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Coronavirus
Frasers Group to stop rent payments until it can ‘freely trade’
Mike Ashley’s Frasers Group has reportedly told landlords that it will withhold rent payments until it is “fully able to…
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Coronavirus
Chancellor unveils new £9bn retention scheme
Chancellor Rishi Sunak has unveiled a new scheme to pay companies £1,000 bonus per employee for those they keep on…
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Clothing & Shoes
H&M to close 170 stores worldwide
H&M has announced plans to close 170 of its stores worldwide after increasing the pace of the closures due to…
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Clothing & Shoes
Allsaints creditors approve CVA
Allsaints has revealed it has received the greenlight from its creditors to go ahead with its planned CVA that will…
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Supermarkets
Tesco demands large supplier discounts as it preps for ‘price war’
Big Four Grocer Tesco has reportedly demanded discounts of up to 50% from suppliers as it prepares for a price…
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Clothing & Shoes
Boohoo denies it ‘puts workers at risk’
Online clothing retailer Boohoo has defended its business practices against accusations that it was putting workers at factories in Leicester…
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Clothing & Shoes
Arcadia to cut 500 head office jobs
Arcadia has revealed it is set to cut around 500 head office roles due to the impact of the coronavirus…
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Comment
Why every penny counts as retailers open shop doors again
The long-awaited re-opening of shop doors comes with the even bigger anticipation of turmoil within the next 12 months as…
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Coronavirus
Harrods to cut 700 jobs
Luxury department store Harrods is set to cut around 700 jobs as it attempts to weather the storm caused by…
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News
B&M reports ‘strong’ performance as revenue rises over 25%
Budget retailer B&M has reported a “strong” start to the financial year as it saw a 27.7% increase in group…
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