Main Menu

Consumer & Retail

Rescue deal for retailer

M&Co confirms closure of 47 stores in pre-pack deal

M&Co
The company will keep more than 200 stores open Scottish fashion retailer M&Co has confirmed that 47 stores will close and 380 jobs will be axed in a pre-pack administrationRead More

Wednesday Update

DB Live: Wm Hill; L&G; WH Smith; St James Centre; Metro

Blair House, Musselburgh
4.45pm: London close Traders were encouraged by US stimulus and coronavirus vaccine hopes to push the FTSE 100 higher. The index closed up 68.72 points (1.14%) at 6,104.72. 4pm: BeirutRead More

Family firm in trouble

M&Co ‘sold in pre-pack administration’, shuts 50 shops

M&Co
Family-business facing slump in trade One of Scotland’s biggest family-owned retailers is expected to confirm weeks of speculation and call in administrators. M&Co, which trades from more than 260 stores,Read More

Monday Update

DB Live: Hays axes 880 jobs; DW Sports collapses; Hiscox loss

6.30pm: Hays Travel axes 880 jobs The travel company that rescued many of the Thomas Cook branches when it went bust last year has announced it is cutting 878 jobsRead More

Friday Update

DB Live: Davidson for Lords; PM delays easing; Halo praised

Ruth Davidson at election rally
5.30pm: Halo praised Scottish businesswoman Marie Macklin’s urban regeneration project in Kilmarnock has been praised by SEPA and international sustainability organisation Global Footprint Network for its net zero vision. TheRead More

One in eight shops vacant

More empty shops expected from virus fallout

Empty-shop-Glasgow-Buchanan-Street
One in eight shop units are vacant (pic: Terry Murden) Retail experts are forecasting a spike in vacancies as the fallout of the coronavirus pandemic is felt. One in eightRead More

Wednesday Update

DB Live: Fed rate; Santander; Barclays; Next; Weir; trusts merge

Barclays
9.30pm: US stocks rise as Fed holds US stocks gained ground and the dollar fell as the Federal Reserve’s decision to keep interest rates unchanged. “We have seen some signsRead More

Impact on high street

Warning for jobs and tax revenue as shops lose £1.9bn

Princes Street, Edinburgh
Shops suffered four months of double digit falls (pic: Terry Murden) Retailers in Scotland lost £1.9 billion in sales during the first four months of the Coronavirus pandemic, according toRead More

Watchdog takes action

Cost of car buying eased as sales commission banned

Car showroom Perth
Car selling will change Motorists are poised to save £165 million a year – typically about £275 per deal – after the financial services watchdog banned car salesmen and brokersRead More

First watch sold in 10 minutes

Luxury dedicated Rolex store opens in Glasgow

Marcus Robertson of Rolex store
Rolex store manager Marcus Robertson The Watches of Switzerland Group has opened Scotland’s first dedicated Rolex Boutique in a sign of confidence in the return of consumer spending. Launched asRead More