More on Me + Em – Page 588
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NewsCoronavirus: Asda cancels clothing orders with suppliers
Supermarket chain Asda has become the latest retailer to turn up the pressure by cancelling orders and reneging on full payments to its clothing suppliers.
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NewsDFS in ‘advanced stages’ of financing discussions as it mulls equity raise
DFS has said it is in “advanced stages” of negotiation with lenders over additional financing and is mulling the possibility of an equity raise as it battles to ride out the coronavirus storm.
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NewsUK retail parks weather lockdown better than high streets
Retail footfall across the UK fell to the lowest levels on record in March, although retail parks were better able to weather the storm compared with high streets and shopping centres.
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AnalysisAnalysis: How coronavirus will change retail rents forever
With all non-essential retail stores shut, struggling landlords have found retail occupants unwilling or unable to pay quarterly rents. Will the coronavirus lockdown change retail rents forever?
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NewsRetail Week launches virtual events
Retail Week is launching virtual events to bring the best speakers and networking opportunities straight to your laptop.
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NewsDebenhams strikes deal with landlords to keep most stores open
Debenhams has agreed on terms with landlords that will enable most of its stores to carry on trading following the department store group’s administration last week.
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NewsCMA provisionally clears Amazon and Deliveroo tie-up after investigation
The Competition and Markets Authority (CMA) has provisionally cleared Amazon and Deliveroo’s prospective tie-up, after finding the food delivery app’s financial position has “deteriorated”.
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NewsPrimark donates 74,000 products in NHS Nightingale care pack initiative
Value fashion giant Primark is providing care packs containing 74,000 products to London’s new NHS Nightingale Hospital to help support efforts to beat coronavirus.
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NewsWaitrose trebles rapid delivery and doubles click-and-collect slots
Waitrose is set to treble the number of rapid deliveries available every week and increase click-and-collect slots by 50% as it works to support older and vulnerable customers.
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AnalysisThe Big Question: Should grocers pass up coronavirus rates relief?
Shoppers rushed to food stores to stock up as the coronavirus outbreak took hold, prompting some to call on the grocery giants to forego emergency business rates relief as sales climbed. Retail Week asks industry experts for their views.
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NewsGousto secures £33m investment as coronavirus boosts sales
Recipe box firm Gousto has secured £33m in new funding from investors as the coronavirus lockdown has seen a growth in the meal-kit market.
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NewsGovernment expands loan scheme as lockdown extended for three weeks
The Treasury has said businesses that turnover more than £500m will now be able to apply for government-backed support as it extended the coronavirus lockdown by at least three weeks.
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OpinionOpinion: Furloughed employees must put their wellbeing first
As the state of lockdown continues, retail employees, broadly speaking, fit into three categories at present.
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AnalysisAnalysis: Eight coronavirus consumer trends that are here to stay
Coronavirus and social distancing are having a dramatic impact on consumer behaviour, but what trends will remain once the lockdown is lifted?
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Future LeadersBe Inspired: Why self-care is an important leadership skill
Retail chiefs including Lucky Saint’s Emma Heal, Beaverbrooks’ Anna Blackburn and Air & Grace’s Claire Burrows extol the benefits of investing in yourself during this difficult time.
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NewsBooths launches click and collect to help customers during pandemic
Family-run food retailer Booths has launched a next-day click-and-collect service to help customers better access groceries during the coronavirus pandemic.