Hammerson’s £400m Retail Park Sale in Jeopardy as Orion Delays Deal Completion
In a surprising turn of events, Hammerson's £400 million retail park sale is now in jeopardy as buyer Orion...
Monthly Archives: April 2020
Gear 4 Music Reports 9% Sales Increase Amid Covid-19 Pandemic
In the midst of the Covid-19 pandemic, Gear 4 Music reports a 9% increase in sales, reaching £120.3 million....
Protecting High Street Businesses from Aggressive Rent Collection during Pandemic
In an effort to protect high street businesses struggling during the pandemic, the business secretary announces new measures to...
Animal Brand Shutting Down UK Stores Amid Challenging Retail Market and Pandemic Impact
In a report by BBC, fashion brand Animal is set to close all its UK stores by 2021, putting...
Pandemic Abuse: One in Six Shopworkers Faces Verbal or Physical Assault Daily, Says Union
One in six shop workers face abuse during every shift amidst the pandemic, according to a trade union survey....
Gordon Brothers Saves Laura Ashley Brand from Administration
Embattled retailer Laura Ashley has been saved from administration by global investment firm Gordon Brothers for an undisclosed sum....
DFS Raises £64m Through Share Placing Amid Pandemic Challenges
DFS, a furniture retailer, has raised £64 million through a share placing, increasing its financial resilience during the pandemic....
Cath Kidston Closes UK Stores, Over 900 Staff Made Redundant Amid COVID-19 Impact
Cath Kidston stores close, leaving 908 staff redundant; administrators confirm all UK locations shut down due to social distancing...
John Lewis Furloughs Staff, Prepares for Sales Decline Amid Pandemic Impact
In a letter to partners and staff, John Lewis Partnership (JLP) reveals it has furloughed over 14,000 employees and...
Boohoo Reports 54% Profit Increase Amid Pandemic Challenges
Boohoo reports a 54% rise in pre-tax profit to £92.2m, with revenues increasing by 44% to £1.2bn. The online...