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‘Bleak future’ for UK pubs as they mark a year since first lockdown closures

‘Bleak future’ for UK pubs as they mark a year since first lockdown closures

Business
UK pubs face a "bleak future" as they mark a year since being forced to close due to the first coronavirus lockdown.Dave Mountford, a publican and campaigner at the Forum for British Pubs, told Sky News that at least 2,000 pubs have already closed permanently. He said the remainder will need significant financial help. "Pubs will need additional financial support for years if they are to recover from this," Mr Mountford said."Many pubs will be reopening with a huge amount of debt. They took bounce-back loans but this industry hasn't bounced back and we don't know if drinkers will even return to wet-pubs. ...
John Lewis warns of further store closures

John Lewis warns of further store closures

Business
Retail giant John Lewis has warned of further store closures as it reported huge losses due to Covid-related lockdowns that forced shops to shut.The group swung to a loss of £517m for the year to January, against profits of £146m the previous year.The retailer said it "does not expect" all of its department stores to reopen once lockdown restrictions ease.It has previously been reported the chain was considering closing up to eight more stores to try to cut costs.Any further closures would be in addition to eight already announced in 2020.It did not say how many of its 42 John Lewis shops were under threat, but said it was in talks with landlords and would make a final decision at the end of March.The rise in internet shopping, accelerated by various lockdown measures amid the coronavirus ...
Shop closures hit record level as ‘golden quarter’ lost to COVID

Shop closures hit record level as ‘golden quarter’ lost to COVID

Business
A record percentage of retail space is lying empty as the coronavirus crisis places intolerable pressure on businesses, according to industry data.The latest BRC-LDC vacancy monitor, which excludes stores forced to shut their doors because of COVID-19 restrictions, found 13.7% of all shops were empty in the final quarter of 2020. Store vacancies had stood at 13.2% in the previous three months to September - a time when the sector had hoped to be in a position to recover lost sales in the run-up to the so-called golden quarter of Christmas. But a renewed tightening of restrictions UK-wide to control the spread of the virus, including lockdowns, since has meant that many retail businesses missed out on the chance to fully cash in.Retail parks fared best with no change at 10% though shopp...
Warhammer sales surge for Games Workshop despite shop closures

Warhammer sales surge for Games Workshop despite shop closures

Business
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Boxing Day sales hit as COVID closures drive down spending

Boxing Day sales hit as COVID closures drive down spending

Business
Boxing Day sales are expected to fall by more than a quarter compared with last year, despite some shoppers queueing in the early hours in some areas under lighter restrictions.Footfall for the sales is already down 60% in the UK up to 12pm - largely due to non-essential shops being closed across swathes of Britain under the tightest coronavirus restrictions. It followed a call from Boris Johnson for people to avoid Boxing Day crowds as COVID-19 cases continue to rise in many areas. Image: An empty Regent Street in London Image: Nearby Oxford Street was packed with shoppers on Boxing Day in 2019 Famous shopping streets were practically empty in areas such as Edinburgh and Londo...