All Policy & legal articles – Page 52
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Opinion‘V-shaped recovery masks wildly divergent retail performance’
Not a day seems to have passed recently without a CVA or job losses from one retailer or another as a result of the lower footfall, lower spend and acceleration in shift online caused by the pandemic.
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NewsBusiness rates holiday extension vital to prevent mass exodus from West End
An extension beyond next April of the existing business rates holiday or a reduction of rates by at least half is the only thing that will stop hundreds of retailers deciding to quit the West End in September, according to the New West End Company (NWEC).
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Opinion‘JD-Footasylum case shows how retail mergers have just got tougher’
The Competition and Markets Authority (CMA) last week slapped JD Sports and its largest shareholder with a £300,000 fine for allegedly breaking an order from the watchdog over its acquisition of Footasylum.
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NewsProperty sector calls for £1.75bn ‘bounceback’ grant to stave off closures
Five industry trade bodies have called on the government to cover 50% of unpaid rents across the retail, hospitality and leisure sectors in a bid to stave off further closures and job losses.
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NewsAsos unveils new supply chain commitments for third-party brands
Fast-fashion giant Asos has published four new commitments required of third-party brands in the wake of the Leicester sweatshop scandal that engulfed the UK fashion industry.
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AnalysisFour ways retail landlords are ditching the rents status quo
Like so much else in the retail sector, the pandemic has accelerated existing trends in the retail property market. Retail Week looks at the actions taken by landlords Hammerson and the Crown Estate, and what they mean for the future of the industry
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AnalysisWill ‘eat out to help out’ bring shoppers back to stores?
The government’s ‘eat out to help out’ scheme launched on Monday and there are hopes that retailers could feel a halo effect after diners flocked to shopping locations for a cheap bite.
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NewsBoohoo factory scandal: Call for evidence as retailers seek solutions
The barrister running an independent review into Boohoo’s Leicester supply chain, Alison Levitt QC, has made a public call for evidence.
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NewsCMA finally approves Amazon’s Deliveroo investment after 15-month investigation
The Competition and Markets Authority (CMA) has formally approved Amazon’s 16% investment in UK delivery app Deliveroo after a 15-month investigation.
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NewsDW Sports blames coronavirus closures for collapse into administration
Sportswear retailer and gym operator DW Sports has collapsed into administration putting some 1,700 jobs at risk across its estate.
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AnalysisThe Big Question: Will an online sales tax level retail’s playing field?
Chancellor Rishi Sunak is reportedly considering an online sales tax to raise £2bn a year. Industry experts offer their views on whether this mooted move could level the playing field between digital and high street businesses.
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NewsSunak ponders online sales tax to raise £2bn
Chancellor Rishi Sunak is considering an online sales tax to raise £2bn a year and level the playing field between digital and high street businesses.
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AnalysisBorrowed time: Is retail hurtling towards a credit crunch?
When the government shut all non-essential retail stores in March many businesses were forced to increase borrowing to simply stay afloat. But are these levels of debt unsustainable? Retail Week looks at whether retail is facing a ticking liquidity time bomb.
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AnalysisThe Big Question: What should the government do to stop retail job losses?
Marks & Spencer this week became the latest big retailer to cut jobs. M&S will cut 950 roles, adding to the recent toll at retailers including John Lewis and Boots. Industry experts offer their views on what the government could be doing to stem the tide of lost jobs.
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NewsFrasers Group accused of paying warehouse staff below minimum wage
Mike Ashley’s Frasers Group has again been accused of paying warehouse workers below minimum wage for the second time in five years.
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NewsGovernment issues new guidance on face coverings in England
The government has issued its full guidance on mandatory face covering in shops in England, less than 12 hours before the rules are due to come into force.
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Opinion‘Retail hasn’t been left behind by the government – it’s evolving’
On the back of the government’s latest economic update, I’ve read some people saying that retail has gotten used to being ignored by set pieces from chancellors, past and present.
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NewsFrasers Group hits out at business rates revaluation delay
Mike Ashley’s Frasers Group has hit out at the government, saying it looks on with “anguish and bewilderment” at its decision to delay the next business rates revaluation until 2023.
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Opinion‘Retail can ill afford another business rates review that fizzles out’
As night follows day, the beginning of another financial year also brings another government review into business rates reform. However, with the sector reeling from the coronavirus, this latest call for evidence gives reasons for optimism.
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NewsHigh streets could become housing hubs amid online shift, think tank says
Struggling UK high streets could be transformed into residential hubs as the shift to online shopping accelerates, a prominent think tank has suggested.