All Covid-19 articles – Page 53
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NewsThe Hut Group ponders £4bn share sale
Online powerhouse The Hut Group is in talks with potential investors about a sale of shares that could value it at as much as £4bn.
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NewsPensions giant pushes for Intu Trafford Centre sale
A pensions group that took control of the Trafford Centre when owner Intu collapsed on Friday hopes to secure a speedy sale of the trophy mall.
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AnalysisAnalysis: What Tesco’s ‘coronavirus quarter’ reveals about the future of grocery
Tesco chief executive Dave Lewis signed off his tenure by detailing a trading period “beyond imagination” as the coronavirus pandemic transformed food shopping patterns. We look at the implications for Tesco and the grocery market.
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NewsTesco blindsided by shareholder revolt on executive pay
UK’s biggest grocer Tesco has suffered a major shareholder revolt over executive pay, despite posting impressive first quarter results earlier today.
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NewsH&M sales slip but retailer predicts imminent recovery
H&M reported that its sales slumped during the first half of the year as the effects of the pandemic bit, but predicted that a recovery was on the horizon.
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NewsIntu slumps into administration but confirms centres will stay open
After long-running talks with creditors failed last night, Intu has finally slipped into administration but confirmed its shopping centres would continue to trade for the time being.
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NewsNike sales plunge amid pandemic store closures
Nike has posted a drop in its quarterly sales with rising online revenue failing to offset declines.
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NewsTesco first-quarter sales jump driven by lockdown ecommerce surge
Tesco has reported strong sales growth in its first quarter bolstered by online as lockdown measures prompted a surge in demand.
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NewsIntu administration looms as financing talks fail
Embattled retail landlord Intu has said it is ‘likely’ to appoint administrators as negotiations with its lenders stall.
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NewsRetail landlords collect less than 15% of rent owed on quarter day
Retail landlords received a fraction of due rent on quarterly rent day earlier this week, with Boots among the big name retailers that withheld some payments.
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OpinionOpinion: How to sustain team culture while home working
The office dynamic cannot be replicated entirely at home, but businesses can take steps to ensure people continue to feel engaged and valued
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NewsCo-op urges government intervention after attacks on staff increase
The Co-op’s food boss has warned that the coronavirus pandemic has seen an increase in violence against staff and called on the government to urgently introduce legislation to protect shopworkers.
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NewsMatalan bolsters board as full-year profits fall
Matalan’s full-year profits dropped despite a slight uptick in revenues, amid a challenging backdrop of political uncertainty and decreased spending.
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NewsN Brown profits and sales slump in ‘year of restructuring’
N Brown has reported falling profits and sales across its brands in what it called a “year of restructuring”.
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AnalysisAnalysis: Five socially distanced shopping trends that are here to stay
From virtual interior design consultations to drive-thru collections, retailers have had to re-examine how they do business in the wake of coronavirus. Retail Week takes a look at the measures that will have staying power long after the two-metre rule has been scrapped.
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AnalysisData: Consumers plan to rein in spending for the next 12 months
Exclusive consumer research by Retail Week reveals that shoppers plan to rein in their spending in the next 12 months as they reconsider their purchasing habits in the wake of the global pandemic
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NewsCMA clears Amazon-Deliveroo tie-up despite financial turnaround
The competitions watchdog has once again provisionally cleared ecommerce giant Amazon’s investment in food delivery app Deliveroo, despite the latter’s financial turnaround.
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AnalysisGo Outdoors rent day pre-pack – is JD Sports right to shaft landlords?
JD Sports has become embroiled in controversy after putting subsidiary Go Outdoors into administration before promptly buying it back and seeking to secure better rent deals. But should JD be cheered or jeered?
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NewsVery Group axes 141 roles in tech-driven restructure
The Very Group is cutting a number of roles across its head office and customer care team as it transforms its business in the wake of the coronavirus pandemic.
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NewsBeaverbrooks sales soar as shoppers flock back to stores
Jewellery retailer Beaverbrooks has reported a marked increase in sales in the week following its reopening of stores on June 15.