UK Retail Sales Plummet in January Amid Lockdown and Covid-19 Impact
In January, total like-for-like retail sales plummeted 10% due to England's national lockdown and Covid-19 impact, with lifestyle sales...
Monthly Archives: February 2021
Boohoo Acquires Arcadia Brands: Burton, Dorothy Perkins, and Wallis for £25.2m
Boohoo has acquired Burton, Dorothy Perkins, and Wallis from Arcadia in a £25.2m deal, adding these brands to its...
Amazon’s Tax-to-Turnover Ratio Drops Amidst Soaring UK Sales
Amazon's tax-to-turnover ratio dropped to 0.37% last year despite a 51% increase in UK sales, reaching $26.48 billion. Brick-and-mortar...
ManoMano’s Sales Soar to £1.05bn, Targeting Northern Europe Expansion
ManoMano, an online DIY marketplace, experienced a massive surge in global business volume last year, reaching £1.05bn with UK...
Amazon Launches 1,000 Apprenticeships Across Diverse Fields in the UK
Amazon plans to create 1,000 apprenticeship roles in the UK this year, offering full-time positions across 25 different schemes...
Bank of England Holds Rates, Predicts Economic Rebound with Vaccine Rollout
The Bank of England predicts a rapid economic rebound this spring, thanks to successful vaccine rollouts and easing Covid-related...
French Connection Seeks Takeover Amid Pandemic Struggles
French Connection, known for its 'fcuk' brand, is in takeover talks with two potential buyers: Spotlight Brands and Gordon...
Ralph Lauren’s Q3 Revenue Drops Amidst Covid-19 Impact
Ralph Lauren reports a 18% revenue drop to $1.4bn in Q3 due to Covid-19 impacts and trade restrictions. European...
Dune Mulls CVA and Turnover-Based Rent Model Amid Pandemic Struggles
Dune, a footwear retailer founded by Daniel Rubin in 1992, is reportedly discussing potential rent cuts with landlords amidst...
Retail Landlords Face Nearly £1bn in Rates on Empty Shops Despite Government Support
In a recent study by Altus Group, retail landlords have paid nearly £1 billion in business rates since the...