Day: 18 November 2019
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Nov- 2019 -18 NovemberEconomy
Conservatives pledge business rates review
The Conservative Party has pledged a business rates review which aims to “reduce the burden” on UK businesses, as part of its election campaign. It said business rates are one of the “top concerns” of British businesses, and added that a Conservative majority Government will launch a “fundamental review” at…
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18 NovemberComment
Mothercare: what was its formula for failure?
Last week it was announced that Mothercare, a constant of the British high street for over 50 years, had become the latest retail casualty — with all of its 79 stores set to close. But what went wrong for the maternity and baby brand? Mothercare is one of many brands…
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18 NovemberHigh Street
Mike Ashley to seek turnover rents across Sports Direct Portfolio
Sports Direct owner Mike Ashley is reportedly seeking rent agreements with landlords that will see them linked to store performance. According to the The Sunday Times, Ashley has asked landlords to turnover rent agreements that will see up to 15% of the rent paid linked to store sales. It is…
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18 NovemberDepartment Stores
John Lewis and Waitrose to launch first ever concept store
John Lewis and Waitrose have announced the launch of a new ‘concept’ store, set to open in Southampton later this week. The John Lewis Partnership said the store hopes to create “experience playgrounds” for customers, with greater focus on increasing hands-on experiences whilst shopping. The store will incorporate multiple new…
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18 NovemberClothing & Shoes
Shoenvious launches in the UK
The luxury women’s shoe retailer Shoenvious is set to launch in the UK. The company, which allows customers to design and customise their own “one-of-a-kind” pair of shoes using an online 3D shoe designer, was founded in Dubai 2018 by husband and wife partnership Andrew and Saudin Noddings. Shoenvious currently…
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