A major signal of what’s likely to happen more widely in UK retail in the next few years came on Wednesday as property giant Hammerson announced a major build-to-rent scheme for Leicester following the Debenhams exit.
The boss of Harrods says it's bouncing back from the pandemic but 2021 could be worse than hoped due to changes to VAT-free shopping rules. He also thinks Chinese consumers will shop more in their domestic market.
Mike Ashley's Frasers Group confirmed on Monday that it’s interested in buying Debenhams even though the auction for the Department store chain has already ended and the chain is expected to close completely by March.
The Hut Group said Monday that sales were “ahead of expectations across all divisions” for October and November and it also announced a new deal with Jack Wills to power the clothing brand’s e-tail site.
Ted Baker released its half-year results on Monday plus an update on Q3 and Q4, and the news was far from good. The 28 weeks to August 8 saw its revenue falling almost 46% and its underlying pre-tax loss ballooned.