Retail news

• Sadiq Khan heads to Oxford Street to urge public to go shopping

  05-12-2020 19:08
  
  London mayor warns that retailers will go bust because of Covid unless people return to themThe mayor of London was among thousands of shoppers who made made their way to England’s high streets on the first Saturday after the second national lockdown was lifted.In areas such as York, Colchester and Bournemouth, people went out in droves to buy items for Christmas, and in London Oxford Street was filled with people making the most of the relaxed restrictions that came into force last week.
  
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• Chancellor urged to use £2bn business rates windfall to help embattled retailers

  05-12-2020 15:51 via retailgazette.co.uk
  // Chancellor urged to use £2bn business rates relief paid by essential retailers to help embattled shops
  // Retail groups called for reforms plus a 12-month extension of the business rates holiday for struggling non-essential retailersChancellor Rishi Sunak has been urged to use the almost £2 billion worth of business rates relief paid back by essential retailers to help shops battered by the Covid-19 pandemic.
  According to The Telegraph, the BRC, British Independent Retailers
  
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• Amazon-owned Whole Foods joins grocery giants in repaying business rates relief

  05-12-2020 14:59 via retailgazette.co.uk
  // Amazon to hand over £2m worth of savings from business rates holiday to the UK Government
  // The savings was made across its estate of Whole Foods grocery stores in the UK
  // It follows similar moves from the Big 4 grocers plus Aldi and LidlAmazon has reportedly agreed to pay the UK Government £2 million worth of business rates relief from its bricks-and-mortar grocery chain Whole Foods.
  According to real estate advisory firm Altus Group, Amazon would have received a business
  
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• The tactics retailers use to make us spend more – and how they harm the vulnerable

  05-12-2020 13:00
  
  Online stores draw in shoppers but those with mental health issues are particularly susceptibleAs a digital marketer, Emily Ware spends a lot of time online, yet this comes with a risk. Ware has borderline personality disorder, a mental health condition linked with impulsive behaviours. In her case, that’s spending money online.“At the start of 2020 I was £4,250 in debt with nothing to show for it,” she says. “A good 95% of this was due to impulse spending, from clo
  
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• And bake … UK households embrace cooking up DIY Christmas treats

  05-12-2020 09:00
  
  Surge in sales of key festive ingredients and cooking utensils as pandemic home-baking trend continuesFamilies are preparing for a home-baked Christmas as they tackle the boredom of lockdown restrictions by making their own puddings, mince pies and cakes.Retailers are reporting a surge in sales of festive favourites such as dried fruit, marzipan, candied peel and mincemeat while first-time bakers have also prompted a rush on sales of pudding bowls and baking trays. Continue reading...
  
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• Primark predicts increased sales and profit despite impact of pandemic

  05-12-2020 01:00 via theretailbulletin.com
  
  Primark is expecting its sales and profits in the current financial year to be higher than the last despite the ongoing impact of the coronavirus pandemic.... View Article
  
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