Coronavirus
Coronavirus covers the ongoing impact of the Covid-19 pandemic on the UK retail industry. This section explores how retailers have adapted to shifts in consumer behaviour, operational disruption, and regulatory change. Retail Sector’s Coronavirus coverage includes news, analysis, and commentary on supply chain challenges, workforce management, financial recovery, and digital transformation, providing retail professionals with insight into how the sector continues to rebuild and evolve in the wake of the pandemic.
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Mar- 2020 -24 March
Drop in footfall three times higher than worst recorded, says Springboard
Springboard has revealed that the annual change in footfall last week represented an “unprecedented decline” that was three times greater than the worst previously recorded. The retail intelligence company said that we are starting to see the “true impact” of coronavirus on consumer activity. It added the result for the…
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24 March
Coronavirus Job Retention Scheme – Advice for employers
Nigel Morris, tax director at MHA MacIntyre Hudson explains how employers can access the Job Retention Scheme (JRS) to continue paying 80% of the salary for employees that would otherwise have been laid off or made redundant, the practical next steps and potential complications of the scheme. Key points include:…
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24 March
Contactless spending limit to rise to £45
Barclaycard has announced it will be rolling out the deployment of a new £45 contactless limit across UK retailers from 1 April 2020. The payments provider, which enables almost half of the UK’s credit and debit card transactions, said that the increased threshold would “help to prevent” the spread of…
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23 March
PM bans ‘non-essential retail’, instructs public to stay at home
The UK public are only allowed to venture out of their homes for essential supplies and one exercise outing per day, or face fines, under new measures introduced this evening by the prime minister. In a recorded address filmed in No 10 Downing Street, Boris Johnson said the police will…
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