More on Me + Em – Page 591
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NewsNew Look in crunch talks over ‘radical’ switch to turnover-based rents
New Look is pressing its landlords to make a “radical” switch to turnover-based rents as it seeks to slash its property bills amid the coronavirus crisis.
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OpinionOpinion: A golden age of retail localisation beckons
Along with the weekly big shop, the coronavirus pandemic has heralded a resurgence of another once feared-to-be-endangered species – the local shop.
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OpinionOpinion: Carrefour must learn from the past to avoid another bout of travel sickness
Carrefour’s acquisition of 224 stores in Taiwan runs counter to recent strategic retreats from international markets of many once-global food retailers. International expansion remains a viable route to growth for food retailers, but only if the lessons of the past can be learned.
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AnalysisAnalysis: As June rent day nears, what will retailers do?
At the last quarterly rent day in March, landlords received a fraction of the rent they were due as stores were forced to close under lockdown. What will happen as rent day approaches this week?
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NewsM&S chair Norman: We are working in ‘ways we have never operated before’
The chair of Marks & Spencer says the coronavirus emergency has forced the retailer to operate “in ways we have never operated before”.
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NewsCo-op expands robot delivery service to meet doubling demand
The Co-op has expanded its robot delivery service in and around Milton Keynes to meet increased customer demand.
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NewsGrocers urge CMA to block Amazon-Deliveroo deal
Retailers are ratcheting up the pressure on competition authorities to block Amazon’s investment in Deliveroo, just days before a final verdict on the deal is due.
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AnalysisAnalysis: Can Primark afford not to sell online?
Primark parent company ABF’s financial director John Bason told Retail Week this week that going online was still “not a priority” and Primark would be as relevant as ever to shoppers through its reopened bricks-and-mortar stores.
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NewsShop prices fall at fastest rate since 2006 as Covid-19 hammers sales
Shop prices fell at their fastest rate since 2006 as the coronavirus crisis and non-essential store closures drove struggling retailers to launch big promotions in categories such as clothing and furniture.
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OpinionFurlough scheme update: what it means for retail
Chancellor Rishi Sunak unveiled some key changes to the furlough scheme on Friday, including bringing back workers part-time. Esther Smith, partner at law firm TLT, dissects how the updated scheme will impact retail
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NewsJobs saved as ‘substantial’ part of Oddbins bought out of administration
More than half of off licence chain Oddbins stores will remain open after the retailer was bought out of administration by an unknown bidder.
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NewsAngling Direct swings to loss and blames winter flooding and store acquisitions
Specialist retailer Angling Direct reported a net loss before tax for the last financial year, which it blamed on new store acquisitions and a disappointing post-Christmas trading period.
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NewsIntu predicts rents to plummet as it eyes non-essential retail reopening
Embattled institutional landlord Intu has told investors it expects the amount it collects from rents and service charges to plummet this year as it unveiled its plans to reopen non-essential retail.
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OpinionOpinion: Via Outlets boss on how to cater for socially distant shopping
As Covid-19 spread across Europe and was declared a global pandemic, Via Outlets was ordered to close eight of its 11 premium fashion outlet centres spread across nine different European countries – specifically those in Central Europe and Iberia.
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NewsUS retailers and brands offer support to protests
Some US retail chains have sustained damage and had goods stolen amid protests against police violence against black people, but many have released statements supporting the protestors.
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NewsTed Baker founder Kelvin halves stake in fundraising bid
Ted Baker’s founder Ray Kelvin has slashed his stake in the business by 55% as investment firm Toscafund surpasses him as the company’s largest shareholder.
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NewsTesco chief financial officer to step down next year
Tesco’s “outstanding” finance boss Alan Stewart will retire from the grocer next year after six years in the role.
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NewsIkea strikes up partnership to drive circular economy ambitions
Ikea has partnered with sustainability charity The Ellen MacArthur Foundation in a bid to reduce product waste and ultimately become a circular business by 2030.
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NewsCard Factory full-year profits fall as it prepares for phased reopening
Card Factory has reported a drop in its full-year profits despite an increase in sales in a “challenging” year.
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OpinionOpinion: Covid-19 has exposed retail’s digital dawdlers
It would be no overstatement to suggest that the Covid-19 emergency has prompted one of the most seismic shifts in consumer behaviour in the last 100 years.