Online retail sales soared to a new record high in February but this failed to offset another dire month for shops as they remained closed during lockdown, new figures show.
Shopper footfall has “crashed”, falling just under 70% in a year, an industry body has found.
The automotive industry has downgraded its expectations for the year following the worst February for car sales since 1959.
Demand for new cars fell by 36% last month compared with February 2020, preliminary figures show.
Chancellor Rishi Sunak has said that the business rates holiday will be extended until the end of June for hard-hit retail, hospitality and leisure firms before shifting to a two-thirds discount for the rest of the year.
Shop prices continued to fall last month at a faster rate than January, according to new data.
The boss of Hotel Chocolat has said all 125 stores will reopen once Covid-19 restrictions are eased and there no plans to shut any permanently.
Britons have spent £15.2 billion more on groceries during the pandemic as lockdowns and restrictions over the past year have forced the closure of bars, pubs and restaurants, new figures show.
Budget supermarket Lidl has issued an urgent recall over concerns one of its meat products may contain pieces of plastic.
Sainsbury’s will increase salaries for staff at its supermarkets and Argos stores and pay a bonus to frontline workers, the third since the pandemic started, the retailer said.
Pets At Home has upgraded its profits guidance for the City for the fourth time since September, as the pandemic boost in pet ownership shows no sign of letting up.
Made.com is closing in on a London stock market listing worth up to £1 billion after picking a trio of investment banks to advise on the online furniture retailer’s flotation.
Bosses at the owner of fast fashion high street retailer Primark believe they will have lost out on sales of £1.1 billion as a result of the increased Covid-19 restrictions and lockdowns of the past six months.
UK retail sales plunged in the year to February after non-essential stores shut their doors, while retailer expectations for the next month have fallen to their lowest on record, according to new figures.
UK retail sales plunged in January as vast swathes of high street stores kept their doors shut in the latest national lockdown, according to new figures.
Business rates for retailers on the high street should be cut by 35% with the commercial property tax increased for online rival warehouses instead, according to the chief executive of Next.
Retail experts have warned that recent job losses will be the “tip of the iceberg” without further support from the Treasury, as new figures reveal about 850 jobs have been lost from the sector each working day since the start of the year.
Lockdown measures have cost non-food retailers around £22 billion in lost sales since the start of the pandemic, according to new figures.
The boss of Dunelm has said he agrees with rules that allowed his supermarket rivals to keep selling homewares while his business was forced to close.
Online personalised gift retailer notonthehighstreet has been bought by a US private equity firm after seeing annual sales jump 50% thanks to the surge in internet shopping.
Mike Ashley-led Frasers Group has sold its almost-25% stake in French Connection after the troubled fashion brand was targeted by potential buyers.
Retail footfall went “from bad to worse” in January as shoppers stayed at home during the latest national lockdown, according to new figures.
Shopper footfall has “nosedived” in the latest lockdown, falling by just under 75%, an industry body has found.
North East MSP Liam Kerr has accused First Minister Nicola Sturgeon of giving Aberdeen a "slap in the face" after he asked a question on the city's retail future.
Around 13,000 jobs and turnover worth £3.48 billion were lost in the retail sector during the five years before the pandemic, industry experts have said.
Coronavirus restrictions have stopped many people from seeing their friends and relatives over the past year.
Bosses at Boohoo have said they are in exclusive talks to buy some of the remnants of Sir Philip Green’s high street empire, as online fashion giants cap off a week of dominance over their brick-and-mortar rivals.
One in seven shops in Scotland is currently empty.
Paperchase has secured a rescue deal which will preserve around 1,000 jobs and the majority of stores after tumbling into administration.
Our post offices have sadly diminished and now our banks are practically all gone.