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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Jun- 2020 -11 JunePeople Moves
CBI names Tony Danker as its next director-general
The CBI has announced that Dame Carolyn Fairbairn, who is stepping down as director-general in November, will be succeeded by Tony Danker, the current chief executive of Be The Business. Fairbairn had expected to complete her five-year term in September this year but agreed with the CBI board to extend…
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9 JuneHigh Street
Game to reopen stores across England and Northern Ireland
Game has announced plans to reopen all stores across England and Northern Ireland from Monday 15 June, in line with the latest Government guidance. The video game retailer said all stores in Wales and Scotland are ready to re-open, but will remain closed until current guidelines are lifted. Game is…
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9 JuneCoronavirus
Retailers face second worst month on record
May was another “testing” month for retailers, with total sales down by 5.9%, according to the latest BRC-KPMG retail sales monitor. The decline was less drastic when compared to April’s fall of 19.1%, but still marked the second worst decline recorded since the monitor began in 1995. Throughout the month,…
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5 JuneTips
Government-backed loans to UK businesses reveals horrible truth
Due to the rapid spread of Coronavirus Disease (COVID-19) and the toll that it took, the world has been pushed towards fear—halting life as we know it entirely. The blow on the economy was felt all across the world, with governments all over rushing to stem the pandemic to urge…
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5 JuneCoronavirus
Online sales reach 10-year high
British retailers recorded a 10-year high for online sales in May while the continued lockdown measures kept high streets empty, according to new figures by accountancy and business advisory firm BDO. According to BDO’s High Street Sales Tracker (HSST), total like-for-like sales, consisting of both in-store and non-store sales, declined…
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3 JuneCoronavirus
Biggest decline in shop prices since 2006
May shop prices tumbled at the fastest rate of decline since 2006, falling by 2.4% against a 1.7% decrease in April. This was “largely” driven by a sharp fall in non-food prices, which fell “sharply” by 4.6% in the period, compared to a decline of 3.6% the month prior. This…
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May- 2020 -26 MayCoronavirus
Non-essential retailers set to open in June
Thousands of high street shops, department stores and shopping centres across England are set to reopen next month once they are “Covid-19 secure” and can show customers will be kept safe, Prime Minister Boris Johnson has said. All non-essential retailers including shops selling clothes, shoes, toys, furniture, books, and electronics,…
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22 MayEconomy
Consumer confidence drops further in May
GfK’s long-running Consumer Confidence Index has decreased by one point to -34 for May, as the Covid-19 pandemic continues. The measure for the general economic situation of the country during the last 12 months has dropped seven points to -55, 25 points lower than in May 2019. Additionally, expectations for…
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19 MayClothing & Shoes
N Brown secures new funding as sales drop 25% since lockdown
Jacamo, JD Williams and Simply Be owner N Brown has revealed it has secured a new £50m funding facility as it looks to weather the impact of the coronavirus pandemic which saw its sales fall by 25% over the last six weeks. In a trading update the company said it…
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13 MayCoronavirus
Sharpest decline on record as sales fall amid lockdown
Total retail sales tumbled by 19.1% in the four weeks ended 2 May, according to the latest BRC-KPMG Retail Sales Monitor. This was a notable decrease against the 2.4% sales increase recorded the year prior, and the “worst decline recorded” since the monitor began in January 1995. Like-for-like retail sales…
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