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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Jan- 2021 -14 JanuaryHigh Street
Administrators finalise sale of Bonmarche
The joint administrators of Bonmarche have announced the completed sale of the company to Purepay Retail Limited, which is backed by an international investor consortium for an undisclosed amount. Damian Webb and Gordon Thomson, partners at the accountancy firm RSM, were appointed joint administrators to the company on 30 November…
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12 JanuaryGovernment
New top-up grants to be given to Scottish retail
Eligible Scottish retail firms that have been impacted by tier four restrictions are set to receive a one-off top-up grant from the Scottish government. A “financial lifeline” of £9,000 will be provided to businesses in the industry with a rateable value of over £50,001, while £6,000 will be given to…
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11 JanuaryHigh Street
Small retailers could fold without help, FSB warns
Small retailers are among the 250,000 UK small businesses set to fold without further help, a new report by the Federation of Small Businesses (FSB) reveals. According to data published in its Small Business Index (SBI), a “record number” of small business owners are planning to close their companies over…
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4 JanuaryHigh Street
Arcadia to offload flagship Topshop store
Arcadia Group has announced that Eastdil and Savills have been hired to oversee the sale of retail chain Topshop’s flagship store in central London. According to Sky News, Eastdil will reportedly handle the sale strategy for the building, whilst Savills will advise on future leasing options. It comes after the…
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Dec- 2020 -22 DecemberAnalysis
Planning for the Future White Paper
The Government published the Planning for the Future White Paper in August, hailing it as a once in a generation opportunity to fix a planning system that has long been regarded as not fit for purpose. Although the White Paper recognises that the planning system faces a number of challenges…
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10 DecemberSport & Leisure
Frasers Group reports 30% rise in half-year profits
Frasers Group has reported a 29.1% surge in after-tax profit to £84m in the 26 weeks to 25 October. The Mike Ashley-owned retail group said lockdown closures across its non-essential stores have resulted in a 7.4% drop in group revenue to £1.9bn. Over this period, Frasers Group’s sport retail business…
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9 DecemberComment
The building blocks of app commerce
As the UK Government brings in a new wave of regulations to try to limit the spread of the Covid-19 virus, retailers are entering their most competitive virtual holiday season yet. It is vital that retailers allocate enough focus and resource to their mobile apps as the channel that will…
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7 DecemberDIY
Kingfisher set to return business rates relief funds
Kingfisher has announced it intends on returning the full amount of business rates relief received to the UK and ROI as a result of the Covid-19 crisis. Kingfisher said its “total annual business rates bill” eligible for this relief is approximately £130m, of which £110m falls in FY 20/21 and…
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3 DecemberClothing & Shoes
Arcadia brings forward pension fund payment
The owner of Arcadia, Lady Christina Green, is set to bring forward a payment of £50m that will go into the collapsed group’s pension scheme. The £50m installment was originally scheduled to be paid in September of next year, but has been brought forward in light of the retailer’s collapse…
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Nov- 2020 -30 NovemberClothing & Shoes
Frasers Group offers £50m to Arcadia Group
Frasers Group has confirmed that it has offered Arcadia Group a rescue loan of up to £50m, amid news that Sir Philip Green’s empire is on the brink of collapse. The retail group may reportedly decline the offer, however, as a senior Arcadia Group source told the BBC: “If this…
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