All Covid-19 articles – Page 43
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NewsFenwick full-year losses widen as pre-pandemic sales slide
Fenwick has suffered widening losses and falling sales in a what is described as an “extremely challenging” year, Retail Week can reveal.
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OpinionAldi CEO Giles Hurley: ‘Families need grocers’ help more than ever this summer’
Before Covid-19, an estimated 3 million children in the UK were at risk of going hungry over the summer holidays. It is a particularly trying time for many parents who must stretch budgets to cover extra childcare costs and provide meals usually taken care of at school.
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NewsShopworkers’ union launches petition to protect retail staff
Trade union Usdaw’s leader Paddy Lillis has launched a House of Commons petition to help protect retail workers from violence and abuse.
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AnalysisMarks & Spencer job cuts – harsh medicine, but necessary
Marks & Spencer’s biggest round of job cuts ever has sent shockwaves through retail. Around 7,000 roles will be axed – and that is on top of 950 redundancies revealed just a month ago.
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NewsAsda eyes ecommerce expansion as online sales double
Asda has said it plans to expand its online delivery capacity to 1 million slots a week by next year after seeing online sales double in its second quarter.
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NewsGrocery sales lowest since pre-lockdown as market begins to return to normality
Sales of take-home groceries have fallen to their lowest levels since before the coronavirus plunged the UK into lockdown, according to the latest market share data.
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NewsSosandar remains in the red despite soaring sales
Sosandar reported another loss last year despite a jump in sales, with co-chief executives Ali Hall and Julie Lavington “cautiously optimistic” about the brand’s future.
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NewsM&S to axe 7,000 roles as coronavirus hammers sales
Marks & Spencer is set to cut 7,000 roles across the business in the next three months, as it looks to streamline its strategy amid the coronavirus pandemic.
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OpinionPeter Williams: ‘Covid caution means it will take years for city centres to recover’
In my lifetime we have never experienced anything like the Covid pandemic. In the last few months, we have seen seismic changes in the way that both consumers shop and we, as retailers, work.
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NewsRent the Runway to close all stores to focus on ecommerce
Clothing rental business Rent the Runway has decided not to reopen its five bricks-and-mortar stores in the USA due to the Covid-19 pandemic and will focus instead on ecommerce.
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NewsSelfridges puts repair and resale on agenda with ‘transformational’ sustainability push
Department store group Selfridges has launched a sustainability initiative described as “transformational” and which will “change the way we shop” over the next five years.
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NewsRetail Week Awards teams up with retailTRUST to celebrate and support sector
The Retail Week Awards is introducing a series of new categories and joining forces with retailTRUST in 2021 to celebrate and support the industry in the wake of the coronavirus pandemic.
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NewsNearly 300 staff test positive for coronavirus at M&S sandwich supplier
Almost 300 staff have been forced into self-isolation after testing positive for the coronavirus at a Northamptonshire-based sandwich supplier for Marks & Spencer.
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NewsRiver Island to slash another 350 jobs as coronavirus continues to take toll
Fashion retailer River Island is set to slash 350 jobs across its store estate as it battles to survive the ongoing coronavirus crisis.
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NewsBike stores take prime city locations amid cycling boom
City centres have seen an influx of bike shops in prime locations as consumers have taken to cycling during lockdown.
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Opinion‘After restaurants’ beanfeast, it’s time to launch Shop Out to Help Out’
Rishi Sunak’s Eat Out to Help Out scheme has been a huge success, for which the chancellor deserves credit. Retailers should find ways to replicate it.
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NewsNew Look launches CVA and recapitalisation
Embattled fashion retailer New Look has launched a company voluntary arrangement (CVA) in a bid to “rebase” its existing leasing portfolio.
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NewsEtailer Very’s sales surpass £2bn as new customers double in lockdown
The Very Group has registered a jump in fourth quarter sales and says it is on track to return to full-year profitability in what boss Henry Birch describes as “a really fantastic performance”.
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NewsTopps Tiles expects ‘modest’ profit as sales recover
Topps Tiles has said it now expects to turn a “modest” profit this year following a bounce back in retail sales.
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NewsWatches of Switzerland profits rise despite Covid-19 impact
Watches of Switzerland has posted an increase in full-year profits despite the impact of the coronavirus crisis.