More on Me + Em – Page 452
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News
Primark bolsters supplier coronavirus support package with £370m commitment
Primark is to pay suppliers for hundreds of millions of pounds’ worth of additional stock to help support them through the coronavirus crisis.
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News
Retailers and landlords call on government to underwrite retail rents
Retailers and landlords have written to the chancellor pleading for help with rents, saying the future of the high street will be decided in “weeks rather than years”.
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News
Coronavirus: Asda cancels clothing orders with suppliers
Supermarket chain Asda has become the latest retailer to turn up the pressure by cancelling orders and reneging on full payments to its clothing suppliers.
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News
DFS in ‘advanced stages’ of financing discussions as it mulls equity raise
DFS has said it is in “advanced stages” of negotiation with lenders over additional financing and is mulling the possibility of an equity raise as it battles to ride out the coronavirus storm.
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News
UK retail parks weather lockdown better than high streets
Retail footfall across the UK fell to the lowest levels on record in March, although retail parks were better able to weather the storm compared with high streets and shopping centres.
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Analysis
Analysis: How coronavirus will change retail rents forever
With all non-essential retail stores shut, struggling landlords have found retail occupants unwilling or unable to pay quarterly rents. Will the coronavirus lockdown change retail rents forever?
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News
Retail Week launches virtual events
Retail Week is launching virtual events to bring the best speakers and networking opportunities straight to your laptop.
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News
Debenhams strikes deal with landlords to keep most stores open
Debenhams has agreed on terms with landlords that will enable most of its stores to carry on trading following the department store group’s administration last week.
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News
CMA provisionally clears Amazon and Deliveroo tie-up after investigation
The Competition and Markets Authority (CMA) has provisionally cleared Amazon and Deliveroo’s prospective tie-up, after finding the food delivery app’s financial position has “deteriorated”.
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News
Primark donates 74,000 products in NHS Nightingale care pack initiative
Value fashion giant Primark is providing care packs containing 74,000 products to London’s new NHS Nightingale Hospital to help support efforts to beat coronavirus.
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News
Waitrose trebles rapid delivery and doubles click-and-collect slots
Waitrose is set to treble the number of rapid deliveries available every week and increase click-and-collect slots by 50% as it works to support older and vulnerable customers.
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Analysis
The Big Question: Should grocers pass up coronavirus rates relief?
Shoppers rushed to food stores to stock up as the coronavirus outbreak took hold, prompting some to call on the grocery giants to forego emergency business rates relief as sales climbed. Retail Week asks industry experts for their views.
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News
Gousto secures £33m investment as coronavirus boosts sales
Recipe box firm Gousto has secured £33m in new funding from investors as the coronavirus lockdown has seen a growth in the meal-kit market.
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News
Government expands loan scheme as lockdown extended for three weeks
The Treasury has said businesses that turnover more than £500m will now be able to apply for government-backed support as it extended the coronavirus lockdown by at least three weeks.
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Opinion
Opinion: Furloughed employees must put their wellbeing first
As the state of lockdown continues, retail employees, broadly speaking, fit into three categories at present.
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Analysis
Analysis: Eight coronavirus consumer trends that are here to stay
Coronavirus and social distancing are having a dramatic impact on consumer behaviour, but what trends will remain once the lockdown is lifted?