All Coronavirus articles – Page 39
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NewsTiffany sues LVMH after it pulls out of $16bn takeover
The world’s largest luxury group LVMH is being sued by Tiffany after it said it was pulling out of its agreed $16.6bn takeover of the jeweller.
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NewsBoden profits fall amid major investments in online and fulfillment
Boden reported a drop in profits for 2019, as it invested more in its online offerings and fulfilment capabilities, with a particular focus on the US.
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NewsIceland creates 3,000 new jobs to deal with ecommerce surge
Frozen food specialist Iceland has created 3,000 new jobs to help it cope with the boom in ecommerce demand driven by the coronavirus pandemic.
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NewsNew Look: Fate lies with landlords as sale option shut off
The future of fashion retailer New Look now relies upon landlords after a sale process conducted in tandem with a CVA proposal failed to produce a deal.
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Retail VoiceFive ways online retailers can remain resilient against future disruption
As businesses count the cost of Covid-19 and prepare for the future, Citrix’s Rob Kenny highlights five key factors that will help online retailers to adapt and thrive.
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AnalysisAnalysis: Can John Lewis finally crack fashion?
Could a host of new brands and fresh talent at the helm be the recipe for reinvigorating John Lewis’ fashion proposition? Retail Week assesses the latest changes.
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NewsTravis Perkins profits fall following store closures
Travis Perkins has announced a decline in both profits and revenues after closing 165 stores in June, but the retailer remains adamant it is now on the path to recovery.
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NewsJD Sports half-year profits slide as online sales costs mount
JD Sports has delivered a fall in pre-tax profit at the half-year mark despite a minimal sales decline due to steep costs associated with fulfilling its online orders.
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NewsHalfords records sales acceleration but warns of ‘significant uncertainty’
Halfords has posted a surge in sales during the pandemic period driven by a spike in demand which has seen both its cycling and motoring divisions deliver growth.
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NewsRetail sales rise in August driven by homewares and grocery
Retail sales showed positive signs of growth in August, but bricks-and-mortar stores continued to struggle compared with online.
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NewsPrimark boss: Practical approach to Covid constraints has spurred stores’ success
Primark’s strong shopkeeping skills helped draw customers to its stores despite the tough conditions afflicting many retail locations following the coronavirus outbreak.
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NewsAlibaba targets 2,600 new international brands for Tmall
Alibaba is aiming to add 2,600 new international brands to its Tmall marketplace by Singles’ Day, as the coronavirus has led to “significant growing demand” in China for imported goods.
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NewsMorrisons wades into pricing wars as recession begins to bite
Supermarket chain Morrisons has become the latest of the big four to invest in pricing by slashing prices on more than 400 essential products.
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NewsPrimark profits to hit top end of range after strong trading resumes
Primark owner Associated British Foods (ABF) said the retailer’s profits are expected to be at the top of its revised range after a strong resumption of trading following lockdown.
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Opinion‘Pret’s new business blend should make other retailers smell the coffee’
Pret a Manger has long been an imaginative business and its latest venture, a coffee subscription designed to help it adapt to ongoing market shifts accelerated by Covid, shows that it still is.
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NewseBay appoints new UK boss in management reshuffle
Online marketplace eBay has promoted Murray Lambell to general manager of its UK business as part of wider leadership changes.
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NewsTopps Tiles names new chief financial officer
Specialist retailer Topps Tiles has appointed Stephen Hopson as its chief financial officer.
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NewsCo-op to create 1,000 jobs as Covid changes shopping habits
The Co-op has unveiled a £130m investment programme including more store openings and more jobs.
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OpinionIan Middleton: ‘Covid is a wake-up call for retailers and politicians alike’
The pandemic has had a massive impact on our industry, perhaps greater than many others. But it can’t be blamed entirely for the way things are unwinding on our high streets and in our shopping centres.
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AnalysisAnalysis: How can city centres rebound in a coronavirus world?
As one-time commuters predominantly continue to work from home post-lockdown, Retail Week assesses what can be done to encourage people to return to hard-hit city centres