All Coronavirus articles – Page 48
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NewsJapan’s three biggest convenience retailers to trial joint delivery service
The three biggest convenience store brands in Japan are experimenting with a joint delivery service in a bid to reduce the number of delivery vans on the roads.
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Opinion‘Retail hasn’t been left behind by the government – it’s evolving’
On the back of the government’s latest economic update, I’ve read some people saying that retail has gotten used to being ignored by set pieces from chancellors, past and present.
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NewsYoox Net-a-Porter and Armani launch new partnership
Luxury fashion etailer Yoox Net-a-Porter has tied up with Armani on a new initiative to innovate the designer’s distribution network.
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NewsUnilever beats sales forecasts despite coronavirus crisis
Unilever surpassed its sales expectations despite turnover weakening in emerging markets due to the ongoing coronavirus pandemic.
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NewsFrasers Group hits out at business rates revaluation delay
Mike Ashley’s Frasers Group has hit out at the government, saying it looks on with “anguish and bewilderment” at its decision to delay the next business rates revaluation until 2023.
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Opinion‘Retail can ill afford another business rates review that fizzles out’
As night follows day, the beginning of another financial year also brings another government review into business rates reform. However, with the sector reeling from the coronavirus, this latest call for evidence gives reasons for optimism.
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NewsKingfisher revenues rise as online sales treble in lockdown
Kingfisher has posted a spike in second-quarter sales following “strong demand” across its European markets and online.
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Opinion‘Walmart’s Asda Price must be right to secure private equity backing’
On, then off. On, then off. And now back on again. Walmart has resumed efforts to sell off a majority stake in Asda – and hopes it will prove to be third time lucky.
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NewsSuperdry stake snapped up by activist investor
Hedge fund Gatemore Capital has acquired a stake in Superdry and cited confidence in chief executive Julian Dunkerton’s vision for the future of the business.
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NewsMatalan crashes to first-quarter loss as lockdown hits bottom line
Matalan has tumbled into the red on its first-quarter result as boss Jason Hargreaves described coronavirus as “the biggest challenge ever faced by the sector”.
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NewsDelivery firm Hermes to create 10,500 jobs to capitalise on UK ecommerce boom
Delivery giant Hermes has said it plans to create some 10,500 jobs in the UK after seeing a surge in demand from people shopping at home during the coronavirus lockdown.
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NewsCo-op staff don face coverings early to encourage consumer use
Staff at one of the biggest Co-ops began wearing face coverings yesterday to promote their use ahead of them becoming compulsory for shoppers on Friday.
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NewsTed Baker encouraged by recent trading and online growth
Ted Baker has reported “resilient trading” despite the impact of the coronavirus pandemic and is encouraged by progress on its transformation plan.
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NewsWeek five of trading post-lockdown – the data you need to know
While footfall increased for the fifth straight week since non-essential stores were allowed to reopen, the level of increase appears to be tapering off and is still well short of normal levels.
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NewsMarks & Spencer axes 950 jobs as it ‘accelerates transformation’
Marks & Spencer is to cut almost 1,000 jobs as it reshapes operations through the ‘Never the Same Again’ programme unveiled as the coronavirus pandemic hit.
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AnalysisGoodbye Piccadilly, farewell Leicester Square: Where are retail’s new property hotspots?
People are travelling less, working from home more and less inclined to congregate in busy public spaces – will this change where retailers want to open stores?
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NewsIceland blames widening losses on tough trading conditions and Brexit
Iceland has blamed widening losses in its last financial year on tough trading conditions and ongoing uncertainty around Brexit and the December general election.
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NewsBoohoo shares bounce back after co-founders plough £15m into brand
The co-founders of fast-fashion giant Boohoo have bought another £15m worth of shares in a bid to stop the share price from falling any further.
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NewsBFC calls on government support to save fashion industry
The British Fashion Council has warned the government of the “stark reality” of the pandemic on the sector, wiping out all growth from the last decade and costing hundreds of thousands of jobs.
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AnalysisThe Big Question: Should fashion retailers stop sourcing in Leicester?
Leicester is in the spotlight again following allegations of unsafe working conditions and suppliers paying below minimum wage with links to Boohoo and Quiz. Industry experts weigh in on whether it is time for fashion to pack up in Leicester or double down on tackling the problems.