All News articles – Page 374
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NewsEx-Debenhams workers in Bangladesh plead to be paid
Former Debenhams staff in Bangladesh have uploaded a video to YouTube pleading to be paid following the department store group’s administration.
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NewsMarks & Spencer to start reopening cafes
Marks & Spencer is to reopen 49 in-store cafes from tomorrow, serving takeaway hot drinks only.
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NewsMorrisons introduces ‘speedy shopping’ to cut down on queueing times
Morrisons has introduced a new ‘speedy shopping’ system for customers looking to make smaller basket purchases in a bid to reduce queuing times outside its supermarkets.
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NewsRetail sales record sharpest decline on record despite online surge
Retail sales in April registered a record decline as comparatively subdued Easter grocery sales compounded non-essential shop shutdowns.
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NewsFormer Asda boss Leighton in private equity buyout of TM Lewin
Menswear retailer TM Lewin has been acquired by a private equity team including former Asda chief executive Allan Leighton.
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NewsCoronavirus: Dobbies to reopen UK garden centres
Garden centre operator Dobbies will reopen its 54-strong UK store estate from tomorrow with social distancing measures in place.
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NewsChancellor extends furlough job retention scheme until end of October
Chancellor Rishi Sunak has extended the furlough job retention scheme until the end of October but said the government wants employers to contribute more.
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NewsLandsec reveals hole in portfolio and warns of lengthy recovery
Institutional landlord Landsec has revealed a near £1.2bn hole in its property portfolio and warned that it does not expect the economy to recover to pre-coronavirus levels until 2022 at the earliest.
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NewsMoss Bros U-turns to resume online trading
Moss Bros is reopening its ecommerce arm with a “reduced workforce” from tomorrow, following recent government guidance about returning to work.
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NewsAO expects profits in line with predictions as coronavirus boosts online growth
AO said it expects sales and profits for the financial year to be in line with analyst expectations and said the coronavirus has created a ‘new normal’ in terms of online electricals’ share of the market.
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NewsKingfisher sales hammered by coronavirus store closures
Kingfisher has seen sales during the first quarter of the year take a hammering from the coronavirus forced closure of its store estate.
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NewsMorrisons first quarter sales up despite ‘highly volatile’ trading
Morrisons has reported sales growth in the first quarter despite “highly volatile” trading patterns and a worse-than-expected Easter due to the ongoing coronavirus lockdown.
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NewsPrimark’s European reopenings buoyed by bigger basket sizes
Primark has been permitted to reopen its stores in Austria and the Netherlands, giving the bricks-and-mortar retailer a boost. The reopened stores have also demonstrated what customer behaviours might be when the UK restrictions are lifted.
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NewsStudio poaches Dixons Carphone director to helm trading division
Studio has strengthened its senior team by appointing Rupert Nichols as its new trading director.
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NewsMorrisons and Pret step up Amazon presence during coronavirus
Morrisons and Pret are leveraging partnerships with Amazon as they step up their respective responses to the coronavirus pandemic.
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NewsMatalan founder Hargreaves asks lenders for £50m cash injection
Matalan founder and owner John Hargreaves has reportedly tapped existing lenders for a £50m loan.
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NewsJD Sports and Sports Direct square up for Office takeover
Retail rivals JD Sports’ Peter Cowgill and Sports Direct’s Mike Ashley are among the prospective bidders for footwear chain Office.
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NewsCoronavirus: UK shops could reopen in June, says PM
The prime minister says that some shops may be able to reopen as early as next month as part of a phased easing of lockdown measures.
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NewsRetail footfall plummets to record low as lockdown bites
Retail footfall plummeted to an all-time low in April, as shoppers adhered to lockdown restrictions and stayed at home.
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NewsRetail vacancy rates inch up as BRC warns of worse to come
Retail vacancy rates have inched up during the first quarter of the year, with the ongoing coronavirus pandemic likely to cause further damage according to the BRC.