All Covid-19 articles – Page 48
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NewsHotel Chocolat to meet profit expectations as sales rise
Hotel Chocolat expects to hit full-year profit guidance as full-year sales rose despite a decline in revenues during lockdown.
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NewsConsumer confidence holds steady despite mounting job losses
Consumer confidence held its position in July as shoppers’ trepidation about the economy was offset by increased optimism in their personal finances.
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VideoFace time: Brewdog exec David McDowall on D2C, drones and Dominic Cummings
Brewdog chief operating officer David McDowall discusses how the Scotland-based brewery threw its business plan “right out the window” during the coronavirus crisis, shifting focus to its direct-to-consumer proposition and “doing good” for communities and charities.
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NewsGovernment issues new guidance on face coverings in England
The government has issued its full guidance on mandatory face covering in shops in England, less than 12 hours before the rules are due to come into force.
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NewsJapan’s three biggest convenience retailers to trial joint delivery service
The three biggest convenience store brands in Japan are experimenting with a joint delivery service in a bid to reduce the number of delivery vans on the roads.
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Opinion‘Retail hasn’t been left behind by the government – it’s evolving’
On the back of the government’s latest economic update, I’ve read some people saying that retail has gotten used to being ignored by set pieces from chancellors, past and present.
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NewsYoox Net-a-Porter and Armani launch new partnership
Luxury fashion etailer Yoox Net-a-Porter has tied up with Armani on a new initiative to innovate the designer’s distribution network.
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NewsUnilever beats sales forecasts despite coronavirus crisis
Unilever surpassed its sales expectations despite turnover weakening in emerging markets due to the ongoing coronavirus pandemic.
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NewsFrasers Group hits out at business rates revaluation delay
Mike Ashley’s Frasers Group has hit out at the government, saying it looks on with “anguish and bewilderment” at its decision to delay the next business rates revaluation until 2023.
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Opinion‘Retail can ill afford another business rates review that fizzles out’
As night follows day, the beginning of another financial year also brings another government review into business rates reform. However, with the sector reeling from the coronavirus, this latest call for evidence gives reasons for optimism.
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NewsKingfisher revenues rise as online sales treble in lockdown
Kingfisher has posted a spike in second-quarter sales following “strong demand” across its European markets and online.
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Opinion‘Walmart’s Asda Price must be right to secure private equity backing’
On, then off. On, then off. And now back on again. Walmart has resumed efforts to sell off a majority stake in Asda – and hopes it will prove to be third time lucky.
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NewsSuperdry stake snapped up by activist investor
Hedge fund Gatemore Capital has acquired a stake in Superdry and cited confidence in chief executive Julian Dunkerton’s vision for the future of the business.
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NewsMatalan crashes to first-quarter loss as lockdown hits bottom line
Matalan has tumbled into the red on its first-quarter result as boss Jason Hargreaves described coronavirus as “the biggest challenge ever faced by the sector”.
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NewsDelivery firm Hermes to create 10,500 jobs to capitalise on UK ecommerce boom
Delivery giant Hermes has said it plans to create some 10,500 jobs in the UK after seeing a surge in demand from people shopping at home during the coronavirus lockdown.
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NewsCo-op staff don face coverings early to encourage consumer use
Staff at one of the biggest Co-ops began wearing face coverings yesterday to promote their use ahead of them becoming compulsory for shoppers on Friday.
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NewsTed Baker encouraged by recent trading and online growth
Ted Baker has reported “resilient trading” despite the impact of the coronavirus pandemic and is encouraged by progress on its transformation plan.
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NewsWeek five of trading post-lockdown – the data you need to know
While footfall increased for the fifth straight week since non-essential stores were allowed to reopen, the level of increase appears to be tapering off and is still well short of normal levels.
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NewsMarks & Spencer axes 950 jobs as it ‘accelerates transformation’
Marks & Spencer is to cut almost 1,000 jobs as it reshapes operations through the ‘Never the Same Again’ programme unveiled as the coronavirus pandemic hit.
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AnalysisGoodbye Piccadilly, farewell Leicester Square: Where are retail’s new property hotspots?
People are travelling less, working from home more and less inclined to congregate in busy public spaces – will this change where retailers want to open stores?