The end of England’s second lockdown can’t come quick enough for store retailers. As they brace themselves for a three-week pre-Christmas shopping frenzy, they’re already having to play serious catch-up.
Giant fashion group Arcadia is believed to be on the verge of the worst UK corporate collapse of the Covid crisis, with the firm expected to go into administration as early as Monday. This would put 13,000 jobs at risk.
Over 30 retail brands from across London’s King’s Cross and Coal Drops Yard retail destination have launched a combined ‘United We Shop’ campaign, supporting the area’s extensively redeveloped shopping streets.
Barclaycard has said that the volume of sales transactions up to 4pm was down 16.7% on Black Friday. The company’s figures are particularly useful because it actually almost £1 in every £3 spent in the UK.