All News articles – Page 373
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NewsCoronavirus to ‘exacerbate’ UK’s £5.2bn returns problem
The coronavirus crisis will “exacerbate” UK retail’s £5.2bn returns problem as more and more people shift their spending online, experts have warned.
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NewsAsda sales jump during lockdown but profits dip
Asda has posted an increase in revenues during the first quarter of parent company Walmart’s financial year, driven by increased grocery sales during the coronavirus crisis.
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NewsProperty giants Westfield and Landsec prepare for shopping centre reopenings
Shopping centre owners Westfield and Landsec are drawing up plans to reopen their malls as lockdown measures ease.
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NewsJust Eat slams CMA U-turn on Amazon-Deliveroo deal
Just Eat has hit out at the competition watchdog’s U-turn over etail titan Amazon’s investment in Deliveroo.
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NewsTopps Tiles swings to loss in ‘challenging’ market
Topps Tiles has swung to a loss in the first half of its financial year amid what it called a “challenging trading environment”.
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NewsCoronavirus: French Connection seeks urgent funding in battle for survival
French Connection is in urgent talks with potential funding partners as it battles to stay afloat amid the coronavirus crisis.
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NewsLess than half of UK consumers comfortable with returning to stores
Fewer than half of UK adults would be comfortable returning to retail environments, even with social distancing measures in place, due to the coronavirus pandemic, exclusive research for Retail Week has found.
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NewsAldi partners with Deliveroo to launch grocery delivery service
Aldi has joined forces with Deliveroo to pilot a grocery home delivery service in the UK.
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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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NewsLidl launches online collection lockers at UK stores
Discount supermarket chain Lidl has rolled out delivery and collection lockers in stores for the first time to allow customers to “maximise” their shopping trips.
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NewsSainsbury’s to expand Chop Chop delivery service to help boost capacity
Sainsbury’s has unveiled plans to expand its Chop Chop bike delivery service to 20 UK cities outside London to help increase its online capacity.
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NewsBoohoo eyes further acquisitions as it completes £200m fundraise
Pureplay fashion retailer Boohoo has successfully raised close to £200m in less than 24 hours as it eyes already struggling high street brands stricken further by the coronavirus.
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NewsM&S launches sale as it brings forward start date for new fashion boss
Marks & Spencer has announced a 50% sale on clothing, on the same day it bought forward the start date of its new clothing and homewares boss Richard Price.
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NewsCoronavirus: Global Fashion Group sales grow during lockdown as it eyes profitability
Pureplay retailer Global Fashion Group (GFG) has reported an increase in sales in the first quarter and improving margins as it eyes profitability.
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NewsTesco, Sainsbury’s and Morrisons execs scoop hefty bonuses
Executives at three of Britain’s biggest grocers have been awarded hefty bonus packages.
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NewsWatches of Switzerland sales rise despite ‘significant’ coronavirus impact
Watches of Switzerland has posted an increase in full-year sales despite its top line being “significantly impacted” by the coronavirus crisis.
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NewsWHSmith sales decimated by coronavirus as first-half profits dip
WHSmith’s sales have been obliterated by the coronavirus as lockdown restrictions decimated its travel division.
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NewsCoronavirus: Multichannel retailers' online sales soar in lockdown
Multichannel retailers have registered a larger spike in sales than their pureplay counterparts as online revenues surge overall due to the coronavirus lockdown.