Retailers
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Jun- 2020 -15 June
Retailers to suffer for ‘some time to come’, says BRC
Footfall across the UK tumbled by 81.6% in May, as the British Retail Consortium (BRC) has warned that retailers may suffer lower footfall and sales “for some time to come”. According to its latest report, the decline recorded in May marked a “shallower decline” than the month prior, as certain…
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15 June
39% of UK SMEs believe economy will need five years to recover from Covid-19
Four in 10 (39%) small business owners believe it will take at least five years for the UK economy to fully recover from the impact of lockdown and Covid-19, according to a new poll. Research by the “#ForgottenLtd Campaign”, which is campaigning for fair and equal government support for small…
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15 June
Usdaw urges public to ‘respect shopworkers’ as shops are allowed to reopen
Shopworkers union Usdaw has urged customers to respect staff and employers to ensure safety in stores, as shops are allowed to reopen from today (15 June). The news comes as Usdaw released statistics revealing one in six shop workers have suffered abuse on every shift, during the coronavirus pandemic. The statistics revealed 62%…
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11 June
Majority of SMEs believe UK is headed for deep recession post-pandemic
Almost seven in 10 (69%) small business owners believe the UK is heading for a deep recession following the coronavirus pandemic and resulting lockdown, according to new research from FreeAgent. In addition, almost three quarters (73%) believe many small businesses will struggle to make enough money to survive and two…
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10 June
Laings introduces appointment-only system in Southampton
Laings has announced it will announce that it will reopen its Southampton store on 16 June, following the latest government guidelines for retailers. The site will now operate on an appointment-only basis in order to ensure the health and safety of its staff and customers. Laings stores in Glasgow, Edinburgh…
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10 June
Signet to close 80 UK stores permanently
Signet Jewelers has announced that it will not reopen 80 of its UK stores, in an effort to emerge “stronger and more efficient” following the Covid-19 crisis. As part of its decision to accelerate its ‘Path to Brilliance’ programme Signet, which has 3,200 stores worldwide, has revealed initially 150 of…
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9 June
Consumer spending drops 26.7% year-on-year in May
Consumer spending contracted 26.7% year-on-year in May. This is according to new data from Barclaycard, which revealed that spending on essential items grew slightly by 0.9%. This was bolstered by a 24.5% rise in supermarket spend – which increased to 27% in the week preceding the VE Day weekend as…
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9 June
Bira opposed to proposed relaxation of Sunday trading laws
The British Independent Retailers Association (Bira) has expressed concern for proposed relaxation of Sunday trading laws. Under plans being suggested by the government, England could suspend Sunday trading laws for a year in a bid to boost the economy. However, Bira, who has added its support to the ‘Keep Sunday…
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8 June
Say it with Diamonds sales surge amid lockdown
High-street jeweller Say it with Diamonds has reported a 267% sales uplift on engagement rings amid the nationwide lockdown. The surge in sales during March and April marked a notable difference from the amount of engagement rings sold in the same period the year prior. Over the same two-month period,…
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8 June
Sunday trading deregulation would be a ‘slap in the face’ for key workers, says Usdaw
Shopworkers union Usdaw has titled government plans for Sunday trading deregulation as a “slap in the face” for key workers and calls out the government failing to provide a “proper strategy “to help the retail industry. This move to deregulate Sunday trading hours would come across as an opportunistic use…
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