All Stores and property articles – Page 123
-
NewsH&M threatens to walk away from leases without post-coronavirus sales revival
Swedish fashion giant H&M has threatened landlords with walking away from store leases if they do not see a return in turnovers to pre-coronavirus levels once the pandemic passes.
-
Retail VoiceSecurity must be deployed to navigate these uncertain times
As UK food retailers manage surges in store footfall and non-essential retailers are forced to close, Genetec highlights why security systems can provide an ’extra pair of hands’ for the industry
-
NewsMike Ashley ‘deeply apologetic’ over coronavirus stores row
Frasers Group chief executive Mike Ashley has apologised after his Sports Direct business was embroiled in a row about whether stores could open during the coronavirus crisis.
-
OpinionOpinion: Retailers may face further pain from force majeure disputes
In little more than a week, the retail landscape in the UK has suffered unprecedented upheaval. When the dust has settled, the fallout from the Covid-19 outbreak may turn out to be one of the most significant economic events for a generation.
-
NewsRetailers face ‘ticking time bomb’ on government’s coronavirus loans
Retailers without high credit ratings have warned the government they face “a ticking time bomb” if they are not given access to its coronavirus support loans.
-
NewsCoronavirus: Intu receives less than a third of quarterly rent payments
Intu has removed its full-year financial guidance and warned that it may break banking covenants after receiving just 29% of its quarterly rent payments from tenants.
-
NewsPrimark holds back rent as coronavirus pandemic decimates trading
Fashion giant Primark has withheld its quarterly rent due today and is seeking to revise terms with landlords urgently due to the “unprecedented” circumstances caused by the coronavirus pandemic.
-
NewsCoronavirus: JD Sports, Dunelm and ScS shut stores amid lockdown
A host of retailers including JD Sports, Dunelm, ScS and Games Workshop have confirmed that their stores will close following prime minister Boris Johnson’s address to the nation last night.
-
NewsCoronavirus: Non-essential shops shut as PM orders lockdown
All shops selling non-essential goods have been told to shut as part of strict new measures enforced by the prime minister to combat coronavirus.
-
NewsNext and Greggs close all stores to combat coronavirus
Next and Greggs will both close their stores temporarily as two of the high street’s biggest names react to the coronavirus pandemic.
-
NewsRetail footfall declines worst on record as ‘true effect’ of coronavirus emerges
Retail footfall across the UK slumped to an all-time low last week as shoppers began to heed government advice to stay indoors, with London being the hardest hit.
-
NewsTed Baker sells London HQ, warns of coronavirus sales slump
Ted Baker has sold its London headquarters in a £79m deal and increased its loan facility after warning that coronavirus-related store closures have shuttered the majority of its global store estate.
-
NewsCoronavirus: Primark, John Lewis and Timpson all close stores
High street fashion giant Primark, department store chain John Lewis and shoe repair specialist Timpson all shuttered stores over the weekend in response to the burgeoning coronavirus epidemic.
-
AnalysisLive updates: Tracking retail’s response to coronavirus
Retailers and brands are reacting on an hourly basis to the challenges posed by the coronavirus crisis. Retail Week tracks the response of businesses, as they happen. Last updated on May 26.
-
NewsCoronavirus: Arcadia shutters all stores across its stable of brands
Arcadia closed all stores across its stable of brands today in a bid to focus on its digital and social platforms.
-
NewsHotel Chocolat raises £22m to fuel online and international growth
Hotel Chocolat has raised £22m through a share placing to help fuel its online and international growth once the coronavirus pandemic has dissipated.
-
NewsCoronavirus: Frasers Group issues profit warning after footfall and sales slump
Frasers Group has said the ongoing coronavirus epidemic will cause “significant disruption” to its business and that it would not achieve its previous profit guidance as a result.
-
OpinionOpinion: What past battles tell us about keeping retailers in business
Even before this week’s more draconian ‘social distancing’ guidance from the government, retailers were in uncharted territory.
-
NewsCoronavirus: Clarks to temporarily close all UK stores
Footwear specialist Clarks has announced a temporary closure of all of its UK and Ireland stores in the wake of the coronavirus pandemic.
-
AnalysisAnalysis: Should Dixons Carphone call time on its mobile business?
Dixons Carphone has revealed plans to shutter all 531 of its standalone Carphone Warehouse stores in a bid to revive its mobile business, but the move alone may not be enough to return the struggling division to profitability.