Popular now
Freemans defies high street slump with sixth year of festive growth

Freemans defies high street slump with sixth year of festive growth

Waitrose secures Surrey site with shopping centre acquisition

Waitrose secures Surrey site with shopping centre acquisition

WHSmith opens three new sites at Manchester and Liverpool airports

WHSmith opens three new sites at Manchester and Liverpool airports

Government announces eviction ban extension

Government announces eviction ban extension

In this episode we speak to Matt Dalton, consumer sector leader at Forvis Mazars. Matt discussed the biggest challenges facing the retail sector, from cost pressures and wage increases to polarised property markets and geopolitical shocks, and the ways in which retailers can best navigate these. We also explore how short-term cost-cutting could undermine long-term resilience, and how retailers can best remain agile and adaptable in unforecastable times.

Register to get 5 free articles

Reveal the article below by registering for our email newsletter.

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

The ministry of housing, communities, and local government has announced an extension to the ban of commercial evictions until 30 June.

Introduced by Robert Jenrick, housing secretary, the measure is intended to ensure businesses are supported upon reopening.

Alongside the commercial support package is a six-month notice period and bailiff enforced eviction ban extended to 31 May to protect residential tenants.

With 36% of retail workers currently renting, the measures have been implemented so as to protect jobs as businesses reopen and renters can return to work.

Jenrick said that “it is right” to continue supporting renters as the roadmap to recovery is realised, with the latest scheme adding to its £280bn economic package to “keep business running and people in jobs”.

While the Government said that its current position “is to support commercial landlords and tenants to agree their own arrangements” for paying off rent debts by 30 June, its has claimed that it is also “prepared to take further steps”.

Helen Dickinson, chief executive at the British Retail Consortium, said: “After months of lockdown, this announcement provides much-needed breathing space to retailers impacted most by the pandemic, many of which are sitting on rising rent liabilities. 

“Where new rent plans have not yet been agreed, tenants and landlords must use this final opportunity to reach a deal before 30 June.”

Previous Post
Very Group prepares for hybrid working model

Very Group prepares for hybrid working model

Next Post
JD Sports enters Eastern Europe with MIG acquisition

JD Sports enters Eastern Europe with MIG acquisition

Secret Link