The increase in online sales instigated by the global coronavirus pandemic has prompted Amazon to announce it would no longer ship what it considers to be ‘non-essential items’ in Italy and France and Amazon UK has been making similar noises as delivery drivers plead with the public to stop ordering non-essential items and fear warehouses
Amazon restrictions might be an opportunity for independents Read More »
The Financial Times has reported that landlords in the UK are threatening legal action as more and more of their retail and hospitality customers follow their US counterparts by withholding rent as the coronavirus crisis hits home. Many landlords have received below a third of their usual rent after the Government said tenants would be
Landlords are now hit as retailers withold rent Read More »
British supermarkets saw sales rise by up to 20% in March and made around £10.8bn in a boom which even beat Christmas, as consumers made 79million extra shopping trips and added £1.9bn to their spend. The closure of pubs and restaurants was the trigger which really set pandemic panic buying in motion. Sales of beer,
Sales beat Christmas for supermarkets, but at what cost? Read More »
High street banks are failing to support small independent retailers in the wake of the Covid-19 crisis, a new members’ survey by the British Independent Retailers Association (Bira) has revealed. Bira asked its members three key questions about the support they’ve received following the outbreak of coronavirus – and the results show a large majority
Bira members lament lack of support from banks, which should “hang their heads in shame” Read More »
Whilst many British retailers have welcomed measures such as rates relief, which might just enable them to survive the trauma of closing up for months this spring, across the pond some 47,000 American stores have pulled down their shutters and virtually all US retailers have informed landlords they will withhold or slash rents. For some
Shock to the retail system as shops close and exhibitions are cancelled or postponed Read More »
The Chancellor of the Exchequer, Rishi Sunak, has set out a package of temporary measures to support public services, people and businesses through this period of disruption caused by COVID-19. This includes a package of measures to support businesses including: A Coronavirus Job Retention Scheme; deferring VAT and Income Tax payments; a Self-employment Income Support
Limited Government assistance for hard-hit companies Read More »
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