United Kingdom
UK: 177 000 retail jobs lost in 2020
The Centre for Retail Research found that a total of 176 718 retail jobs were lost in 2020. The same source is predicting a loss of an additional 200 000 jobs in 2021
Arcadia’s Evans brand acquired by Australia’s City Chic for 23 million British pounds
The agreement includes the acquisition of the Evans brand, the eCommerce and wholesale businesses for 23.1 million British pounds in cash by City Chic. This deal, excludes the brick and mortar stores and follows Arcadia entering into administration a few weeks ago
Farfetch sets 10-year sustainability goals
The online fashion retailer has announced a set of sustainability goals for the next ten years divided in four main areas, ranging from being climate positive to promoting conscious inclusion
Wales enters strict lockdow: non-essential retail to close
The country will enter into a strict nationwide lockdown, especially over Christmas and on the days to follow
UK: ongoing uncertainty is making it harder for businesses to prepare
The alert comes from the British Retail Consortium (BRC), which has also urged consumers to refrain from stockpiling food before Britain leaves the EU on the 1st of January
Bonmarché collapses into administration
The retailer based in West Yorkshire has collapsed into administration for the second time in a year. 1 500 jobs are at risk
Arcadia Group files for bankruptcy
More than 13 000 jobs are at risk in what is so far the biggest UK collapse in the COVID-19 era. The owner of Topshop, Topman, Miss Selfridge, Dorothy Perkins, Evans and Burton appointed administrators from Deloitte on Monday
Debenhams on the verge of closing
The UK-based store chain is reportedly set to close after the latest efforts to rescue it have failed. Rough trading conditions during the pandemic were the final hit for both Debenhams and Arcadia
Stores in England can open 24 hours a day over Christmas
Retailers will be able to extend their daily opening hours from Monday to Saturday in the run up to Christmas and through January. The announcement was made by the Government of the UK
Arcadia declines emergency loan offer from Frasers Group
The owner of several high street retailers, Arcadia, have declined a 50 million British pounds (55.8 million euros) emergency loan offer from Mike Ashley’s Frasers Group, the retail group formally known as Sports Direct
Dr. Martens could launch IPO soon
The British-based footwear brand known for its iconic boots has reportedly appointed Goldman Sachs and Morgan Stanley to lead its initial public offering (IPO)
UK Retail: recovery starts to dissipate
The summer brought a breath of fresh air into the UK footwear market after the COVID-19 hit. After the collapse caused by the first wave of the pandemic, Textile, Clothing & Footwear (TCF) Retail Sales have been recovering from April through September. However, the second wave striking in October led TCF retail sales to the downside, closing now 18 pp in the red.
2020: UK consumer spending to fall by nearly 200 billion British pounds
Total UK consumer spending is expected to fall by 183.6 billion British pounds (14.9%) this year due to the COVID-19 according to new research from Mintel's British Lifestyles report. This equates to a drop in spending of around 6 600 British pounds per household
Burberry with growth in leather goods category
The UK-based luxury brand has announced a decline of 31% in revenue for the first semester of the current fiscal year. Despite that, Burberry is pleased with the year-on-year growth registered in the leather goods category
Imports of footwear with a dark picture in the first semester
The most recent statistics for footwear trade in 2020 show a very dark, albeit expected, picture. In the first semester of the year, footwear imports fell in almost every country-
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