Next and M&S show that consumer behaviour isn’t set in stone July 1, 2020 Non-essential shops reopened on 15 June and most leisure attractions are due to reopen on 4 July, indicating a return to some resemblance of normality. There were long queues when high street favourites like Primark reopened, but have 12 weeks of lockdown changed the shopping habits of the British people? New YouGov data suggests that [...]
Retailers pay less than 15 per cent of rent for June quarter as property crisis deepens June 25, 2020 Britain’s retailers paid just 13.8 per cent of their rent for the last quarter, in a sign of how hard the coronavirus pandemic has hit the sector. Rent receipts on 24 June, the day commercial tenants’ payments were due for the quarter, were even lower than those three months ago, according to commercial property management [...]
Sadiq Khan urges PM to make face masks compulsory in shops as well as public transport June 18, 2020 Sadiq Khan has urged the government to force people to wear face masks in shops and other confined public spaces. The mayor of London wrote to Prime Minister Boris Johnson this morning, calling for an extension to the rule which requires people to wear face masks on public transport. He said: “With lockdown easing, it’s [...]
High street footfall jumps 50 per cent as shops reopen for business June 15, 2020 Britain’s high streets have enjoyed a 52 per cent jump in footfall this morning, after shops opened their doors for the first time since the coronavirus lockdown was imposed in March. So-called non-essential retailers reopened this morning after the much-anticipated easing of lockdown measures by the government. According to Springboard data, footfall across all retail destinations [...]
Shops reopen to long queues as social distancing measures come into force June 15, 2020 Retailers this morning flung open their doors to the public for the first time since the coronavirus lockdown was imposed in March. People formed long queues outside Primark outlets in London and Birmingham this morning before the shops reopened at 8am, in a signal that despite fears that footfall would be low initially, there was [...]
Boohoo gears up for row over chief executive’s £1m pay packet June 14, 2020 Fast fashion chain Boohoo is preparing for a potential investor revolt this week over a £1.04m payout to its chief executive. In a report issued to shareholders, Institutional Shareholder Services (ISS) recommended that investors vote against the group’s proposed remuneration policy. The advisory group said no explanations were provided by Boohoo for the size of [...]
Which retailers are reopening as the coronavirus lockdown lifts? June 12, 2020 After two months of being closed during the coronavirus lockdown, Britain’s high streets are coming back to life. Across the board, retailers across the country are working out how to get their businesses going again – and what measures they need to take to keep people safe. So what shops can customers expect to open [...]
Markets live: FTSE 100 gains fade on US-China tensions as Wall Street wobbles June 1, 2020 The FTSE 100 pared some of its gains amid simmering tensions between the US and China over Beijing’s crackdown on semi-autonomous Hong Kong. Despite the concerns, US President Donald Trump stopped short of ripping up the US-China trade deal over China’s actions in the city-state. However, stocks surrendered some of their earlier gains as reports [...]
Primark set to reopen all English stores on 15 June June 1, 2020 High-street stalwart Primark is seeking to reopen all of its 153 stores in England by 15 June, its owner Associated British Foods said today. The announcement came after the UK government reiterated its “roadmap” for reopening the economy. It said non-essential retailers can open from the middle of this month after a lengthy period of [...]
Shakespeare: Primed and ready? May 20, 2020 Budget fast-fashion retailer Primark has been one of the biggest players of the high street since rapidly expanding in the UK during the mid-noughties. According to YouGov Ratings data, Primark is sixth most popular fashion and clothing brand among Britons, while YouGov Profiles data shows two thirds of all Brits would consider purchasing clothes from [...]