The UK government is drawing up plans to introduce an online sales tax, but don’t expect its inclusion in the chancellor’s end-of-the-month budget. The news will come as a further disappointment for physical retailers.
The comeback of Laura Ashley in the fashion sector has begun as Batsheva Hay’s eponymous Batsheva label has linked up with the UK brand in a way makes the most of its heritage and targets the upscale shopper.
Hard-pressed fashion retailers awaiting government plans for a major shake-up in business rates will have to wait. A call from 40 trade associations for the overhaul to be included in upcoming Budget have been dashed.
London Designer Outlet (LDO) is firing on all cylinders. The north London shopping centre has been given another major boost with news Calvin Klein is set to open a permanent store following the success of its pop-up.
Positive news from retail landlord Landsec continues on the rent collection front. The commercial property giant said Friday that, as of 12 October, 85% of the £89 million net rent due on 29 September had been paid.
Here’s some news the UK high street might not want to hear. Some 21% of Britons think physical retail isn’t worth saving, preferring to do most or all of their shopping online, a new study from Savoo claims.
UK shoppers are browsing online but not buying, the latest IMRG Capgemini Online Retail Index showed on Thursday. But at least they still seem to be focused on fashion with the category staying strong
Grosvenor Britain & Ireland (GBI) wants to become the UK’s first carbon-neutral property company. The commercial property giant is fast-tracking its climate strategy to be completed five years earlier than planned.