Wales
This coverage highlights retail developments and economic trends specific to Wales, examining store openings and closures, regional sales performance, employment issues, and policy changes affecting the retail sector. Reporting provides retail managers and executives with insights into the unique challenges and opportunities shaping retail operations across Welsh towns and cities.
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Oct- 2021 -1 OctoberProperty
Briscombe Retail Park sold for £1.35m
Briscombe Retail Park has announced that it has been sold to a local private property company for £1.35m. Savills completed the sale on behalf of VCD Asset Management, with the price reflecting a net initial yield of 5.63%. The multi-let retail park comprises 3,847 sq ft of accommodation and is…
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Sep- 2021 -15 SeptemberHigh Street
BRC urges gov to act now to stop shop worker abuse
The British Retail Consortium (BRC) is calling on the government to honour the commitment it made in the House of Commons to address the issues of rising violence and abuse against shop workers and “ensure that they have better protection under the law”. The BRC has made the plea ahead…
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10 SeptemberHigh Street
UK economic growth slows, ONS reveals
UK economic growth slowed down in July, growing by 0.1% compared with 1% in June 2021, according to the latest data by the Office of National Statistics (ONS). With the spread of the Delta variant and the “pingdemic” taking its hold in July, gross domestic product (GDP) still remains 2.1%…
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6 SeptemberHigh Street
Nearly 50 high-street stores closed a day in H1, study finds
Over 8,700 chain stores have disappeared from UK retail locations in the first six months of 2021, equating to over 47 stores a day, according to the latest PwC research compiled by the Local Data Company (LDC). The research showed that in total, 3,488 shops opened compared with 8,739 closures,…
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Aug- 2021 -25 AugustHR
UK must follow Scottish example to protect retail workers, says BRC
The British Retail Consortium (BRC) has called upon the UK Government to follow Scottish Parliament in implementing legislation that will better protect retail workers. The new Protection of Workers (Retail and Age-restricted Goods and Services) Act 2021 was unanimously passed in Holyrood, and came into effect on 24 August. Its…
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24 AugustHigh Street
Tesco expands soft plastic sustainability initiative
Tesco has launched a new sustainability initiative whereby shoppers at all of Tesco’s large stores will be able to bring back any soft plastic packaging for recycling. The supermarket expects to collect more than 1000 tonnes a year and will “recycle as much of this material as possible” back into…
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18 AugustClothing & Shoes
Monsoon Accessorize to continue trust support in Afghanistan
Monsoon Accessorize has confirmed that the Monsoon Accessorize Trust will continue to support education projects and communities in Afghanistan following the Taliban’s takeover of the country this past week. The trust has been supporting women and children’s education projects in Kabul for over 20 years, most recently committing to fund…
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4 AugustComment
Why the coming economic boom will be bigger than we think
The world has been turned upside down in the past 18 months, making predictions a tougher game than ever. Economists are used to using metrics like inflation, consumer spending or job markets to predict what would happen. In this new world of Covid, furlough and post-Brexit trade, traditional measures are…
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Jul- 2021 -19 JulyHigh Street
Footfall set to spike amid ‘Freedom Day’
Footfall across the UK is set to rise by 19.7% this week in the wake of ‘Freedom Day’, according to the latest data from Springboard. It comes as restrictions are set to be lifted in England from today (19 July) onwards. According to Springboard, whilst the removal of restrictions in…
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2 JulyCoronavirus
450,000 businesses to be hit by tapered support measures
The retail sector is set to be hit by the tapering off of government support measures, with businesses now set to contribute 10% towards the cost of furlough following measures that came into effect yesterday (1 July). The move will affect an estimated 450,000 businesses, including many retailers, according to…
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