Frasers Group continues to be one of the most active UK retailers in terms of new store openings and on Monday – as Scottish non-essential stores were allowed to reopen – it unveiled its newly refurbished Cruise store.
The financial cost of Covid could jump for many non-essential retailers, given a second High Court ruling over rent arrears. Retail group Frasers has been ordered to pay rents accrued since the start of the pandemic.
The Federal Aviation Administration said that rules took effect on Wednesday allowing for small drones to fly over people and at night, a significant step toward their eventual use for widespread commercial deliveries.
Hammerson said on Wednesday it sold seven retail parks to Canadian private-equity firm Brookfield Asset Management for 330 million pounds, marking the mall operator's exit from the UK retail parks sector.