
More than one-in-ten British shops now stand empty, reflecting recent widespread closures which are partly the result of the coronavirus crisis, a report on Thursday showed.
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More than one-in-ten British shops now stand empty, reflecting recent widespread closures which are partly the result of the coronavirus crisis, a report on Thursday showed.
The circumstances surrounding the collapse of Laura Ashley in March will be under even closer scrutiny with the appointment of a second administrator to look at the financial situation of the company before its failure.
Warnings that the UK retail environment will remain challenging during the rest of the year may deter many large chains from investing in bricks-and-mortar but Poundland is planning to open six new Pep&Co shop-in-shops.
High street retailers have axed more than 24,000 jobs this year amid fears that Covid-19 will fundamentally change the way Britons shop.
Katharine Poulter, the chief executive officer of ailing fashion retailer Laura Ashley, has left the company as part of the latest round of jobs cuts.
JD Sports may be one of the most successful retailers in the UK, but it's not immune to problems linked to the coronavirus crisis and on Saturday it was reported that it's to throw in the towel with Go Outdoors.
The UK arm of failed Canadian footwear retailer Aldo is now in administration, the filing coming just a few weeks after the Canadian parent company filed for bankruptcy protection.
Fashion retailer Monsoon Accessorize is reportedly close to an administration filing due to the UK retail lockdown. As many as 3,500 jobs could be at risk if it goes under, but it's likely to survive in some form.
It looks like the £22.6 million takeover of Moss Bros will go ahead after the previously reluctant bidder withdrew its attempt to abandon the deal.
Diane von Furstenberg has closed her London store, which was located on Bruton Street in Mayfair, with the firm’s DVF UK subsidiary going into administration at the same time.