Official data on Friday showed that June’s retail sales volumes rose 13.9% month-on-month in June “as non-food and fuel stores continue their recovery from the sharp falls since the start of the pandemic”.
John Lewis’s plan to close its Birmingham department store has pitted its current chairman Sharon White against former boss Andy Street, who oversaw the location’s opening and is now the city's mayor.
The UK government’s latest decision to postpone its business rates revaluation once more has been criticised by property specialists who have repeated their calls for fundamental reform of the system of property taxes.
E-tail giant eBay has sold its Classifieds Group that includes Gumtree, its UK-based business, to rival Adevinta. The $9.2bn deal sees the Oslo-based firm paying $2.5bn in cash and eBay gets a 44% stake in the new owner.
Fragrance and flavour maker Givaudan said it was on track to meet its 2020 guidance after net profit rose 9% and like-for-like sales grew 4% in the first half as consumers kept buying soap during the Covid-19 pandemic.
UK footfall may have been on a generally upward trajectory since stores reopened last month, but it has been unable to maintain the double-digit increase seen in the early days of reopening and London is still weak.