Tag: shop

Ann Summers threatens landlords over shop rents

Image copyright Ann Summers Retailer Ann Summers has warned its stores’ landlords they must take “a more pragmatic approach” to negotiations over rents. The lingerie and sex toy chain said if this did not happen, it would ask to formally restructure its debts through a Company Voluntary Agreement (CVA). Chief executive Jacqueline Gold said landlords needed to recognise the retail… Read more →

Clothing and games push up UK shop prices

Image copyright Dan Mullan The UK’s inflation rate rose to 0.6% in June as the coronavirus lockdown began to ease. The Consumer Prices Index (CPI) picked up slightly from May’s four-year low of 0.5%, the Office for National Statistics (ONS) said. Food and alcohol prices fell, but prices for clothing and games rose, the ONS said. Despite the slight increase… Read more →

Will Rishi Sunak cut shop prices to boost the High Street?

Image copyright Reuters “Timely, temporary and targeted” was the advice given to the Treasury Select Committee on stimulating the economy by the former US Treasury Secretary Larry Summers in the depths of the 2008 financial crisis. These words found their way into the pre-Budget documents to describe the immediate 13-month VAT cut from 17.5% to 15% announced by then Chancellor… Read more →

How coronavirus will change the way we all shop

Media playback is unsupported on your device Media captionWhat’s it now like shopping for clothes? After three months of hibernation, non-essential shops in England will finally be able to re-open on Monday. But it is clear Covid-19 will have a lasting impact on retail well beyond the end of lockdown. There’s socially distanced shopping, for starters. The new retail rules… Read more →