Research conducted by the Centre for Retail Research (CRR) has found shown that 188,685 retail jobs in the UK disappeared between the start of the first lockdown on March 23 2020 and March 31 of this year. 15,153 stores permanently closed their doors in the same period. 83,725 of the jobs were lost because of
The Cost of Lockdown to Retail: 188, 685 jobs and counting Read More »
Online fashion giant, Boohoo, has acquired the brand and website of Debenhams in a £55 million deal, which does not include any of the historic department store’s 118 high street stores or its 12,000 strong work force. The executive chairman of Boohoo, Mahmud Kamani, said: “This is a transformational deal for the group, which allows
Boohoo buys Debenhams brand and website for £55m. Read More »
Retailers up and down the UK could be facing their busiest day of trading so far this year as lockdown ends and the British public – barred from non-essential shopping for the past month – races out for Christmas gifts.
Retailers brace for Wild Wednesday Read More »
Founded on Bond Street, London, in 1778, the historic department store, Debenhams, faces imminent closure after its last remaining bidder, JD Sports backed out of the deal.
Debenhams to close after 242 years on the high street Read More »
UK retail sales suffered their biggest quarterly fall in a year as the ‘Beast from the East’ kept shoppers away from the high street. Sales volumes fell 1.2% in March, compared with February. Sales of clothing, petrol and food all suffered, according to the Office for National Statistics. Fifteen major UK retailers or restaurant groups
Retail news round-up: Beastly sales; rates rises hit stores; Amazon in top five Read More »
Some of the UK’s biggest retailers have pledged their support for an action plan launched by the British Retail Consortium (BRC) called Better Retail, Better World. Those already signed up to the programme include John Lewis, Kingfisher, Sainsbury’s, M&S, Dixons Carphone, Next, Boots, Aldi, Co-op, House of Fraser, Fenwick, Ikea, Lidl, Morrisons, Ocado, WHSmith, Wilko,
Better Retail, Better World Read More »
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