Government
This coverage examines government actions, policies, and regulations affecting the UK retail industry. Reporting highlights legislation, consultations, economic measures, and public statements with direct implications for retail operations, employment, taxation, and consumer behaviour. Tailored for executives and managers, it offers analysis to support strategic planning and compliance in a changing regulatory and economic environment.
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Dec- 2021 -3 DecemberDIY
Wickes ups profit guidance amid ‘strong’ Q4 sales
Wickes has increased its full-year earnings expectations after a “strong” fourth-quarter trading period, with profit expected to be no less than £83m. It revealed the firm has “benefitted” from its “balanced business model”, with sales in line with expectations. Delivered sales in Do It For Me (DIFM) are “strengthening” as…
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3 DecemberGovernment
Retailers welcome proposed tougher sentencing for shopworker abuse
The retail industry has welcomed proposed changes put forward by the government that would see tougher sentencing for those that assault shopworkers. Policing minister Kit Malthouse confirmed the government has tabled an amendment to the Police, Crime, Sentencing and Courts Bill, which states that courts must treat assaults committed “against…
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Nov- 2021 -18 NovemberNews
Card costs could soar £150m a year, BRC warns
Retailers in the UK and the EEA could now face an estimated £150m a year cost increase to accept cross-border card payments, with British retailers alone shouldering an extra £36.m, or £100,000 every day, the BRC has warned. The research, by retail payments advisory firm CMSPI, in conjunction with the…
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15 NovemberSupply Chain
Supply chain issues to last until 2023, APB warns
Supply chain issues could continue into 2023, the chief executive of the Association of British Ports (APB) has warned. According to the Sunday Times, APB CEO Henrik Pedersen, said he would be “pleasantly surprised” if the supply chain crisis was resolved before the end of next year, citing the fact…
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10 NovemberSupermarkets
Retail and Hospitality leaders sign UK soy manifesto
UK industry leaders from 27 major businesses, including all of the biggest UK grocery retailers – Tesco, Asda, Sainsbury’s, Waitrose, Marks and Spencer and Iceland – and a group of restaurant brands have signed the UK soy manifesto. This commits them to cutting deforestation and habitat destruction out of UK…
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9 NovemberComment
Post-pandemic future is looking bright for UK high Streets
Prior to the pandemic, there were concerns regarding the future of the high street. Now that social distancing restrictions have forced many hospitality and retail businesses to close their doors at least partially, these voices of concern have understandably amplified. And after the Autumn Budget announcement this week, these concerns…
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5 NovemberCoronavirus
£1.2bn to be spent in West End this Christmas, says NWEC
Despite a “strong recovery in footfall”, West End retailers are facing a “challenging festive period” due to the continued absence of high spending international travellers, with the New West End Company predicting just £1.2bn being spent this Christmas. The latest figures from NWEC, which represents 600 retail, restaurant, hotel and…
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3 NovemberClothing & Shoes
Depop confirms climate neutral status
Depop has announced it has been certified as a climate neutral company for the first time by climate solutions provider South Pole. The company said this “confirms that the company has successfully offset all material sources of scope 1-3 greenhouse gas emissions”. Depop has been retroactively offsetting greenhouse gas emissions…
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Oct- 2021 -26 OctoberNews
BPF calls for intervention to bring forward £8.5bn high street boost
The British Property Federation (BPF) has called for “immediate intervention” to bring forward an £8.5bn boost for UK high streets if the fundamental reform of business rates is delayed. It revealed that analysis from property advisor Avison Young shows that as a result of the next revaluation the total annual…
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22 OctoberSupermarkets
Asda to hold walk-in flu jab clinics
Asda has announced the launch of dedicated walk-in flu jab clinics in Asda Pharmacies, taking place from Thursday 21 to Saturday 23 October. The clinics will offer free jabs to those who are eligible on the NHS, which includes all over 50s, people who work in frontline or social care,…
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