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 »
Intu Properties, owner of the UK’s largest shopping centres, including Lakeside and the Trafford Centre, has said it is ‘likely’ to call in administrators KPMG. The company owns 17 shopping centres in the UK and three more in Spain. The heavily-indebted company, which has seen revenues plummet during lockdown, has so far failed to reach
Intu at risk as lockdown hits the retail industry hard 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
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