Retail news

• London West End retailers pitch for help in tempting back shoppers

  30-08-2020 22:27
  A downturn deeper than in other districts drives pleas for free transport and a longer business rates holiday
  
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• Independent shops enjoy business boost due to commuting drop

  30-08-2020 18:29
  
  Independent retailers body says it will not be calling for workers to return to officesCoronavirus – latest updatesSee all our coronavirus coverageIndependent shops are unlikely to join the government’s push to get workers back to the office, according to the body representing the sector, after enjoying a boost in sales thanks to a drop in commuting.Andrew Goodacre, chief executive of the British Independent Retailers Association (BIRA), said members in suburban areas and towns had r
  
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• Montezuma’s sales rise despite Covid-19’s “dramatic impact” on trading

  30-08-2020 16:47 via retailgazette.co.uk
  // Montezuma’s records 30% sales rise
  // The retailer has hired more staff to support its expansionChocolate maker Montezuma’s has reportedly posted a 30 per cent sales rise thanks to its expansion across the UK high street.
  The confectionery retailer said it expects a positive future for the company despite the Covid-19 pandemic, The Guardian reported.
  Montezuma’s has also hired more staff to support its expansion.READ MORE: Hotel Chocolat launches first ever “drive
  
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• A quarter of BHS stores remain vacant since 2016 administration

  30-08-2020 15:50 via retailgazette.co.uk
  // One quarter of BHS stores remain vacant four years on
  // The company is searching for new occupiers for its 160 sites across the UKA quarter of BHS stores have reportedly remained vacant in the past four years since the company collapsed.
  At least one in four BHS stores are currently vacant on the high street, after the 88 year-old department store chain closed its last remaining stores in August 2016, BBC News reported.
  However, it is understood that searching for new occupiers for its 160 s
  
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• 125 stores at risk as Moss Bros drafts in KPMG advisers

  30-08-2020 14:53 via retailgazette.co.uk
  // Moss Bros turns to KPMG to handle a restructuring process
  // The retailer continues to struggle with trading amid the Covid-19 pandemicMoss Bros is reportedly undergoing a restructuring process after its sales continued to be affected by the cancellation of Royal Ascot and the implementation of banning large weddings.
  The menswear retailer has drafted in advisers from KPMG to consider a CVA, which would result in the closure of some of its stores while also reducing rents on others, The Times
  
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• No return of workers to offices ‘could cost UK economy £480bn’

  30-08-2020 14:04
  
  Ex-CBI adviser says economy will not return to pre-pandemic size until 2025 if home working continues
  Coronavirus – latest updatesSee all our coronavirus coverageThe UK economy could lose almost half a trillion pounds of output if workers fail to return to their offices, a study estimates.Douglas McWilliams, a former chief economic adviser to the Confederation of British Industry, has warned the economy will not return to its pre-pandemic size until 2025 if home working continues in its cu
  
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• Montezuma's chocolates branches out with sales growth up 30%

  30-08-2020 13:57
  
  Artisan chocolate maker says despite coronavirus high street sales still have a positive futureArtisan chocolate brand Montezuma’s is to defy the gloom engulfing the high street as a result of coronavirus by opening more shops and hiring new staff.It has six branches in the south-east of England, including Brighton, Chichester and Winchester, and is planning two four new openings every 12 months, typically in market towns, over the next five years. Continue reading...
  
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• Montezuma chocolates planning to open four new stores a year

  30-08-2020 13:16
  
  Artisan chocolate maker says despite coronavirus high street sales still have a positive futureArtisan chocolate brand Montezuma is to defy the gloom engulfing the high street as a result of coronavirus by opening more shops and hiring new staff.It has six branches in the south-east of England, including Brighton, Chichester and Winchester, and is now planning two four new openings every 12 months, typically in market towns, over the next five years. Continue reading...
  
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• Reliance to pay $3.4bn for India’s second-largest retailer

  30-08-2020 10:52
  Purchase of Future Group part of battle against Walmart and Amazon for dominance in ecommerce
  
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• Is Hut Group's vaulting ambition a leap too far in cutthroat online market?

  30-08-2020 10:00
  
  The e-commerce retailer is looking for £920m and a huge valuation from its stock market debut – but there are reasons to be waryWe are invited to view the imminent arrival on the London stock market of The Hut Group, a Manchester-based e-commerce retailer, as an uplifting story of smart technology, clever marketing and endless growth. Here’s a company that dodges Amazon’s thunderbolts and attracts some of the world’s biggest consumer companies – the likes of N
  
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