H&M Sales Plummet 10% in Q3 Amid Pandemic Challenges
H&M's net sales dropped by 10% in Q3 due to store closures and Covid-19 restrictions, resulting in an overall...
pandemic impact
UK Shop Vacancy Rate Reaches 13.2% Amid Pandemic Impact
UK shop vacancy rates hit 13.2%, with high streets seeing a 13% increase in empty shops, as data from...
Frasers Group Considers Acquiring Jaeger, Austin Reed, and Jacques Vert from Struggling EWM Group
In a recent development, Frasers Group, owned by Mike Ashley, is considering acquiring heritage fashion brands Jaeger, Austin Reed,...
UK Retail Sector Hit by Record Shop Closures Amid Pandemic
UK shop closures reach record high, with over twice as many net closures in first half of 2020 compared...
Mulberry Reports Full-Year Loss Amid Pandemic Challenges
Mulberry reports a 10% drop in full-year revenue to £149.3m due to a challenging UK market and pandemic impact....
UK Retail Sales Continue to Rise Amid Pandemic Challenges
In August, retail sales volumes increased for the fourth consecutive month, up 0.8% from July, with a 4% increase...
Next Raises Profit Forecast Amid Resilient Performance Despite Pandemic Impact
In the first half of the year, retailer Next experienced a 33% drop in full price sales due to...
Covid-19 Disrupts SME Sale Plans and Finances
UK small business owners are reevaluating their succession plans due to COVID-19, with 40% putting sales on hold according...
UK Unemployment Rate Rises to 4.1% in July Amid Pandemic Struggles
Unemployment in the UK rose to 4.1% in July, while economic inactivity hit a record low of 20.2%, according...
Insolvent Companies Cost Taxpayers £250m Amid Pandemic Impact
In the first half of 2020, insolvent companies cost British taxpayers nearly £250 million due to unpaid debts, with...