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Hospitality and leisure accounted for more than half of commercial business closures in the City of London last year, according to research by the Local Data Company.
The association is warning that without vape stores, former smokers “could be tempted back” to cigarettes Trade body the UK Vaping Industry Association is lobbying government to classify vape shops as essential retailers. The lobbying effort has been ongoing since the first national lockdown in March, but the association has redoubled its efforts, warning that former smokers who have made the switch to electronic alternatives “could be tempted back”. Furthermore, UKVIA says, many smokers will have made new year’s resolutions to quit, with vaping a good way to help them achieve th...
Department stores endure worst year since BHS collapse Large retailers have been pummelled by shifting tastes, internet shopping and the pandemic – but all is not lost 18 December 2020 • 12:00pm Department store chains serving the middle market have struggled to find their place in modern retailing Credit: Bloomberg The number of department stores in Britain looks set to fall below 1,000 next year for the first time in decades as the future for these retail giants looks increasingly grim. Eighty-two department stores closed their doors this year, making it the worst year since 2016 ...