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Debenhams deal will thrust Boohoo to the top table of retailers, claims online fashion retailer’s billionaire co-founder By Daily Mail City & Finance Reporter Published: 21:51 GMT, 25 January 2021 | Updated: 21:51 GMT, 25 January 2021 Boohoo bosses have hailed its ‘transformational’ £55million deal to buy Debenhams as a stepping stone to it becoming … Read more
What are the extra charges and paperwork and why were they introduced? Shipping goods either way across the UK-EU border now takes longer and is more expensive since the UK left the EU’s Customs Union and Single Market. Since January 1 a new customs regime has been in place that treats the UK as an … Read more
High street retailers and luxury brands are burning or dumping products returned by EU customers due to the cost and trouble of bringing them back into the country – as online shoppers in Britain see prices rise by a third for items from Europe. The Brexit trade deal has seen many customers rejecting goods that … Read more
Post-Brexit shoppers are paying a third more for EU goods as red tape is confusing Continental retailers amid chaos at the ports. Tens of thousands of internet buyers are checking out without realising they will be asked to stump up extra VAT and customs duties when their parcel arrives. Delivery company DPD asked one shopper … Read more
Retailers across the UK have been struggling for years due to online competition and rising cost like rents and business rates. But the arrival of the Covid-19 pandemic was the final nail in the coffin for many of them. With ‘non-essential’ stores forced to close down to comply with and lockdowns and restrictions to curb … Read more
Ministers are drawing up plans to allow supermarket lorries to bypass queues at the Channel ports amid fears of food shortages in the UK. Certain vehicles will be given access to open lanes on the M20 in Kent during delays at the Port of Dover and the Eurotunnel terminal in order to cross the Channel, … Read more
What counts as essential retail NOW? Garden centres can stay open but hundreds of thousands of shops that had managed to stay open will close for at least six weeks By David Wilcock, Whitehall Correspondent For Mailonline Published: 21:44 GMT, 4 January 2021 | Updated: 22:26 GMT, 4 January 2021 FULL LIST OF BUSINESSES ALLOWED … Read more
High street retailers across the UK started 2020 facing tough conditions as customers increasingly looked towards online competitors, but no-one could have predicted the level of turmoil in store. The coronavirus pandemic led to temporary closures, social distancing and dwindling tourist numbers, which all weighed on UK towns and cities. A raft of retailers cut … Read more
Retailers see the first fall in sales since the initial lockdown in the spring as new Covid curbs hit the High Street Retail sales volumes fell 3.8% in November, the first fall in six months Clothing retailers saw biggest slump of 19% Only food and household retailers saw sales rise – by 3.1% and 1.6% … Read more
Several supermarkets have agreed to waive the business rates holiday and hand over the money saved. Here, we take a look at what it means: – What are business rates? Business rates are paid by every commercial property in the UK. They are similar to council tax for residential properties and are collected by local authorities … Read more