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
Alan Monahan writes: These days we hear so much about campaigns to ‘Save the High Street’ that I suspect there are people – some in our own industry – who have almost taken it for granted that there is little future for shops in Britain’s towns and villages. But hang on a moment. Are
Retail Reflections: Gift shops in women’s clothing; Brexit advice; banking blues Read More »
As an incentive for people to shop in person and for online retailers to lease physical stores, international property firm Colliers International suggests that the government should create a two-tiered VAT system where shoppers would be charged 15% for purchases in stores and 22.5% for online transactions. Meanwhie, Tesco chief executive David Lewis has again
A survey by the Nottingham Building Society has revealed that 46% of shop owners blame the closure of local bank branches in the last three years for damaging their businesses, while 24% said it contributed to them going out of business within the last five years. Retailers are also being hit by lower footfall, with
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 »
Dr Tim Denison, director of retail intelligence at Ipsos Retail Performance, believes that retailers are in ‘a tricky place and have little choice but to continue to discount’, reflected in the -0.3% fall in non-food prices in April over March. British Retail Consortium chief executive Helen Dickinson says that ‘seeing online and stores as two
Retail news round-up: Discounting; route to better service; help in the supply chain Read More »
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