All News articles – Page 381
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NewsCo-op boss Murrells takes pay cut to launch Members’ Coronavirus Fund
Co-op boss Steve Murrells has taken a 20% pay cut over the next three months to help the business kick-start its Members’ Coronavirus Fund.
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NewsDebenhams liquidates Irish arm as it appoints administrators
Ailing department store chain Debenhams has appointed administrators for the second time in 12 months and has liquidated its Irish business.
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NewsGreggs raises £150m through government coronavirus finance scheme
Greggs has accessed £150m in new finances to help see it through the ongoing coronavirus pandemic via the government’s corporate financing scheme.
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NewsVideo: John Lewis chair Sharon White pays tribute to coronavirus response
John Lewis Partnership chair Dame Sharon White has recorded a video paying tribute to Waitrose and John Lewis staff’s efforts to fight coronavirus and help those affected by the outbreak.
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NewsCoronavirus spurs brand partnerships for Asos
The coronavirus crisis has prompted interest from a raft of fashion brands to sell through Asos as lockdowns worldwide decimate sales through bricks-and-mortar stores.
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NewsBoots to temporarily shut 60 stores and redeploy pharmacists
Boots will temporarily close 60 stores in city and shopping centre locations over the next week.
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NewsCoronavirus: Government urges retailers to continue ‘vital’ trading online
The business secretary wants UK retailers to continue trading online “as a vital lifeline” for the nation during the coronavirus pandemic.
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NewsJohn Lewis creates wellbeing area for NHS Nightingale staff
John Lewis Partnership will build a wellbeing centre for staff working at the new NHS Nightingale hospital in London.
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NewsGreen to borrow against distribution centre as Arcadia seeks £50m
Arcadia owner Sir Philip Green wants to borrow £50m against one of his fashion group’s new distribution centres as his stable of brands fights for survival.
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NewsNaked Wines sales to exceed £200m as lockdowns raise demand
Naked Wines has said its full-year 2020 revenues will be in excess of £200m due to higher levels of demand from new and repeat customers under lockdown because of coronavirus.
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NewsMarks & Spencer turns pyjamas into NHS scrubs to help in coronavirus fight
Marks & Spencer is donating pyjamas to be used as scrubs by the NHS as part of several initiatives to support the health serviced during the coronavirus outbreak.
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NewsMorrisons and Deliveroo launch grocery home delivery partnership
Big-four grocer Morrisons has announced a new partnership with Deliveroo to offer home grocery delivery from stores.
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NewsCoronavirus: Holland & Barrett remains open despite staff calls for closures
Holland & Barrett has qualified as an ‘essential’ retailer as defined by government guidelines, but staff are campaigning for closures.
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NewsAsos profits jump as it orders £200m equity raise to cope with coronavirus
Asos has launched an equity share raise and extended its revolving credit facility to deal with the impact coronavirus on its business.
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NewsTesco full-year profits rise as it incurs ‘significant’ coronavirus costs
Tesco has warned that the impact of coronavirus could cost its business as much as £925m as the grocer posts uplifts in full-year profits and UK sales.
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NewsEaster trading to be ‘unrecognisable’ due to coronavirus
Trading over the coming Easter weekend will be “unrecognisable” due to the government’s mandated lockdown and closure of non-essential stores, according to data from Springboard.
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NewsEve Sleep promotes CMO Calverley to top job as Sturrock steps down
Eve Sleep has named chief marketing officer Cheryl Calverley as its new boss as current chief executive James Sturrock steps down to take up a new job elsewhere.
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NewsWaitrose rows back on coronavirus pay policy
Waitrose has rowed back on a policy that suggested workers who were self-isolating because of their family would have to make up the hours they owed at a later date.
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NewsWHSmith raises £165m through share placing amid coronavirus crisis
WHSmith has successfully raised more than £165m to shore up its balance sheet amid the current ongoing health crisis.
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NewsTesco to open pop-up stores at NHS Nightingale sites
Tesco plans to open pop-up shops at NHS Nightingale sites across the UK to give healthcare workers easy access to food and essential household items.