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Wilko collapse takes retail job losses to 100,000 since 2020

Retail Gazette

The 12,500 jobs at risk from Wilko’s collapse is set to take the number of job losses on the high street to more than 100,000 since 2020, according to new figures from the Centre for Retail Research. Some 24,179 jobs were lost in 2021 and 53,364 jobs were aced in 2020 when the pandemic took its toll.

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Retailers suffer longest dip in sales since Covid-19 lockdown

Retail Gazette

Retailers are suffering from the longest dip in sales since the 2020 pandemic as consumers cut back for the fifth consecutive month. Click here to sign up to Retail Gazette‘s free daily email newsletter Like-for-like sales across fashion, homewares and lifestyle slipped 1.3% Fashion was hit the hardest, with overall sales down 4.8%

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Retail bosses lose hope government will scrap tourist tax

Retail Gazette

Back in February, Chancellor Jeremy Hunt asked the Office for Budget Responsibility (OBR) to “examine the costs and benefits” of the scheme, which Rishi Sunak decided to end in 2020. “We Click here to sign up to Retail Gazette‘s free daily email newsletter

Shopping 103
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Carpetright drafts in advisers to cut costs

Retail Gazette

in the prior 18 months to October 31, 2020. Click here to sign up to Retail Gazette‘s free daily email newsletter In the 14 months to January 1, 2022, the company posted revenues of £372.6m down from £493.2m

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Pret A Manger co-founder returns amid boardroom shake-up

Retail Gazette

After spearheading the acquisition, Meyer became a board member in 2018 and also served as interim chief financial officer at the height of Covid-19 back in 2020. Click here to sign up to Retail Gazette‘s free daily email newsletter

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Evri owner prepares £2bn sale of the business

Retail Gazette

Advent International purchased a 75% stake in Evri, previously Hermes UK, in 2020 for a reported £850m. Click here to sign up to Retail Gazette‘s free daily email newsletter The private equity company is working with advisors from Rothschild to look at options for the firm, such as a potential sale, according to The Sunday Times.

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Superdry boss: Not reinstating tax-free shopping is a ‘self-inflicted wound’

Retail Gazette

.” Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning This is not the first time Dunkerton has raised concerns over the end of tax-free shopping , which prime minister Rishi Sunak scrapped in 2020. Click here to sign up to Retail Gazette‘s free daily email newsletter