All Coronavirus articles – Page 45
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NewsRetail recovery in jeopardy as consumer confidence remains low
A new poll reveals that consumer confidence and spending intentions remain low due to the coronavirus crisis, which could put pay to any hopes of a quick recovery by retail.
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NewsJigsaw to launch CVA as coronavirus hits sales
Fashion brand Jigsaw is reportedly planning to launch a CVA next week, becoming the latest high street casualty of the coronavirus crisis.
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OpinionCatriona Marshall: ‘We bounced back with talent, knowledge and loyalty in place’
Former Hobbycraft chief executive Catriona Marshall, who now owns specialist retailer Running Bear, on how the coronavirus pandemic meant creating an online business overnight and the adoption of a new business model
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AnalysisFour ways retail landlords are ditching the rents status quo
Like so much else in the retail sector, the pandemic has accelerated existing trends in the retail property market. Retail Week looks at the actions taken by landlords Hammerson and the Crown Estate, and what they mean for the future of the industry
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AnalysisWill ‘eat out to help out’ bring shoppers back to stores?
The government’s ‘eat out to help out’ scheme launched on Monday and there are hopes that retailers could feel a halo effect after diners flocked to shopping locations for a cheap bite.
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Opinion‘As Amazon plots Go stores, bricks-and-mortar retailers must up their game’
Online giant Amazon has had a good pandemic and effectively put into practice the maxim that crisis can spell opportunity, writes George MacDonald.
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NewsLakeland unveils succession plan as founding family step down
Lakeland has restructured its operating board as its owners the Rayner family step down from day-to-day running of the business, Retail Week can reveal.
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NewsMcColl’s slips to half-year loss as sales edge down
McColl’s profits and sales dipped slightly at the interim mark, although like-for-like sales during lockdown grew due to the “extraordinary changes” in customer behaviour driven by the pandemic.
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NewsHammerson seeks to raise £825m as rental income plummets
Hammerson plans to raise £552m through fundraising and sell off £274m of assets, to counteract “the extraordinary disruption caused by Covid-19 on the retail property sector”.
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NewsJoules swings to a loss as coronavirus hammers sales
Joules plunged to a loss before tax in its full-year results, as chief executive Nick Jones cites ”challenging trading conditions” amid the coronavirus pandemic.
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NewsM&Co restructuring saves 2,200 jobs and 218 stores
Fashion retailer M&Co has completed a pre-pack administration deal, which saw it bought back by its Scottish owners the McGeoch family.
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NewsWHSmith restructuring plans put 1,500 jobs at risk as sales plummet
WHSmith is in consultation with staff over restructuring that could lead to as many as 1,500 redundancies across the entire business.
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NewsSegro profits surge due to coronavirus ‘accelerating adoption’ of ecommerce
Warehousing group Segro reported a surge in pre-tax profits for the first half of the year, driven by the effects of the coronavirus pushing more consumers to ecommerce.
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OpinionThierry Garnier: ‘In a crisis, speed, agility and empowerment beat perfection’
B&Q owner Kingfisher’s chief executive Thierry Garnier on how the home and DIY retail giant responded to the Covid-19 pandemic, and why ‘done is better than perfect’
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NewsAmazon eyes further Go sites on Regent Street and suburban London
Amazon is in discussion with landlords about taking further Go sites on Regent’s Street and in more suburban areas in south west London.
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NewsRiver Island mulls CVA as coronavirus hammers sales
River Island is the latest fashion retailer to consider undertaking a company voluntary arrangement due to the effects of the coronavirus on sales and store footfall.
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NewsM&Co to close 50 stores in pre-pack administration deal
M&Co is reportedly nearing a pre-pack administration deal which would see the chain sold back to its original owners.
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AnalysisWeek seven of trading post-lockdown – what you need to know
Footfall across all shopping destinations in the UK inched up marginally last week due to a combination of mandatory face masks in stores and the unpredictable weather conditions.
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NewsDW Sports blames coronavirus closures for collapse into administration
Sportswear retailer and gym operator DW Sports has collapsed into administration putting some 1,700 jobs at risk across its estate.
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AnalysisBack to HQ: Tesco, Primark, John Lewis and more unveil plans to reopen offices
With the majority of retail stores reopened to the public as lockdown restrictions ease in the UK and employers allowed to tell staff to come back to the office, Retail Week finds out what retailers’ plans are for returning colleagues to HQ