More on Me + Em – Page 598
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AnalysisAnalysis: Next and ‘business as usual’ in the time of the coronavirus
Coronavirus is dominating headlines, from TV bulletins to the front pages of every newspaper section.
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NewsScS profits and sales up despite low consumer confidence
ScS has reported increases in both gross sales and profit in its half-year results, despite low customer confidence and the developing coronavirus situation.
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NewsCoronavirus: M&S expects profits at lower end of target range
Marks & Spencer has said profits for the end of the 2019/20 financial year could be at or even below the bottom end of expectations as a result of the ongoing coronavirus epidemic.
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NewsCoronavirus: Frasers Group issues profit warning after footfall and sales slump
Frasers Group has said the ongoing coronavirus epidemic will cause “significant disruption” to its business and that it would not achieve its previous profit guidance as a result.
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OpinionOpinion: What past battles tell us about keeping retailers in business
Even before this week’s more draconian ‘social distancing’ guidance from the government, retailers were in uncharted territory.
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NewsCoronavirus: Government relaxes competition laws for supermarkets
The government has temporarily relaxed elements of competition law to allow UK supermarkets to work more closely together to feed the nation in the face of the coronavirus crisis.
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NewsCoronavirus: Next’s Wolfson urges government to act to support jobs
Next chief executive Lord Wolfson has called on the government to introduce income support measures as employment is threatened by the coronavirus outbreak.
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NewsRetail footfall plummets amid coronavirus crisis
Retail footfall has plummeted so far this week as shoppers increasingly stay at home amid the coronavirus crisis.
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NewsCo-op to hire 5,000 new store staff to meet coronavirus demand
The Co-op has unveiled plans for a recruitment drive in a bid to offer employment for laid off hospitality workers and drive quicker store replenishment and online order fulfilment.
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AnalysisAnalysis: How coronavirus will change how we shop, live and work
It was on New Year’s Eve 2019 that the World Health Organisation’s China office first heard reports of a new virus sparking a rise in cases of pneumonia in the city of Wuhan.
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NewsCoronavirus: M&S extends rationing across grocery ranges
Marks & Spencer has extended its temporary purchase restrictions of two items per person across a raft of products including grocery, homecare, frozen food and eggs.
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NewsCoronavirus: Ikea to close all UK stores tomorrow as ‘precautionary measure’
Homewares giant Ikea has announced it will close all its UK stores tomorrow as a “precautionary measure against the ongoing risk” posed to staff and customers by the coronavirus.
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NewsCoronavirus: TK Maxx to shutter UK store estate amid outbreak
TK Maxx will shutter its UK store estate as of tomorrow until further notice amid the coronavirus pandemic, Retail Week understands.
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NewsCoronavirus: Clarks to temporarily close all UK stores
Footwear specialist Clarks has announced a temporary closure of all of its UK and Ireland stores in the wake of the coronavirus pandemic.
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NewsCoronavirus: Ocado alters website algorithm to make deliveries ‘fairer’
Ocado says it closed its website yesterday for the first time ever so it could begin making changes to its algorithm to make deliveries “fairer” for would-be customers.
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NewsCoronavirus: John Lewis Partnership launches £1m community support fund
John Lewis Partnership has launched a £1m community support fund to be distributed across the country “at this time of national crisis”.
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NewsJoules scales back investment as coronavirus plays havoc with guidance
Joules has not given investors any financial guidance for the year ahead due to the “ongoing uncertainty” over coronavirus, which has hit footfall and sales over the last few weeks.
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NewsBurberry store sales decimated by coronavirus
Burberry has suffered an eye-watering slump in sales after admitting the negative impact on demand sparked by coronavirus has “intensified” over the past month.
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NewsOcado posts sales rise but warns of coronavirus ‘disruptions’
Ocado Retail has posted a rise in sales during its first quarter but warned that the coronavirus pandemic could cause “further disruptions” to the business.