All Coronavirus articles – Page 47
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NewsJuly shop prices fall as retail tries to lure shoppers back to high street
Shop prices have fallen for the fourteenth consecutive month, as retailers take to discounting to tempt customers back to stores.
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AnalysisRetail’s new lipstick effect: what products will fly off the shelves post-Covid?
During past recessions, consumers have snapped up small luxuries, such as lipstick, to make themselves feel better. But with face masks making a lipstick uptick unlikely, which treats will shoppers indulge in now?
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AnalysisAnalysis: Will mandatory face masks muzzle retail’s recovery?
Last Friday the government made face coverings mandatory for the public in all retail stores. Retail Week analyses what effect this will have on consumer confidence and economic recovery.
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NewsSelfridges axes 450 roles as sales drop ‘significantly’
Selfridges will be cutting 14% of its headcount – around 450 jobs – in a move that managing director Ann Pitcher said was “the toughest decision we have ever had to take”.
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NewsCard Factory sales exceed expectations after store reopenings
Card Factory has suffered a fall in sales but said revenues raked in from its stores since reopening after lockdown have exceeded its expectations.
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NewsGreggs swings to loss but ‘encouraged’ by sales since reopening
Greggs has tumbled into the red after store closures sparked by the coronavirus pandemic hammered its top and bottom lines.
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NewsAmazon throws down gauntlet to supermarkets by launching free grocery deliveries
Amazon has launched free grocery deliveries for its Prime members in a move that could land a major blow to its supermarket rivals.
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Opinion‘The new channel split is one of mission: buying vs shopping’
Why has online retailing not grown more during the Covid crisis? And what does that tell us about its limitations?
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NewsGousto to create 1,000 new jobs as sales surge in lockdown
Gousto will create 1,000 new jobs as part of ambitious plans to ramp up its expansion following a surge in sales.
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NewsSainsbury’s trials virtual queuing system in tie-up with Ufirst
Sainsbury’s is testing a new virtual queuing system and accelerating the rollout of checkout-less shopping as it ramps up its response to the coronavirus pandemic.
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NewsSunak ponders online sales tax to raise £2bn
Chancellor Rishi Sunak is considering an online sales tax to raise £2bn a year and level the playing field between digital and high street businesses.
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NewsGreen seeks to restructure Arcadia after Covid hit
Fashion tycoon Sir Philip Green is to overhaul his Arcadia fashion empire for the second time in little more than a year because of the impact of the coronavirus pandemic.
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NewsDebenhams raises ‘For sale’ sign to secure future
Debenhams is preparing to seek new owners among a range of options being considered to put it on a firm footing after its collapse earlier this year.
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AnalysisBorrowed time: Is retail hurtling towards a credit crunch?
When the government shut all non-essential retail stores in March many businesses were forced to increase borrowing to simply stay afloat. But are these levels of debt unsustainable? Retail Week looks at whether retail is facing a ticking liquidity time bomb.
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Opinion‘Working from home is here to stay and retail must adapt’
As face masks became mandatory for shoppers on Friday, it was a stark reminder that the Covid-19 pandemic is far from over.
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NewsFrench Connection turns to Hilco to boost liquidity
Fashion group French Connection has secured funding from investment and turnaround specialist Hilco, which will help it through the disruption caused by the coronavirus pandemic.
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NewsHotel Chocolat to meet profit expectations as sales rise
Hotel Chocolat expects to hit full-year profit guidance as full-year sales rose despite a decline in revenues during lockdown.
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NewsConsumer confidence holds steady despite mounting job losses
Consumer confidence held its position in July as shoppers’ trepidation about the economy was offset by increased optimism in their personal finances.
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VideoFace time: Brewdog exec David McDowall on D2C, drones and Dominic Cummings
Brewdog chief operating officer David McDowall discusses how the Scotland-based brewery threw its business plan “right out the window” during the coronavirus crisis, shifting focus to its direct-to-consumer proposition and “doing good” for communities and charities.
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NewsGovernment issues new guidance on face coverings in England
The government has issued its full guidance on mandatory face covering in shops in England, less than 12 hours before the rules are due to come into force.