All Coronavirus articles – Page 35
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Opinion‘As shoppers flock online, investors are following’
The Issa brothers’ £6.8bn swoop on Asda may be an exception that proves the rule. While the forecourt convenience retail entrepreneurs have put their money into a primarily bricks-and-mortar business, other people’s cash is increasingly going elsewhere.
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NewsClarks launches CVA in bid to close stores as part of rescue deal
Footwear specialist Clarks has launched a CVA in a bid to shutter stores and secure a much needed cash injection from outside investors.
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NewsWagamama owner The Restaurant Group swings to loss
The owner of high street restaurant chains Wagamama and Frankie & Benny’s has swung to a half-year loss after being “severely impacted” by the coronavirus crisis.
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NewsMulberry losses deepen due to Covid-19
Struggling global handbag and accessories retailer Mulberry has seen its losses deepen due to the ongoing effects of the coronavirus on sales.
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NewsDeliveroo drafts in Goldman Sachs as it eyes London float
Delivery app Deliveroo has drafted in investment bank Goldman Sachs to help guide it to a float on the London Stock Exchange.
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NewsWaitrose delivers early blow in online battle with Ocado
Waitrose has stolen a march on former partner Ocado in the battle for online shoppers after the pureplay’s capacity issues saw weekly orders slump.
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Opinion‘Retailers can play crucial role in stemming tide of social deprivation’
British retailers’ benefits to the health and wellbeing of society has never been properly valued.
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NewsIssa brothers’ Asda swoop ‘not a traditional private equity deal’
Asda’s chief financial officer has said the £6.8bn sale of the retailer is “not a traditional private equity deal” as the billionaire Issa brothers reflect the grocer’s values and long-term strategic aims.
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NewsClarks pension trustees draft in advisors to secure fresh investment
The pension trustees of shoe specialist Clarks have drafted in advisers in a bid to bring fresh investment into the struggling retailer which has been battered by the effects of the coronavirus.
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NewsWarehouse rentals soar as ecommerce continues rapid growth
A record amount of warehouse space was let in the last three months as multichannel and online retailers sought to expand capacity to meet growing ecommerce demand.
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Opinion‘As we face a second wave employee wellbeing is paramount’
The best-laid plans often go to waste, but never more so than during the past six months.
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Opinion‘Whisper it for now, but retail is on the road to recovery’
One would be forgiven for thinking retail was on its proverbial deathbed given some of the media coverage of the past few days.
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NewsMorrisons commits to immediate payment for small suppliers until January
Morrisons has extended its commitment to pay farmers, local food makers and small businesses straight away to January 2021.
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NewsH&M returns to profit as it looks to emerge ‘stronger’ post-Covid
H&M has reported a profit in its third quarter, as chief executive Helena Helmersson believes “the worst is behind us”.
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OpinionAndy Clarke: ‘Online rush will contribute to serious margin trouble across grocery’
The battle for the online food home-delivery market is entering the world of the surreal.
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AnalysisBoohoo boss John Lyttle: ‘We won’t succeed if we don’t get this right’
In the last six months, Boohoo has faced a number of challenges, but chief executive John Lyttle and the board are confident they are on the right path.
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NewsMorrisons to create 1,000 new jobs to fulfill Amazon orders
Supermarket chain Morrisons has said it will create 1,000 new jobs to help it fulfil orders on its services with Amazon and Amazon Prime.
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NewsN Brown sales recovery driven by demand for homeware range
N Brown has reported a recovery in sales from its first-quarter nadir, hailing a resurgence in apparel sales and a surge in demand for its new homeware range.
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NewsTopps Tiles confident of turning a ‘modest’ profit following strong fourth quarter
Topps Tiles said it was confident of generating a “modest level of adjusted profit before tax” for the end of its financial year, following a strong fourth quarter of trading.
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NewsBoohoo sales and profits soar in first half
Boohoo has seen group revenues and profits soar in the first half of the year and said the momentum has continued into September, despite the fallout from the Leicester scandal.