Coronavirus
-
Jun- 2021 -4 June
End commercial rents stalemate, urges CBI
The CBI has urged occupiers and landlords of commercial properties to collectively take “decisive” action to address commercial rent challenges on the path towards a full economic reopening. Whilst it believes most tenants should resume paying rents as normal when emergency legislation protecting from evictions and statutory demands ends on…
Read More » -
2 June
Two-thirds of retailers face legal action in july over rents, warns BRC
Two-thirds of retailers have been told by landlords that they will be subject to legal measures from July, once the moratorium on aggressive debt enforcement ends, according to the British Retail Consortium (BRC). Research conducted by the group shows that 30% of retailers have already faced County Court Judgements (CCJs)…
Read More » -
May- 2021 -21 May
Ikea and Primark most searched for brands since reopening, study finds
Ikea and Primark have been the most searched for brands following restrictions being lifted in April, according to new data from Dojo which has revealed the UK’s spending habits. The UK payment provider analysed Google search volumes to reveal the most in-demand brands post-lockdown, and which activities Brits were looking…
Read More » -
18 May
Landsec swings to £1.39bn loss amid pandemic
Land Securities has fallen to a pre-tax loss of £1.39bn in the full-year ended 31 March, 2021, in results that “clearly reflect the challenges” of the pandemic over the period. As the vast majority of its portfolio was either closed or “substantially unoccupied” amid ongoing lockdowns, revenue plummeted 39.4% to…
Read More » -
17 May
UK to spend £2.5bn this week as restrictions ease
The UK is set to collectively spend £2.5bn this week as indoor hospitality reopens and restrictions further ease, giving a “much-needed” boost to the high street. According to a new VoucherCodes.co.uk report, conducted by the Centre for Retail Research (CRR), 104 million people are predicted to visit hospitality venues this…
Read More » -
10 May
PM confirms further easing of restrictions from 17 May
Prime minister Boris Johnson has confirmed that indoor hospitality can return next week as the government moves ahead with the next step in its roadmap out of lockdown. From the 17 May, six people or two households will be allowed to meet inside, whilst indoor hospitality will also be able…
Read More » -
6 May
Retail workers suffer worst mental health of any employee group
Retail staff in the UK are currently suffering among the worst mental wellbeing of any employee group, according to the industry charity retailTrust. The survey of nearly 1,300 retail employees revealed their average wellbeing levels are much lower than in people who work in other industries, with 84% of workers…
Read More » -
Apr- 2021 -23 April
Retail sales continue recovery in March
Retail sales volumes continued to witness recovery in March, with an increase of 5.4% against the previous month, according to the latest figures from the Office for National Statistics. The latest figures reflect the effect of the easing of coronavirus restrictions on consumer spending, with sales 1.6% higher than February…
Read More » -
21 April
Over two-thirds of consumers plan to shop locally post-Covid
Shopify has found that over two-thirds of consumers will plan to shop locally following the pandemic, as it published the results of its survey into what shopping in the UK will look like post-Covid. Two-thirds (68%) of shoppers that were polled indicated that a store’s proximity will be an important…
Read More » -
20 April
Reopening week sees footfall jump by 87.8%
Footfall in UK retail destinations rose by 87.8% last week following the reopening of non-essential stores on Monday 12 April, according to the latest figures from Springboard. Springboard found that UK high streets experienced a 93.2% rise and shopping centres saw an even higher increase in footfall at 126.6%. In…
Read More »
