Retailers
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Jun- 2020 -26 June
Just 13.8% of retail rent collected on June quarter day
Landlords received just 13.8% of rent owed by the UK retailers on this quarter’s rent date, compared with the 19.8% collected in March, according to new data from Re-Leased. The cloud-based commercial property management platform said retail properties were the “worst performing group” compared with offices and the industrial sector,…
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25 June
Hot Diamonds outlines support for retailers
Hot Diamonds has outlined the ways it will support independent retailers as lockdown begins to ease in the UK. In order to boost its sell-through when stores reopen, it has launched a temporary 25% discount sale, and will contribute 15% towards lost margin to retailers that participate. The group has…
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25 June
Watches of Switzerland partners with Tag Heuer
Watches of Switzerland has announced it has partnered with Tag Heuer to open a new Tag Heuer boutique in Oxford. The 39 square meter site is located in the city’s Westgate Centre, and features a contemporary interior decorated with the colours of the Tag Heuer brand. The boutique will feature…
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24 June
Rock Lobster permanently shuts bricks-and-mortar store
Rock Lobster has announced it will no longer reopen its bricks-and-mortar shop due to “circumstances surrounding the property”. The Worcester-based jewellers said that its landlords now have plans to develop the shop into residential apartments, and in light of the ongoing Covid-19 disruption, it has decided to not move to…
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24 June
Usdaw urges retailers to maintain existing two-metre social distancing in stores
Shopworkers trade union Usdaw is urging retailers to maintain social distancing in shops at two metres, as agreed in joint safety guidance, after Boris Johnson announced a “one metre plus” rule for situations where two metre distancing cannot be observed. In a speech in parliament yesterday (23 June), the PM…
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23 June
Beaverbrooks sales soar in first week of trading
Beaverbrooks revealed it has seen a “surge” in sales since reopening its doors last week, with a 30% increase in year-on-year sales on its opening day alone. The family-owned jeweller reopened 58 stores in England and one in Northern Ireland on 15 June. In addition to the surge in sales,…
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23 June
Laings to operate on appointment-only system
Laings has announced that it will be operating on an appointment-only basis, ahead of the reopening of its sites in Glasgow, Edinburgh and Cardiff on 30 June. The luxury jeweller has been working to ensure it can safely open when government guidelines permit, with customers invited to book appointments held…
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23 June
PM confirms relaxation of two-metre social distancing rule
Boris Johnson has announced a reduction in the two-metre social distancing rule. In a speech in parliament this afternoon, the PM said that while maintaining at least a two-metre distance is still “recommended where possible”, the official guidance will be updated to recommend “one-metre-plus” where necessary, if “mitigations” such as…
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23 June
Government rethink on longer Sunday trading welcomed by Usdaw
Shopworkers trade union Usdaw has welcomed reports that the government will not be pressing ahead with plans to deregulate Sunday trading hours having listened to the arguments. The news comes as Usdaw titled government plans for Sunday trading deregulation as a “slap in the face” for key workers and calls…
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22 June
Bira welcomes extension of government protection scheme
Bira has “welcomed” the government’s decision to extend protection for businesses from aggressive debt collection until September. The extended measures will prevent struggling retailers from being evicted with the current protection originally due to expire on June 30. The association said the decision was made by the government after Bira…
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