All Stores and property articles – Page 138
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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NewsChancellor suspends business rates for 12 months for ‘economic fight’
The chancellor has announced 12-month business rates holidays for all retailers and pubs as part of a sweeping set of measures designed to support business in the face of the coronavirus outbreak.
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AnalysisData analysis: Opportunities and challenges for department stores
As John Lewis embarks upon a strategic review of its business and coronavirus hammers department store sales, Retail Week takes a deeper dive to investigate the challenges and opportunities across the UK department store sector.
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NewsDebenhams demands rent holiday as coronavirus dents footfall
Embattled department store chain Debenhams has heaped further misery on its landlords by requesting a rent holiday of up to five months as fears over coronavirus dent high street footfall.
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NewsCoronavirus: H&M sales hit as it shutters swathes of European stores
H&M will temporarily close hundreds of stores across Europe in a bid to battle the spread of coronavirus as its quarterly sales in China were hit by the pandemic.
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NewsPrimark owner calls for rates reform as coronavirus outbreak hits trade
Primark parent company ABF’s finance director John Bason has urged the government to address business rates reform as the retail industry battles the impact of the coronavirus outbreak.
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NewsIntu on the brink after reporting £2bn valuation loss
Shopping centre giant Intu has reported a £2bn loss for its last financial year and warned it is at risk of going under if it cannot raise more funds.
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GalleryGallery: The head-turning stores designed for Instagram
From oversized lollipops to millennial pink, Retail Week explores how retailers are winning in the social media space.
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AnalysisDocumentary: A future defined by retail re-engineered
A truly creative customer-centric strategy and wholesale transformation of businesses beyond digital is required for retailers to survive, experts have warned.
