UK shop prices fell by 1.3% in July, indicating a slower deflation rate...
- UK shop price deflation eases as sales reach highest since 2019
- Primark declines £30m government bonus with John Lewis to follow suit
- Covid-19: YOY June sales fall reflects low UK consumer confidence
- M&Co employs Deloitte to seek new investors
- Covid-19: Trafford Centre owner Intu files for administration
UK shop price deflation eases as sales reach highest since 2019
UK shop prices fell by 1.3% in July, indicating a slower deflation rate than in June when prices fell 1.6% according to figures from the British Retail Consortium (BRC) and data firm Nielsen.
Imperative store sale endangers EssilorLuxotica acquisition of Grandvision
EU demands apply extra pressure on the already beleaguered merger amid pandemic. Regulatory clearance for $7.2bn merger between key players in the eyewear industry, subject to the sale of Ray-Ban maker retail stores in Italy and either Holland or France.
Bensons to sleep more soundly now it is free of tired Harveys
Harveys & Bensons were the latest dominos to fall in the challenging furniture market, both entering administration last month. While Bensons has been re-acquired by Alteri Investors in a pre-pack, Harveys remains in administration.
Primark declines £30m government bonus with John Lewis to follow suit
UK fashion retailer Primark has said that it will not take the £30m Job Retention Bonus introduced last week by UK Chancellor Rishi Sunak. John Lewis is also expected to reject the governmental handout.
Covid-19: YOY June sales fall reflects low UK consumer confidence
UK retail sales for June were the best since February but still lower than the same time last year, according to the latest UK High Street Sales Tracker (HSST) from accountancy firm BDO.
Covid-19: Trafford Centre owner Intu files for administration
Property investment trust Intu, which owns 17 shopping centres including Trafford Centre in Manchester and the Lakeside Shopping Centre in Essex, is filing for administration, the firm announced today.
Oak Furniture Land’s cash-light position leaves it stumped
Oak Furniture Land was the latest high-profile retailer to fall into pre-pack administration amid the COVID-19 outbreak as its lack of liquidity left it exposed during the lockdown. Now, under new ownership, the furniture retailer’s prospects are positive, but its relatively high price points and narrow uniform aesthetic leave it vulnerable.