UK consumer confidence has risen again although it remains fragile as there are few signs of economic stability. And while intentions to purchase are improving, consumers are still generally very cautious.
The chairman of Sainsbury's on Thursday defended the six-year tenure of former chief executive Mike Coupe after an investor asked if he would say sorry for its share price performance under his leadership.
Many retailers are taking the opportunity afforded them by the end of lockdowns to refresh aspects of their business and the latest to do so is Marks & Spencer, which is relaunching its loyalty programme, Sparks.
The debate is raging about how permanent consumers’ move to online shopping will be post-Covid-19. But a new report suggests it could have shifted the balance between retail and e-tail more durably than some believe.
Primark had some good news on Thursday, saying that since its last trading update a month ago, its stores have reopened more quickly than expected, particularly in Ireland, and trading is on an upswing.
Major British retail landlord Hammerson issued an update on Wednesday that showed reopenings in England, Ireland and France are well under way, but it has been struggling to collect rents from some retail tenants.
The news this month that Lord Andrew Tyrie, the chair of the Competition and Markets Authority (CMA), would exit his role was driven by a major clash with the CMA’s top executive Andrea Coscelli, a report has claimed.
While online retail boomed during lockdown, it's interesting that e-sales are still soaring even though non-essential shops have reopened in much of the UK. But it seems some e-fashion activity has moved back to shops.
Oliver Bonas has secured a vital loan to see it through the current crisis period with the fashion and lifestyle retailer having secured £3.5m of additional funding guaranteed by the government’s coronavirus scheme.
News of Intu’s administration filing has been quickly followed by speculation over whether the firm will be broken up with one report saying a creditor is urging a fast sale of the Trafford Centre, Intu’s top asset.