All articles by Hugh Radojev – Page 92
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NewsBusiness rates holiday extension vital to prevent mass exodus from West End
An extension beyond next April of the existing business rates holiday or a reduction of rates by at least half is the only thing that will stop hundreds of retailers deciding to quit the West End in September, according to the New West End Company (NWEC).
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NewsProperty sector calls for £1.75bn ‘bounceback’ grant to stave off closures
Five industry trade bodies have called on the government to cover 50% of unpaid rents across the retail, hospitality and leisure sectors in a bid to stave off further closures and job losses.
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NewsUK headed for autumn job losses as third of businesses expect cuts
One in three UK businesses expect to make job cuts by October, according to a new poll that shows the effects of the coronavirus on the economy are beginning to accelerate.
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NewsWHSmith demands rent cuts as pandemic hits revenues
WHSmith has become the latest retailer to demand rent cuts from landlords in a bid to contain spiralling costs and offset sliding sales due to the coronavirus pandemic.
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NewsSuperdry takes out asset backed loan as sales slump due to coronavirus
Fashion retailer Superdry has opened a new asset backed lending (ABL) facility with its lenders as sales for the first quarter slumped due to the ongoing pandemic.
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NewsLidl launches Plus rewards and app in the UK
Discount supermarket Lidl has rolled out its Plus rewards and loyalty app in the UK today, a month after it first launched in Ireland.
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NewsUber food delivery overtakes ride sharing during lockdown
Ride-sharing app Uber’s latest set of results show its nascent food delivery business has overtaken its taxi service as people around the world stayed at home during lockdown.
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NewsRetail recovery in jeopardy as consumer confidence remains low
A new poll reveals that consumer confidence and spending intentions remain low due to the coronavirus crisis, which could put pay to any hopes of a quick recovery by retail.
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NewsJigsaw to launch CVA as coronavirus hits sales
Fashion brand Jigsaw is reportedly planning to launch a CVA next week, becoming the latest high street casualty of the coronavirus crisis.
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NewsAsos unveils new supply chain commitments for third-party brands
Fast-fashion giant Asos has published four new commitments required of third-party brands in the wake of the Leicester sweatshop scandal that engulfed the UK fashion industry.
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AnalysisFour ways retail landlords are ditching the rents status quo
Like so much else in the retail sector, the pandemic has accelerated existing trends in the retail property market. Retail Week looks at the actions taken by landlords Hammerson and the Crown Estate, and what they mean for the future of the industry
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NewsSegro profits surge due to coronavirus ‘accelerating adoption’ of ecommerce
Warehousing group Segro reported a surge in pre-tax profits for the first half of the year, driven by the effects of the coronavirus pushing more consumers to ecommerce.
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NewsAmazon eyes further Go sites on Regent Street and suburban London
Amazon is in discussion with landlords about taking further Go sites on Regent’s Street and in more suburban areas in south west London.
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NewsRiver Island mulls CVA as coronavirus hammers sales
River Island is the latest fashion retailer to consider undertaking a company voluntary arrangement due to the effects of the coronavirus on sales and store footfall.
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NewsCMA finally approves Amazon’s Deliveroo investment after 15-month investigation
The Competition and Markets Authority (CMA) has formally approved Amazon’s 16% investment in UK delivery app Deliveroo after a 15-month investigation.
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NewsDW Sports blames coronavirus closures for collapse into administration
Sportswear retailer and gym operator DW Sports has collapsed into administration putting some 1,700 jobs at risk across its estate.
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AnalysisAnalysis: Will mandatory face masks muzzle retail’s recovery?
Last Friday the government made face coverings mandatory for the public in all retail stores. Retail Week analyses what effect this will have on consumer confidence and economic recovery.
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AnalysisBorrowed time: Is retail hurtling towards a credit crunch?
When the government shut all non-essential retail stores in March many businesses were forced to increase borrowing to simply stay afloat. But are these levels of debt unsustainable? Retail Week looks at whether retail is facing a ticking liquidity time bomb.
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NewsFrasers Group accused of paying warehouse staff below minimum wage
Mike Ashley’s Frasers Group has again been accused of paying warehouse workers below minimum wage for the second time in five years.
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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.