All Coronavirus articles – Page 14
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NewsCBI urges government to extend support for businesses struggling to pay rent
The Confederation of British Industry (CBI) has urged the government to extend the moratorium on commercial evictions for businesses below 30% of normal levels.
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DataData: Oxford Street – Europe’s hardest hit high street by Covid
New data has found that of Europe’s six biggest retail high streets, Oxford Street has suffered the most from lost footfall and consumer spend.
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NewsPandemic leaves retailers with £2.9bn in accumulated rent debt
The moratorium on aggressive debt collection from landlords is set to end next month, meaning thousands of retailers could face legal action as total rent debt is estimated to be £2.9bn.
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NewsEG Group hails strength of foodservice business as first-quarter profits rise
EG Group has hailed the growth of its foodservice business after delivering increased profits in the first quarter.
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NewsPets at Home profits rise as it eyes ‘strong momentum’ post-pandemic
Pets at Home has racked up an increase in sales and profits in what it dubbed “an extraordinary year” for the business.
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NewsExclusive: Tesco wades into on-demand grocery war with one-hour Whoosh service
Tesco has launched a new rapid delivery service as it lays down the gauntlet to on-demand grocery rivals like Deliveroo.
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Opinion‘The pandemic has torn down the line between foodservice and retail’
As well as looking at retailers’ financial results, it’s always worth looking at the results and investor relations outputs from suppliers too.
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NewsIncidents of violent retail crime soar as industry calls on government to act
Incidents of violent crime against retail staff were on the rise even before the pandemic, as the BRC calls on Westminster to follow Scotland’s lead and legislate against it.
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DataData: Grocery sales and basket sizes fall as lockdown impact unwinds
Take-home grocery sales and average basket sizes both fell in May as lockdown restrictions eased further and the vaccination roll-out continued.
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NewsWilko profits tumble as sales fall in year of ‘difficult trading’
Wilko has reported a sharp fall in full year pre-tax profits and a decline in sales, citing the challenging retail landscape as the reason for “a year of modest results”, Retail Week can reveal.
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Opinion‘Retailers have difficult decisions to make now to future-proof their businesses’
Retailers should feel optimistic as the end of lockdown and social distancing measures loom into sight.
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NewsTed Baker refinances as bankers show ‘ongoing support’
Fashion retailer Ted Baker has successfully completed a refinancing with its lenders.
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AnalysisAnalysis: How retailers and landlords can avoid a post-rent moratorium bloodbath
The increasingly controversial rent moratorium is scheduled to end on June 30, Retail Week looks at proposals being discussed to avoid another high street bloodbath.
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NewsRetail sales surge in April after non-essential stores reopen
Retail sales volumes rose sharply in April, which reflected the effect of easing coronavirus restrictions and the reopening of all ‘non-essential’ retail.
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NewsDunelm to smash profit forecasts following strong reopening
Homewares specialist Dunelm expects full-year profits to come in “significantly ahead” of City expectations after strong sales growth.
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Opinion‘Maybe, just maybe, Marks & Spencer has turned a corner’
As Marks & Spencer prepares to issue full-year results next week maybe, just maybe, the worst is behind it as it promotes the people who delivered change.
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NewsFootfall edges up as high street shopper numbers rise
Retail footfall registered a modest week-on-week climb in the week ahead of hospitality reopening, although high streets were the only retail destination that registered growth.
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NewsUK retail and hospitality sectors face labour shortage due to Covid and Brexit
The UK’s retail and hospitality employers are struggling to find staff as lockdown lifts due to the combined effects of the coronavirus and Brexit.
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NewsUK consumers to spend £2.5bn as indoor hospitality reopens
UK consumers are predicted to bring a much needed boost to the high street by spending billions of pounds in the first week of indoor hospitality.
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NewsAmazon set to create 10,000 new UK jobs
Amazon is embarking on a hiring spree as the US giant backs the online shopping boom brought on by the pandemic continuing in the UK.