Popular now
Debenhams Group returns to growth amid PLT recovery

Debenhams Group returns to growth amid PLT recovery

Currys appoints Fredrik Tønnesen as Group CEO

Currys appoints Fredrik Tønnesen as Group CEO

Inditex sales rise 5.8% after strong start to summer trading

Inditex sales rise 5.8% after strong start to summer trading

BRC says national lockdown will be severe on businesses

BRC says national lockdown will be severe on businesses

On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

The British Retail Consortium (BRC) has released a response to the latest lockdown restrictions imposed by the government stating the “severity” it will have on businesses.

The restrictions announced yesterday (4 January 2021) force the closure of all non-essential retail, pushing the UK back into a lockdown similar to March.

Responding to the announcement of a national lockdown in England, Helen Dickinson, chief executive of the British Retail Consortium, said that the continued rise in Covid cases over the Christmas period was a “significant cause for concern” and that the need to act was right.

Dickinson said: “Retailers have been playing their part to make stores safe, spending hundreds of millions of pounds on coronavirus safety measures, including implementing social distancing measures and increased cleaning procedures.

“The government’s testing programme and a rapid roll-out of vaccines are the key to bringing an end to this cycle of lockdowns, and we have made clear to the government that the retail industry is willing to make its resources available to support this effort.”

She added: “The consequences of these latest restrictions – with non-essential retail already closed for several weeks – will be severe for many businesses who yet again face losing £2bn per week in sales. Already, 178,000 retail jobs have been lost in 2020, and with over 250,000 retail staff currently on furlough, that number could increase dramatically in the new year.

“Retailers want to trade their way to recovery but if they are forced to close then further financial support will be needed or many businesses will go bust and thousands of viable jobs will be lost. The biggest difference the government can make is to extend business rates relief from April for those hardest hit by repeated lockdowns.”

Previous Post
Edinburgh Woollen Mill owes creditors over £190m

Edinburgh Woollen Mill owes creditors over £190m

Next Post
Morrisons welcomes ‘strong’ festive trading

Morrisons welcomes ‘strong’ festive trading