It’s become something of a 2020 tradition for retailers to coincide new store openings with post-lockdown reopenings and on Wednesday, as England’s stores welcomed shoppers back, there were three fashion-linked debuts.
The UK's business secretary, has pledged support for those affected by the Arcadia administration filing. He didn’t mention Debenhams, but it's to be assumed there will also be support for those hurt by its failure.
Supermarkets giant Tesco said on Wednesday that it’s repaying the £585 million worth of business rates relief it received from the government as part of the retailer support offered during lockdowns this year.
As non-essential shops in England open on Wednesday after the latest lockdown, Cath Kidston is making it an even more momentous occasion as the company is returning to London with the reopening of its global flagship.
The New York-based fragrance company announced its financial guidance for fiscal 2021 on Tuesday, revealing hopes for a 49.1% year-over-year increase in diluted earnings per share after a difficult 2020.
Despite a global events business decimated by Covid-19 in 2020 and an outlook of “disruption” in its events schedule in 2021, Pure London owner Hyve Group was in a positive mood Tuesday as it delivered its final results.
The end of tax-free shopping for tourists in its current form is a step closer. The High Court has dismissed a claim that the government didn't consider the “devastating impact” of the rule change on retail and travel.
As shops in England prepare to reopen on December 2, the big names are going the extra mile to encourage consumers into physical spaces after a year in which enforced closures have devastated visitor traffic and sales.
Arcadia is now operating in administration with speculation that Boohoo, Frasers, Next and M&S would be interested in buying parts of it. There are also fears over the knock-on effect on its suppliers.
The end of England’s second lockdown can’t come quick enough for store retailers. As they brace themselves for a three-week pre-Christmas shopping frenzy, they’re already having to play serious catch-up.