Europeans are expected to significantly cut their spending in the Christmas season this year due to the COVID-19 pandemic, which hit their incomes, closed shops, and restricted social gatherings. According to data presented by Finaria.it, the lockdown measures are forecast to trigger an almost €30bn plunge in Christmas spending in the United Kingdom, Germany, and
Lockdown to trigger €30B drop in Christmas Spending Read More »
There are concerns for the future of Debenhams as the department store chain looks set to post the biggest loss in its 240 years history – almost £500million – and gets ready to close 50 of its 166 stores. The closures may results in as many as 4,000 job losses. There is now even more
June’s good weather resulted in a marginal year-on-year improvement in footfall across the nation’s high streets, delivering the second month of consecutive growth since November 2017. However, retail parks and shopping centres have had ‘an altogether more difficult time’. The overall trend of fewer visits to bricks and mortar stores remains, said British Retail Consortium
Retail news round-up: Footfall and sales; Boost for NEC; John Lewis ‘pilot stores’ Read More »
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