Which has been more costly to British businesses, Covid or Brexit? Both, according to ParcelHero. Its research reveals that the “self-inflicted wound” of Brexit has cost UK businesses as much as the Covid pandemic.
Penneys, the Irish arm of the giant Primark retail chain, is to spend €14.8 million on moving and enhancing its Dublin flagship destination. The new Dundrum Town Centre store will give "an enhanced shopping experience”.
The opening of the new Elizabeth Line that’s a key part of the London transport network will happen in the next few months without the opening of the Bond Street Crossrail station, Transport for London has announced.
Morrisons has begun looking for a new chief executive on news that current incumbent David Potts plans to stand down. But the company has plenty of time with Potts not likely to leave for another two years.
Footfall to retail destinations has been recovering since the original lockdown in 2020, but 2021 still saw a disastrous fall of 31.1% compared to 2019, tracking specialist Springboard said on Monday.
A buyer is being sought for the prime retail location in Aberdeen city centre formerly occupied by John Lewis. Real estate advisor Savills has been appointed to fill the 200,000 sq ft, four-storey space.
The UK's ONS has issued its official December retail sales figures and they're fairly bleak. Clothing stores and department stores reported falls of 8% and 6.3%, and were also below levels in February 2020.
With outlet centres continuing to be one of the most buoyant retail destination types, it’s interesting that Sweden’s TORG International has forged an alliance with leading UK outlet developer Rioja Estates.
A “strong peak performance” in Clothing & Footwear underpinned by rising demand its core strategic brands and a return to growth in active customer numbers were the key positives in a busy Q3 for N Brown.
A trading update from Primark's parent company on Thursday showed the fashion retail chain is bouncing back from the pandemic, with the US business a standout performer. But city centre stores globally still struggle.