All articles by Grace Bowden – Page 22
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NewsMike Ashley praises staff as Frasers Group readies to ‘potentially’ reopen stores
Frasers Group, formerly known as Sports Direct International, has said that it will pay 100% of salaries for the majority of its employees in May.
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News‘Battered’ consumer confidence declines in May
Consumer confidence edged down this month as shopper concerns about the economy amid the coronavirus pandemic increased.
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NewsUK furniture stores set to reopen for bank holiday trading
Furniture Village and DFS are both planning to reopen stores in time for the bank holiday weekend.
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NewsPets at Home full-year profits rise as sales surpass £1bn
Pets at Home has reported a surge in its full-year profits and sales but warns that coronavirus costs will impact its bottom line in the year ahead.
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NewsFacebook squares up to Amazon with online shopping rollout
Facebook has accelerated and extended the launch of its shopping platform because of coronavirus.
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NewsTed Baker poaches Topshop director to drive brand revival
Ted Baker has snapped up Topshop design boss Anthony Cuthbertson for the role of global creative director.
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AnalysisAnalysis: The steps retailers need to take before reopening stores
Non-essential retailers are gearing up to reopen stores in two weeks’ time. What action should they be taking to make sure staff and customers are safe?
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NewsIntu seeks debt standstill as it braces to breach covenants
Retail property titan Intu has warned that it is “likely” to breach its covenants next month and is negotiating with lenders to freeze its debts during the coronavirus pandemic.
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NewsRetailers’ fortunes flag on Sunday Times Rich List
A number of retailers have fallen in the rankings in The Sunday Times Rich List 2020 as tough market conditions impact their personal fortunes.
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NewsJC Penney declares bankruptcy amid coronavirus pandemic
The US department store chain JC Penney, which filed for bankruptcy on Friday, is reportedly the largest retail casualty of the pandemic-induced economic downturn so far.
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VideoFace time: Poundland boss Williams on trading on pandemic-hit high streets
Poundland managing director Barry Williams talks to Retail Week about the challenges of trading during the coronavirus pandemic, which has seen “10 years of consumer behaviour condensed into 10 weeks”.
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NewsRetail sales record sharpest decline on record despite online surge
Retail sales in April registered a record decline as comparatively subdued Easter grocery sales compounded non-essential shop shutdowns.
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NewsCoronavirus: Dobbies to reopen UK garden centres
Garden centre operator Dobbies will reopen its 54-strong UK store estate from tomorrow with social distancing measures in place.
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VideoFace time: Theo Paphitis says retail ‘will never be the same’ after coronavirus
Retail entrepreneur Theo Paphitis discusses the impact of the pandemic on retail property and trading, and says none of his stable of brands will trade in the same way that they did before the pandemic.
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NewsMatalan founder Hargreaves asks lenders for £50m cash injection
Matalan founder and owner John Hargreaves has reportedly tapped existing lenders for a £50m loan.
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NewsJD Sports and Sports Direct square up for Office takeover
Retail rivals JD Sports’ Peter Cowgill and Sports Direct’s Mike Ashley are among the prospective bidders for footwear chain Office.
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NewsCoronavirus: UK shops could reopen in June, says PM
The prime minister says that some shops may be able to reopen as early as next month as part of a phased easing of lockdown measures.
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AnalysisAnalysis: Can Next become a force to be reckoned with in beauty retail?
Hours after Debenhams confirmed that it would exit its five store across Hammerson-owned shopping centres, Next unveiled details of an unikely swoop.
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NewsNext swoops on Debenhams sites for new beauty store format
Next has snapped up five stores across Hammerson’s estate which Debenhams is exiting for the launch of a new beauty store concept.
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NewsSuperdry full-year sales slide as it explores financing options
Superdry has reported a slump in full-year sales exacerbated by the outbreak of coronavirus.