All Covid-19 articles – Page 58
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NewsDigital retail sales soar to 12-year high as lockdown forces shoppers online
New data shows that online retail sales grew 32.7% year on year in May, marking the highest annual result since March 2008 as shoppers were forced online by the closure of stores due to the coronavirus pandemic.
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NewsGap losses spiral due to effects of coronavirus store closures
Clothing retailer Gap has reported losses of nearly $1bn due to store closures in the US and internationally during the coronavirus pandemic.
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NewsCoronavirus: Debenhams to reopen 50 stores from June 15
Embattled department store chain Debenhams has announced it will reopen 50 stores across England on June 15, following the closure of its estate due to the ongoing coronavirus pandemic.
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GalleryIn pictures: How international retailers have made stores safe post-lockdown
As the UK prepares to reopen ‘non-essential’ stores on June 15, we look at some of the innovative measures being deployed by retailers that are already back in business across the globe.
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AnalysisRetail 2020: Brands with purpose will thrive in the future, say 25 leaders
The coronavirus pandemic is set to have a long-lasting impact on the way consumers live their lives and how they want to shop, Retail Week’s flagship report finds.
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NewsConsumer confidence tumbles with ‘no sign of bounce-back’
Consumer confidence fell further at the end of May as uncertainty surrounding the post-lockdown economy continued to swirl.
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OpinionOpinion: Walmart is right – head offices must be an asset, not a burden
Retailers the world over have already had to make some huge strategic calls in their short-term responses to the coronavirus crisis.
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NewsWalmart presses ahead with new HQ plan despite Covid-19 crisis
Walmart is pressing ahead with plans to launch its new headquarters despite the switch to remote working sparked by the coronavirus crisis.
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NewsNew Look in crunch talks over ‘radical’ switch to turnover-based rents
New Look is pressing its landlords to make a “radical” switch to turnover-based rents as it seeks to slash its property bills amid the coronavirus crisis.
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OpinionOpinion: A golden age of retail localisation beckons
Along with the weekly big shop, the coronavirus pandemic has heralded a resurgence of another once feared-to-be-endangered species – the local shop.
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NewsM&S chair Norman: We are working in ‘ways we have never operated before’
The chair of Marks & Spencer says the coronavirus emergency has forced the retailer to operate “in ways we have never operated before”.
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NewsCo-op expands robot delivery service to meet doubling demand
The Co-op has expanded its robot delivery service in and around Milton Keynes to meet increased customer demand.
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AnalysisAnalysis: Can Primark afford not to sell online?
Primark parent company ABF’s financial director John Bason told Retail Week this week that going online was still “not a priority” and Primark would be as relevant as ever to shoppers through its reopened bricks-and-mortar stores.
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NewsShop prices fall at fastest rate since 2006 as Covid-19 hammers sales
Shop prices fell at their fastest rate since 2006 as the coronavirus crisis and non-essential store closures drove struggling retailers to launch big promotions in categories such as clothing and furniture.
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NewsAngling Direct swings to loss and blames winter flooding and store acquisitions
Specialist retailer Angling Direct reported a net loss before tax for the last financial year, which it blamed on new store acquisitions and a disappointing post-Christmas trading period.
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NewsIntu predicts rents to plummet as it eyes non-essential retail reopening
Embattled institutional landlord Intu has told investors it expects the amount it collects from rents and service charges to plummet this year as it unveiled its plans to reopen non-essential retail.
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OpinionOpinion: Via Outlets boss on how to cater for socially distant shopping
As Covid-19 spread across Europe and was declared a global pandemic, Via Outlets was ordered to close eight of its 11 premium fashion outlet centres spread across nine different European countries – specifically those in Central Europe and Iberia.
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NewsIkea strikes up partnership to drive circular economy ambitions
Ikea has partnered with sustainability charity The Ellen MacArthur Foundation in a bid to reduce product waste and ultimately become a circular business by 2030.
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NewsCard Factory full-year profits fall as it prepares for phased reopening
Card Factory has reported a drop in its full-year profits despite an increase in sales in a “challenging” year.
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OpinionOpinion: Covid-19 has exposed retail’s digital dawdlers
It would be no overstatement to suggest that the Covid-19 emergency has prompted one of the most seismic shifts in consumer behaviour in the last 100 years.