Clothing spend rose last month but the UK retail sector remains on a knife-edge with consumer confidence weak and supply chain issues a big worry, the monthly Barclaycard and BRC reports showed on Tuesday.
As so-called Freedom day approaches on Monday, there’s still a certain amount of nervousness among retailers in England (and their customers) over the ending of the legal requirement to wear face coverings in-store.
Mind the gap. Women in managerial and directorial roles in the UK retail sector are paid 21.1% less than their male counterparts, according to a new study. And among all employees, the gender pay gap stands at 15.5%.
The company seen as the frontrunner to win the Topshop auction surprised observers late on Thursday as it emerged Next had pulled out of bidding for the most valuable name in the Arcadia basket of brands.
British Land, which counts Meadowhall and Drake Circus among its retail assets, said that it has sold £456m worth of retail properties since the beginning of the pandemic and is planning to sell more.