All News articles – Page 388
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NewsSainsbury’s and Tesco launch in-store initiatives to address coronavirus crisis
Sainsbury’s and Tesco have each unveiled measures ranging from dedicated shopping times for the vulnerable to limited trading hours to cope with the impact of coronavirus.
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NewsChancellor suspends business rates for 12 months for ‘economic fight’
The chancellor has announced 12-month business rates holidays for all retailers and pubs as part of a sweeping set of measures designed to support business in the face of the coronavirus outbreak.
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NewsCoronavirus: Retailers call for rates relief as store closure fears grow
Retailers are banding together to call on the government for exemption from business rates if shops are forced to close because of the coronavirus outbreak, and have renewed demands for far-reaching reform.
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NewsMountain Warehouse boss mulls 2,000 redundancies amid coronavirus sales slump
Mountain Warehouse chief executive Mark Neale has warned the business may need to make substantial redundancies following a “catastrophic” drop in sales triggered by the coronavirus.
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NewsMorrisons to hire 3,500 new staff as it ramps up online deliveries
Morrisons is to hire 3,500 new workers as part of plans to ramp up its home delivery service during the coronavirus pandemic.
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NewsAmazon to hire 100,000 new workers to meet coronavirus-induced demand
Amazon has said it will take on 100,000 new staff to meet increased demand for online shopping caused by the coronavirus outbreak.
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NewsLaura Ashley blames coronavirus outbreak as it slumps into administration
Laura Ashley’s owners have filed an intention to appoint administrators and have suspended trading, blaming the coronavirus pandemic for a “significant” impact on trading.
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NewsAldi begins rationing lines as stockpiling continues
Aldi has become the first supermarket in the UK to effectively ration the sale of all lines as customers continue to stockpile in the face of the coronavirus outbreak.
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NewsDebenhams demands rent holiday as coronavirus dents footfall
Embattled department store chain Debenhams has heaped further misery on its landlords by requesting a rent holiday of up to five months as fears over coronavirus dent high street footfall.
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NewsPrivate equity firms circle Asda for potential £7bn takeover
Asda has attracted several interested private equity firms for a potential takeover which, according to reports, could value the business at over £7bn.
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NewsScS delays results after government’s coronavirus policy shift
ScS has delayed the release of its half-year results following yesterday’s changes to the government’s coronavirus policy.
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NewsDixons Carphone to shutter Carphone Warehouse stores, 2,900 jobs at risk
Dixons Carphone has unveiled plans to shutter its standalone Carphone Warehouse stores as part of the ongoing overhaul of its mobile division, resulting in 2,900 expected job losses.
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NewsCoronavirus: H&M sales hit as it shutters swathes of European stores
H&M will temporarily close hundreds of stores across Europe in a bid to battle the spread of coronavirus as its quarterly sales in China were hit by the pandemic.
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NewsCoronavirus: PM urges Brits to avoid pubs, clubs and theatres
The prime minister has urged people to avoid pubs, clubs, restaurants, theatres and other social environments as part of new measures to combat coronavirus.
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NewsPrimark owner calls for rates reform as coronavirus outbreak hits trade
Primark parent company ABF’s finance director John Bason has urged the government to address business rates reform as the retail industry battles the impact of the coronavirus outbreak.
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NewsHalfords to shutter Cycle Republic chain, 226 jobs at risk
Halfords is set to axe its specialist cycling chain Cycle Republic following a strategic review and will instead rely on etail stablemate Tredz to appeal to bike enthusiasts.
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NewsCoronavirus: Kingfisher cautions on sales uncertainty as France locks down
DIY giant Kingfisher has warned of ”significant uncertainty on sales and demand” after closing its 221 stores in France.
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NewsCoronavirus: Primark warns of sales hit as overseas stores shut
Value fashion giant Primark expects to take a hit on earnings after having to close overseas stores amid the coronavirus crisis and seeing a fall in like-for-likes in the UK.
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NewsRetail footfall slides in ‘wettest February on record’
February proved a washout for retail footfall and three named storms prompted falling shopper numbers across all retail location categories.
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NewsCoronavirus: Grocers issue stockpiling plea and stores close worldwide
The UK’s big grocers appealed for calm over the weekend as shoppers continued to empty shelves in coronavirus stockpiling, while around the world-leading retailers closed stores en masse as the crisis bit.