Forbes Solicitors
Retail eNews
August 2021

Is the high street truly dead?

 

Employee Ownership Trusts within the Retail Sector

 

Is it safe for retailers to say goodbye to masks?


Is the high street truly dead?

There is currently a downward trend in high street shopping, mainly due to an increase in shopping online. This has been accelerated by the pandemic as high street shops have been forced to close and ultimately improve their online services to retain customers. The impact has been so great that, in 2020, more than 17,500 high street shops were lost.

The slow lifting of lockdown restrictions accompanied by the excitement of the Euros 2021 has put a halt to this decline.

 

What is drop-shipping?

Drop-shipping is a form of supply chain management, whereby a secondary retailer (the "drop-shipper"), typically taking the form of an online e-commerce platform, accepts a customer's order and, rather than holding the necessary stock to fulfil such order, it relies upon the primary manufacturer or distributor to ship the goods directly to the customer. 

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Employee Ownership Trusts within the Retail Sector

An Employee Ownership Trust (EOT) is an alternative business ownership structure with specific benefits to both owners and employees. It involves the employees of the business holding a controlling stake in a trading company via a specifically designed trust, often appointing an advisory council and operating to a set of previously agreed on principles for the future management and progression of the company.

 

S Franses Ltd v The Cavendish Hotel (London) Ltd 2021

Determining Retail Interim Rents in a Pandemic

Background

S Franses Ltd leased premises on the ground floor of The Cavendish Hotel in London[HM1] . The Lease[HM2] benefitted from the security of tenure under the Landlord and Tenant Act 1954, which gives business tenants renewal rights.

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Is it safe for retailers to say goodbye to masks?

Following "Freedom Day" customers and employees are no longer legally required to wear face coverings from Monday 19 July 2021. Masks have been a contentious issue throughout the pandemic.

There is an identifiable conflict between the government advice and requirements for each retailer. The government have failed to provide clear guidance for retailers, as although the legal requirement to wear masks indoors has been eradicated, there is still an expectation and obligation to wear masks indoors and in large-crowded spaces.

 

Landlord's Remedies for non-payment of rent - July 2021

We are expecting legislation to introduce Arbitration for Landlords and Tenants and for the ring fencing of 'COVID' arrears.

The CIGB introduces a moratorium which will provide a breathing space for eligible companies to allow them to enter into negotiations with creditors and will restrict filings for insolvency proceedings and enforcement and legal proceedings, and the enforcement of security during that period.

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Post Brexit recruitment challenges - Report shows unprecedented candidate shortage for UK jobs

The latest KPMG and Recruitment and Employment Confederation (REC) report on jobs survey showed recruitment activity surged in June amid greater demand for staff and the return to more normal business conditions as coronavirus lockdown measures eased.

However, the availability of workers to fill the vacancies declined at an unprecedented rate in both permanent and temporary staff. Rising demand for staff to fill vacancies resulted in the sharpest salary inflation rate in almost 24 years of data collection.

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