Game Reopens Stores in England & Northern Ireland, Welsh and Scottish Locations Await Guidelines
Video game retailer Game plans to reopen all stores in England and Northern Ireland on June 15th, following government...
Monthly Archives: June 2020
UK Consumer Spending Dips, but Essentials and VE Day Weekend Boost Numbers
In new data from Barclaycard, consumer spending contracted 26.7% year-on-year in May, with essential item spending growing slightly by...
Sosandar’s Revenues Soar 62% Amidst Lockdown Challenges
In the midst of the pandemic, online womenswear retailer Sosandar has seen revenues skyrocket 62% since lockdown began, with...
Record-Breaking Decline in Retail Sales: The Pandemic’s Impact on the Industry
In May, total retail sales dropped by 5.9%, a slight improvement from April's 19.1% decline but still the second...
Iceland Founders Take Full Ownership After Buying Out External Investor
Iceland, the frozen food retailer, has announced that its founder and executive chairman Sir Malcolm Walker and CEO Tarsem...
Mulberry Announces 25% Global Workforce Reduction Amid Pandemic Challenges
Luxury retailer Mulberry announces plans to cut its global workforce by 25% due to pandemic-related uncertainty. The company expects...
Intu Places KPMG on Standby Amid Financial Struggles
Intu, owner of major shopping centers like Lakeside and Manchester's Old Trafford, is reportedly preparing for potential administration as...
Usdaw Opposes Government’s Plan for Extended Supermarket Hours Amid Worker Abuse Concerns
In a recent statement, the shopworkers union Usdaw has criticized the government's proposal to allow supermarkets to operate for...
FRC Closes Five-Year Investigation into Tesco’s Profit Overstatement
In a major development, the Financial Reporting Council (FRC) has ended its five-year probe into the accountants at 'Big...
Footfall Recovery Begins in May Amid Sunshine and Bank Holidays
In a positive sign for businesses, consumer footfall may have begun its recovery in May, according to Springboard's latest...