Several supermarkets have agreed to waive the business rates holiday and hand over the money saved. Here, we take a look at what it means: – What are business rates? Business rates are paid by every commercial property in the UK. They are similar to council tax for residential properties and are collected by local authorities … Read more
The Black Friday bonanza has begun across the United States with shoppers lining up across parts of the country as retailers pin their hopes on a spending surge after months of slumping sales and businesses toppling into bankruptcy amid the COVID-19 pandemic. Despite being warned by the CDC that in-person shopping would drive up the … Read more
A host of shops that closed during the first lockdown but are now classed as ‘essential’ have kept their doors open as the nation enters a second shutdown. As seen under the first lockdown restrictions, all non-essential retailers were forced to close from Thursday. But under new lockdown rules a raft of shops have newly … Read more
Locked out by coronavirus, panicked audit giants stage desperate bid to value retailers’ Christmas stock By Emma Dunkley, Financial Mail On Sunday Published: 21:52 GMT, 31 October 2020 | Updated: 21:52 GMT, 31 October 2020 Britain’s biggest auditors are in crisis talks over fears that tough Covid rules will stop them visiting retailers to check … Read more
Retail giant John Lewis has moved a step closer in its plans to convert a large chunk of its famous Oxford Street store into offices – becoming the latest big name chain to edge away from the High Street. Nearly half of the firm’s flagship store on could be turned into office space as the … Read more
Shop sales rise for FIFTH month in a row: Retailers see 1.5% increase in September with trading now 5.5% higher than pre-pandemic levels By Mark Duell for MailOnline Published: 07:24 BST, 23 October 2020 | Updated: 07:43 BST, 23 October 2020 Retail sales in Britain rose for the fifth month in a row after they … Read more
Amazon will NOT be impacted by £500m digital services tax – but smaller retailers will be, HMRC admits Two per cent on tax on internet giants will not impact Amazon, HMRC admits Treasury said Digital Services Tax would make companies pay ‘fair contribution’ Business leaders say the tax is penalising smaller companies who use Amazon … Read more
The way shoppers’ personal data is handled by big online retailers is laid bare in new research. All online retailers ask for some level of personal information to be submitted when a customer completes an order through there store, whether it is a full name, delivery address or card payment details. However what differs between … Read more
Sony announced pricing and release dates for its PlayStation 5 Wednesday and retailers opened pre-orders of the console one day earlier than expected – creating a buying frenzy among the gaming community. Gamers around the world ran to their computers, smartphones and tablets to reserve a console, but many were met with broken links, page … Read more
Treasury talks with dozens of retail chiefs over future of high street, raising hopes Chancellor Rishi Sunak could step in to avert deepening crisis By Neil Craven And Harriet Dennys, Financial Mail On Sunday Published: 21:50 BST, 12 September 2020 | Updated: 22:24 BST, 12 September 2020 The Treasury has held talks with dozens of … Read more