All articles by Grace Bowden – Page 24
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NewsBoots to temporarily shut 60 stores and redeploy pharmacists
Boots will temporarily close 60 stores in city and shopping centre locations over the next week.
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NewsCoronavirus: Holland & Barrett remains open despite staff calls for closures
Holland & Barrett has qualified as an ‘essential’ retailer as defined by government guidelines, but staff are campaigning for closures.
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NewsAsos profits jump as it orders £200m equity raise to cope with coronavirus
Asos has launched an equity share raise and extended its revolving credit facility to deal with the impact coronavirus on its business.
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NewsTesco full-year profits rise as it incurs ‘significant’ coronavirus costs
Tesco has warned that the impact of coronavirus could cost its business as much as £925m as the grocer posts uplifts in full-year profits and UK sales.
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NewsDebenhams intends to appoint administrators
Debenhams has filed a notice of intention to appoint administrators in a bid to protect the business from liquidation.
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NewsDebenhams puts administrators on standby amid coronavirus disruption
Debenhams stakeholders are understood to be preparing to place the department store chain into administration as soon as next week.
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NewsKingfisher donates £1m of protective medical equipment to health services
B&Q owner Kingfisher is set to divert all of its remaining stock of personal protective equipment (PPE) to frontline healthcare workers across Europe.
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News
Shop prices fall as food inflation eases pre-coronavirus
Shop prices fell in March driven by falling non-food prices and easing food inflation, but BRC boss Helen Dickinson warns that grocery prices may rise amid seasonal shift and increased demand.
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NewsCoronavirus: Poundland puts 100 stores into ‘hibernation’
Poundland is placing 100 of its stores into “hibernation” this week as part of efforts to stem the spread of coronavirus, Retail Week can reveal.
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NewsArcadia defers pension payments and cancels supplier orders
Topshop parent company Arcadia has launched a series of measures to cut down on costs amid the coronavirus crisis, including deferring payment into its pension scheme.
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NewsM&S launches food boxes for household essentials
Marks & Spencer has launched a new grocery initiative that will allow shoppers to order food boxes online filled with 20 household essentials.
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AnalysisAnalysis: Can non-essential retailers trade online without damaging their brand?
Since the government forced all ‘non-essential’ shops to close last Monday, many retailers have found themselves at something of an impasse.
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NewsBrighthouse falls into administration following coronavirus store closures
Rent-to-own retailer Brighthouse has tumbled into administration, putting 2,400 jobs at risk.
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NewsRiver Island to shut distribution centre amid coronavirus crackdown
River Island says it will close down its UK warehouse by the end of this week in a bid to “protect the health of our employees”.
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NewsSchuh closes online operations to ensure staff ‘safety’ amid coronavirus outbreak
Schuh is temporarily shuttering its online operation alongside store closures “to ensure the safety of our teams and customers”.
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NewsUK government teams up with supermarkets to target vulnerable customers
Supermarkets will be provided access to government databases to help prioritise deliveries to elderly and vulnerable customers.
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NewsCoronavirus: Intu receives less than a third of quarterly rent payments
Intu has removed its full-year financial guidance and warned that it may break banking covenants after receiving just 29% of its quarterly rent payments from tenants.
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NewsCoronavirus: M&S and Deliveroo team up for grocery delivery service
Marks & Spencer will start selling a range of products on Deliveroo for the first time in a bid to meet demand from shoppers social distancing as a result of coronavirus.
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NewsTed Baker sells London HQ, warns of coronavirus sales slump
Ted Baker has sold its London headquarters in a £79m deal and increased its loan facility after warning that coronavirus-related store closures have shuttered the majority of its global store estate.
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NewsCoronavirus: Government orders pubs and restaurants to close, defers VAT payments
The government has ordered that a range of businesses including pubs, clubs and restaurants close from tonight and unveiled a VAT deferral scheme as part of a support package for businesses hit by the coronavirus pandemic.