All Stores and property articles – Page 157
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NewsCoronavirus: Primark, John Lewis and Timpson all close stores
High street fashion giant Primark, department store chain John Lewis and shoe repair specialist Timpson all shuttered stores over the weekend in response to the burgeoning coronavirus epidemic.
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AnalysisLive updates: Tracking retail’s response to coronavirus
Retailers and brands are reacting on an hourly basis to the challenges posed by the coronavirus crisis. Retail Week tracks the response of businesses, as they happen. Last updated on May 26.
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NewsCoronavirus: Arcadia shutters all stores across its stable of brands
Arcadia closed all stores across its stable of brands today in a bid to focus on its digital and social platforms.
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NewsHotel Chocolat raises £22m to fuel online and international growth
Hotel Chocolat has raised £22m through a share placing to help fuel its online and international growth once the coronavirus pandemic has dissipated.
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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: 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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AnalysisAnalysis: Should Dixons Carphone call time on its mobile business?
Dixons Carphone has revealed plans to shutter all 531 of its standalone Carphone Warehouse stores in a bid to revive its mobile business, but the move alone may not be enough to return the struggling division to profitability.
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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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AnalysisData analysis: Opportunities and challenges for department stores
As John Lewis embarks upon a strategic review of its business and coronavirus hammers department store sales, Retail Week takes a deeper dive to investigate the challenges and opportunities across the UK department store sector.
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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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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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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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NewsIntu on the brink after reporting £2bn valuation loss
Shopping centre giant Intu has reported a £2bn loss for its last financial year and warned it is at risk of going under if it cannot raise more funds.
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GalleryGallery: The head-turning stores designed for Instagram
From oversized lollipops to millennial pink, Retail Week explores how retailers are winning in the social media space.
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AnalysisDocumentary: A future defined by retail re-engineered
A truly creative customer-centric strategy and wholesale transformation of businesses beyond digital is required for retailers to survive, experts have warned.
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AnalysisBudget: Coronavirus dominates as chancellor breaks out cheque book
In a challenging economic climate dominated by uncertainty over coronavirus, the new chancellor took action to protect business – but business rates reforms have been delayed. Retail Economics chief executive Richard Lim examines the detail.
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AnalysisFive things you should know about Amazon’s big plans for grocery
Amazon is set to generate revenue of more than £431.5bn globally by 2024, according to forecasts from Edge by Ascential, and grocery will be central to its strategy.
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NewsBudget: ‘Fundamental’ review of business rates to be completed by autumn
New chancellor Rishi Sunak has confirmed the government’s “fundamental review” of business rates will be completed in time for the autumn statement.
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NewsAmazon to open first UK cashierless store in west London
Amazon has chosen a site in west London for its first UK cashierless supermarket as it looks to ramp up competition with traditional grocers.