Luxury British shirt-maker Charles Tyrwhitt has agreed a new £26m financing facility with Lloyds Bank as it continues to strengthen its business and seek future opportunities. The package comprises a refinancing of an existing facility along with additional funding. Although Charles Tyrwhitt’s 41 stores have remained closed during the government-imposed lockdown, its market-leading online business […]
There was plenty of good news for Britain’s beleaguered high street retailers in July’s Office of National Statistics (ONS) retail figures released today, says the e-commerce delivery expert ParcelHero. The latest statistics reveal sales values rose 4.4% over June, with the amount of sales actually 3% up on February’s pre-pandemic levels. In contrast to clothing […]
Responding to the latest ONS Retail Sales Index figures, which showed a 2.7% increase in overall sales (retail sales excluding fuel: J3L2), Helen Dickinson, chief executive of the British Retail Consortium, said: “The latest ONS sales results mask a crisis under way in some parts of the retail industry. While food and online have shown […]
Boe House, the owner of Baby Box Shop, has received a £160,000 loan from Rosebud Finance, Lancashire County Council’s investment vehicle delivered by GC Business Finance, to help it create jobs and increase export sales following support from Lancashire’s Access to Finance team. During 2016, husband and wife, Owen and Kim Burrows, began to design […]
The project, titled ‘Project Endeavour’, sees Christie & Co bring to market a selection of 37 Bargain Booze, Wine Rack, Select Convenience and Central Convenience stores from across the UK which no longer fit Bestway Retail’s future strategy. All of these stores were acquired from the Administrators of Bargain Booze Ltd in 2018 when Bestway […]
Covid-19 has caused Christmas to begin earlier than usual in the UK, with over a quarter (27%) of consumers planning to start Christmas shopping and preparations earlier than they did last year. That’s according to new research published today by eBay Advertising, which reveals the expected impact of the pandemic on this year’s festivities and […]
British fashion and lifestyle brand White Stuff is to accelerate its shift to digital-driven retail as it grapples with the challenges posed by Covid-19, with the support of a Coronavirus Large Business Interruption Loan Scheme (CLBILS) package from Lloyds Bank. The London based retailer has secured the revolving credit facility with its long-standing banking partner […]
Covering the four weeks 5 July – 1 August On a total basis, sales increased by 3.2% in July, against an increase of 0.5% in July 2019*, It is above the 3-month average growth of 0.4% and the 12m average decline of 1.9%. This is the second consecutive month of growth since the start of […]
Secure Trust Bank Commercial Finance has provided Bradburys Cheese with a £1.5m loan as part of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). This was the first CLBILS loan provided by Secure Trust Bank, which became the first alternative finance provider to be accredited under the coronavirus business loan scheme. Bradburys Cheese, formed in […]
Two regions in the UK hardest hit by the pandemic are to receive a boost with new gift card programmes designed to stimulate the local economy. Southport and East Ayrshire launched Town and City Gift Cards in association with Scottish tech firm Miconex in early August. In East Ayrshire, the scheme is a joint initiative […]
