London’s West End Retailers Face £45m Tax Hike Amid Rising Business Rates
London's West End retailers face a £45 million increase in business rates tax next month, according to a report...
London
Shop Direct Considers Job Cuts Amidst Transformation Strategy
In a bid to streamline operations, Shop Direct, the parent company of online retailers Very and Littlewoods, is consulting...
Co-op’s £200m Investment to Open 100 New Stores and Create Jobs
In 2019, The Co-op plans to open 100 new food stores as part of a £200m investment program, potentially...
New Bond Street: Europe’s Most Expensive High Street for Rentals
London's New Bond Street named Europe's priciest shopping location for rentals and third globally, with rents at $1,744 (£1,343)...
West End Retailers Seek £5bn Business Rate Reduction, Propose Online Sales Tax
In London's West End, retailers are calling for a £5 billion reduction in business rates, financed by a 1%...
Record Fine for B&M Selling Knives to Minors
In a shocking turn of events, discount retailer B&M Bargains has been fined a record-breaking £480,000 for selling knives...
Orla Kiely Retailer Ceases Trading, Parent Company in Administration
Lead: Beloved handbag and homeware retailer Orla Kiely has shut down, leaving its staff in tears and customers wondering...
Footfall Declines but Surprises with Better-Than-Expected Results in August
In a surprising turn of events, despite a 4.1% drop in footfall this August compared to last year, analysts...
Heatwave Causes 10.8% Drop in High Street Footfall in July
In July, high street footfall dropped by 10.8% compared to the same month in 2017, according to Ipsos Retail...
Retail Space Demand Slumps Amid Store Closures: RICS Report
In a recent study by the Royal Institution of Chartered Surveyors (RICS), it's revealed that 70% of chartered surveyors...