All Stores and property articles – Page 132
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OpinionDispatch: How retailers can adopt a smart store reopening strategy
As coronavirus takes its toll on economies and businesses across the globe, Retail Week brings you regular dispatches from international retailers and experts, who provide their insights into how they are coping with the pandemic.
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NewsGap losses spiral due to effects of coronavirus store closures
Clothing retailer Gap has reported losses of nearly $1bn due to store closures in the US and internationally during the coronavirus pandemic.
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NewsCoronavirus: Debenhams to reopen 50 stores from June 15
Embattled department store chain Debenhams has announced it will reopen 50 stores across England on June 15, following the closure of its estate due to the ongoing coronavirus pandemic.
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GalleryIn pictures: How international retailers have made stores safe post-lockdown
As the UK prepares to reopen ‘non-essential’ stores on June 15, we look at some of the innovative measures being deployed by retailers that are already back in business across the globe.
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OpinionOpinion: Walmart is right – head offices must be an asset, not a burden
Retailers the world over have already had to make some huge strategic calls in their short-term responses to the coronavirus crisis.
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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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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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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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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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NewsAldo falls into administration amid coronavirus troubles
The UK division of Canadian footwear specialist Aldo has collapsed into administration, blaming its travails on the impact of the coronavirus pandemic.
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AnalysisLive updates: Tracking retailers’ store reopening plans
The government has announced that all non-essential shops may open for trading from June 15. Retail Week tracks what retailers are planning to do in the new socially distanced world. Last updated on June 12.
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NewsPrimark: Online ‘not a priority’ as it prepares for stores reopening
Primark will not prioritise the creation of a transactional online business despite the rise of ecommerce during the Covid-19 pandemic.
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NewsJD Sports to reopen ‘as many stores as possible’ on June 15
JD Sports will reopen most of its store estate from June 15, according to a note from Peel Hunt.
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NewsCoronavirus: Employers to contribute 20% of furloughed staff salary from October
Chancellor of the exchequer Rishi Sunak has unveiled changes to the furlough scheme which will see employers contribute 20% of all staff salary by October.
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AnalysisThe Big Question: Can socially distanced stores make a profit?
Since the government announced June 15 as the date from when non-essential retailers can look to reopen stores, many retailers are now wondering if they can operate stores profitably in an era of social distancing. Industry experts give their views.
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NewsCoronavirus: Government to publish high street code of conduct on rental payments
The government has established a working group and plans to publish a code of conduct to encourage “fair and transparent” discussions between landlords and high street business tenants over rental payments.
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NewsThe Entertainer to reopen stores with fast-track services
The Entertainer is set to reopen stores in keeping with government guidelines on June 15 and has introduced new fast-track measures to help serve customers as fast as possible.
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OpinionOpinion: Forget the past – the months ahead will define retailers’ futures
There is a strange juxtaposition to be juggled in the minds of retail leaders as they prepare for a June 15 reopening.
