Retail news

• UK retailers warn of ‘imminent collapse’ without more state help

  10-05-2020 15:46
  Companies have formed unusual alliance with landlords to lobby for assistance with rental payments
  
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• Hammerson may need £500m to survive Covid-19, analysts warn

  10-05-2020 15:39
  // Hammerson may have to raise up to £500m to survive through Covid-19
  // The shopping centre owner was hit after a major deal with Orion fell throughAnalysts have reportedly said that Hammerson may tap investors for up to £500 million in an effort to weather the coronavirus crisis.
  Hedge funds have predicted that the shopping centre giant, which owns Birmingham’s Bullring centre, will be forced to raise money in a rights issue after a major deal to offload retail parks co
  
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• Matalan billionaire founder seeks £50m funding to survive

  10-05-2020 15:16
  // Matalan asks for £50m funding from existing lenders
  // The retailer looks to survive the Covid-19 crisisMatalan has reportedly asked two of its existing lenders, Barclays and Lloyds, to inject £50 million of government-backed funding to prevent its business from running out of cash.
  The value fashion retailer’s founder and owner John Hargreaves is reluctant to dive into his own fortune despite the desperate plea for help, The Sunday Times reported.
  Matalan, which celebrates
  
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• Retail vacancy rates edge up, indicating trouble ahead

  10-05-2020 14:35
  // Vacancy rates in the UK increased from 12.1% to 12.2% in the first quarter of 2020
  // The challenges were prominent prior to the Covid-19 pandemicRetail vacancy rates have increased during the first quarter of 2020, highlighting the challenges faced by the sector even prior to the Covid-19 lockdown.
  According to the BRC-LDC Vacancy Monitor, the vacancy rate edged up to 12.2 per cent in the quarter ended March, from 12.1 per cent at the end of December.
  On high streets, the vacancy rate r
  
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• Virus boost for Amazon is not without risks

  10-05-2020 11:00
  The ecommerce giant’s increasing power will attract greater scrutiny
  
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• Andrew Bailey needs to be more convincing about the path to recovery

  10-05-2020 10:02
  
  The new Bank of England governor’s predictions about a swift bounce-back don’t inspire confidenceAndrew Bailey, the governor of the Bank of England, is only a few months into the job and already his reputation for sound management of the economy is in danger. Last week he published a scenario for the next two years that amounted to his best guess on the depth of the recession in front of us, and the prospects for a recovery.The recession would be deep, he said. Most likely the deepes
  
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