High street – Page 35
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NewsCity snapshot: UK retail sales plummet as coronavirus crisis unfolds
UK retail sales have plunged sharply in March as the coronavirus crisis and resulting nationwide lockdown led to the worst drop on record. Plus, PZ Cussons warns of “significant” coronavirus impact as crisis boosts soap and hand wash sales but hits beauty division and all the rest of the latest news from the City.
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NewsSuperdrug launches same-day delivery for essential products
Customers can now opt for orders to be delivered later the same day within an eight-mile radius of 300 stores
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NewsCity snapshot: Intu misses out on rents as shopping centres shut
Intu received barely 29% of rents due on its UK properties as most retailers turned down the shutters due to the coronavirus pandemic. Plus, Casino posts annual profits growth, UK retail sales slow in February and all the rest of the latest news from the City.
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NewsB&M, Home Bargains, Poundland remain open due to food ranges
B&M, Home Bargains, Poundland and Poundstretcher continue to trade today thanks to their food ranges
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NewsContactless limit rises to £45 to help reduce coronavirus spread
The limit is set to rise from the current £30 on 1 April
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NewsCoronavirus: Hotel Chocolat to close all stores and switch to online
Co-founder and CEO Angus Thirlwell said he took the decision to keep staff and customers safe during the ongoing pandemic
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NewsCoronavirus: Greggs to close its stores tomorrow as weekly sales plunge 9.9%
Food to go chain Greggs has announced it will close its entire shop estate by the close of business on Tuesday 24 March in response to the coronavirus crisis
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NewsBusiness rates system means poor regions are subsidising London, claims BRC
In its latest call for radical reform in tomorrow’s Budget, the BRC said the government’s own figures showed the scale of …
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NewsCity snapshot: Food and healthcare sales spike amid coronavirus fears
Sales of food and healthcare products have edged higher at the end of February, amid growing concerns around the global coronavirus outbreak
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Comment & OpinionCan a land value tax save the high street?
There are easier and better solutions to the business rates conundrum
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Analysis & FeaturesCan a land value tax save the high street?
Opponents would rather see swift reform of the existing system, reducing the burden for retailers
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Comment & OpinionMillennial shopping habits are putting grassroots grocery at risk
Property developers’ ‘improving’ pressures are threatening thriving businesses, says Joanna Blythman
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NewsSuperdrug and Savers plan 80 new stores in 2020
Meanwhile a further 20 Superdrug stores are set to convert to Savers
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NewsHigh street failures blamed for soaring government redundancy payouts
The Insolvency Service last year paid out £346m to workers made redundant by the collapse of a company
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NewsHammerson offloads seven retail parks in £400m megadeal
The deal is the largest UK retail parks portfolio sale in a decade
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NewsRetail property group Revo joins calls for business rates overhaul
Revo is demanding an immediate reduction in the tax, which has risen from 34% to 50% of rateable values since 1990
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NewsUKHospitality demands business rates reform in upcoming Budget
The group said tens of thousands of jobs would be in jeopardy if the government failed to act
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NewsSuperdrug and Savers apprenticeship enjoys record-breaking year with 500 candidates
The sister retailers say the completion rate hit 10% above the national average
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News50 retail bosses including Burnley and Coupe write to Sajid Javid demanding business rates reform
The open letter urges the Chancellor to urgently scrap rules limiting how quickly business rates can fall in line with dropping rents
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NewsOne Below brings haulage in-house with new fleet of lorries
The Mercedes Actros trucks are delivering to One Below’s 60 stores across the UK