches Bundesamt (Federal Statistical Office) and the Bundesagentur für Arbeit (Federal Employment Agency). German shops reported a 5.6% increase in revenue compared to the same month in 2019 and 1.9 percent compared to
German retail sales rose 4.1 percent in 2020 Read More »
Chancellor Rishi Sunak has announced £4.5 billion will be made available in new grants for businesses required to close due to the national lockdown restrictions. The new one-off grants come in addition to billions of existing business support, including grants worth up to £3,000 for closed businesses, and up to £2,100 per month for impacted
Chancellor announces £4.6 billion in new lockdown grants and 100 percent rates relief Read More »
The Competition and Markets Authority (CMA) is scrutinising eBay’s £7 billion deal with Norwegian business, Adevinta, as part of a crackdown on digital monopolies. The deal involves the sale of eBay’s classified ads division to Adevinta for £1.8 billion in cash and 44 per cent of the combined firm. The deal includes Gumtree and Motors.co.uk,
eBay faces CMA probe over £7bn advertising deal Read More »
Director of the Scottish Retail Consortium, David Lonsdale, has responded to news announced by the Scottish Government about a further round of Covid restrictions, including the tightening of the definition of essential businesses and extending the lockdown on mainland Scotland until the end of January. It comes two weeks after the decision to put mainland
Scottish Retail Consortium responds to further restrictions Read More »
Shops in tier four towns and cities, which faced a nightmare scenario by being put into lockdown ahead of Christmas, saw footfall nosedive by 72 percent compared with the same period in 2019. In London and other large city centres across the UK, losses were as high as 81.8 percent year-on-year. The massive loss in
Tier four towns suffer 72 percent footfall crash Read More »
We use cookies to improve your experience on our site. By using our site you consent to cookies.
See our privacy statement for more information
By signing up to our newsletter you agree with our privacy policy