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Top News In அழைப்பு அது வசந்த Today - Breaking & Trending Today

FIFTH of Oxford Street shops now boarded up with 'no hope of recovery'

57 of 264 stores on Oxford Street already permanently shut with annual revenue falling to below £2billion
More than 50,000 retail and hospitality jobs set to be lost when third lockdown ends, industry group claims
New West End Company has warned the globally unique West End ecosystem is beginning to break down
It claims West End has suffered tougher financial hit from coronavirus pandemic than any other part of UK ....

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Boohoo boss' playboy son hails father's £55million Debenhams takeover

Boohoo has bought collapsed department store group Debenhams for £55m but will shut all remaining stores
Deal confirms Debenhams brand will disappear from high street after 242 years with up to 12,000 job losses
Boss Mahmud Kamani in battle with Amazon as he wants to dominate homeware and beauty as well as clothes
His son and PrettyLittleThing founder, Umar Kamani, says the family used to make weekly trips to Debenhams ....

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Retail sales slump by largest annual fall since records began as coronavirus causes 1.9% drop

Retail sales have plummeted by the largest amount since records began as the coronavirus pandemic paralysed the shopping sector.
A cycle of lockdowns and harsh restrictions to stop the spread of Covid-19 have seen High Streets decimated.
Today the Office for National Statistics said sales were down 1.9 per cent, the biggest slump since figures started being collated in 1996.
There was a slight 0.3 per cent rise in sales during December, but this was not enough to save the year.
The high street has been decimated by the strict restrictions and lockdowns this year
Normally busting parts of London remained abandoned this week under strict lockdown ....

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DSF: VAT-free shopping week announced in Dubai

DSF: VAT-free shopping week announced in Dubai
Web Report/Dubai
Photo: VisitDubai
Check out the full list of high-end brands that you can get tax-free.
The Dubai Shopping Festival (DSF) has just announced a week-long scheme that will let you shop without paying the Value-Added Tax (VAT).
Fashion lovers can enjoy “seven days of an additional five per cent off while shopping on their favourite big brands” with the ‘Club Apparel x 6thstreet.com DSF 24/7 VAT On Us’ promotion.
One of the “retail highlights” of the 26th edition of DSF organized by Dubai Festivals and Retail Establishment (DFRE) in collaboration with Club Apparel and 6thstreet.com residents and visitors can take advantage of the promotion from January 3 to 9. ....

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9 iconic Canadian brands that went bankrupt or filed for protection in 2020

From clothing retailers to entertainment powerhouses and iconic fashion chains, Canada lost some heavy hitters this year.
Here are some of the iconic Canuck brands that were forced to restructure, filed for bankruptcy, or sought protection from creditors in 2020.
Thanks to private investment money, some, like Mountain Equipment Co-op, will live to see another day. Others, like Papyrus, have shuttered physical locations permanently, closing a long retail chapter of storefront shopping.
Shutterstock
In October, Montreal-based fashion brand Le Château announced it would liquidate assets and wind down operations at all of its 123 stores. With cancelled events and celebrations this year, demand for its holiday party and occasional wear absolutely tanked, and the retailer said it had “no other option” than liquidation. Founded in 1959, the company employed 1,400 people. ....

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