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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May- 2020 -21 MayHigh Street
Retailers set to receive £430m worth of tax rebates
The Supreme Court has handed the embattled retail sector a £430m tax lifeline by upholding an earlier decision that cash machines are exempt from business rates. The Court of Appeal ruled in November 2018 that cash machines within existing properties – whether internal or external facing – should not be…
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18 MayCoronavirus
Shoppers remain cautious amid lockdown easing, says Springboard
Footfall across bricks and mortar destinations increased by 3.3% between 11 May and 16 May, marking a “cautious” return of footfall, according to Springboard. The latest data from the insights group marked the fourth weekly footfall increase in six weeks, but was “more modest” than the rise of 11.7% in…
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11 MayHigh Street
Trouble ahead for retail vacancy rates, warns BRC
The British Retail Consortium (BRC) and Local Data Company has said the new BRC-LDC Vacancy Monitor has revealed that the rate of store vacancies increased to 12.2% in March. The monitor also reported a 0.3% decrease in vacancy rates in shopping centres to 14.1% compared with 14.4%. The South West…
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Mar- 2020 -4 MarchTips
Diving deeper into fall 2020’s menswear trends – what to know
Utility Clothing is Still Hot Businesses should refresh the design for the usual palette of khaki, olive, and tapenade colours and incorporate lighter and neutral tones to clothing. Premium brands can use simple leather ideas from Dior Homme for inspiration. For industrial designs, Y-Project attempts to take an alternative route…
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Feb- 2020 -28 FebruarySupermarkets
Aldi removes single-use plastic lids from own-label products
Supermarket Aldi has announced it is removing all plastic lids on its own-label products, as part of its ongoing campaign to reduce single-use plastics. From March, the UK’s fifth-largest supermarket will stock products such as ready-to-drink coffee and own-label fresh cream without “unnecessary” plastic lids in over 780 stores across…
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11 FebruaryHigh Street
Administrations up 5% in 2019
The number of companies falling into administration across England and Wales increased by just under 5% in 2019, according to new analysis from KPMG. A study of notices in the London Gazette showed that a total of 1,403 companies went into administration during 2019, compared with 1,341 in the previous…
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6 FebruaryPeople Moves
M&S appoints new chief strategy and transformation director
Marks and Spencer has appointed Katie Bickerstaffe as its new chief strategy and transformation director. Bickerstaffe is currently a non-executive director of Marks and Spencer, and will take up her role on 27 April. She will serve on the board and operating committee as an executive director. She previously held…
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Jan- 2020 -30 JanuaryElectrical
Deloitte fined £1m over handling of Comet administration
‘Big Four’ accountancy firm Deloitte has been fined £925,000 for its handling of electrical goods retailer Comet’s administration in 2012. Deloitte and two of its partners, Neville Kahn and Christopher Farrington, have been sanctioned by the accountancy watchdog and have also agreed to pay the costs of the Institute of…
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29 JanuaryTips
Our Best Picks From London Fashion Week Men’s AW20 – What to Know
The recently concluded London Fashion Week Men’s that took place at the Somerset House from 4-6 January was heralded as the fashion industry’s first major event. It was proclaimed as the stage of up-and-coming talent. What made London Fashion Week Men’s AW20 special As opposed to the regular star-studded lineup…
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2 JanuaryHigh Street
Boxing Day footfall falls to lowest level since 2010
Retail footfall decreased by 10.6% on Boxing Day in 2019, and marks the largest decrease in footfall since 2010. The research from Springboard found the decline to be larger than the last two years combined for the period. In 2018 footfall was 4.2% lower than in 2017 and in 2017…
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