Tag: online retail

Lockdown has spelt the end for Gap's time on the British high street, with the clothing retailer announcing the closure of all its 81 stores in the U.K. and Ireland due to "market dynamics". Over 1,000 jobs will be lost.

Lockdowns across 2020 alone cost British "non-essential" retail £22 billion in lost sales, according to a new analysis by the British Retail Consortium.

Asos has more than tripled first-half profits with active customer numbers rising by 23 million. The impact of lockdown on the high street has, however, been catastrophic – 11,000 outlets closed last year alone.