The first quarter of its financial year wasn't a good one for Matalan with its revenue plummeting by over 70% as Covid-19 devastated its trading. It was loss-making, but it still has plenty of cash available.
UK footfall may have been on a generally upward trajectory since stores reopened last month, but it has been unable to maintain the double-digit increase seen in the early days of reopening and London is still weak.
M&S could become the latest retailer to announce job cuts if a weekend news report is accurate. The retail giant could unveil plans for redundancies in the next few days, with more to come in the months ahead.
John Lewis may be planning to close some stores, but it still wants to make its products as widely available as possible and has announced a big expansion of its Click & Collect deal with Co-op food stores.
LINK is pleased to announce the first edition of Art is Hope (from home), a purely digital version of its traditional charity art sale for the benefit of AIDES, the leading association in the fight against AIDS.
Budget retailer Poundland has announced a major new transformation programme designed to take it through the next decade. The programme will also see the company testing out online delivery for the first time.
The New West End Company is calling on the UK government to introduce tax-free shopping for European tourists post-Brexit as what should be Britain’s busiest shopping area continues to see a mere trickle of visitors.