Coronavirus
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May- 2020 -7 May
White Stuff to cut jobs as it prepares for post-lockdown retail
Fashion retailer White Stuff is reportedly set to cut both sales and head office jobs as it prepares for like…
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7 May
Zalando anticipates FY sales growth of 10% to 20%
Online fashion retailer Zalando has revealed it is expecting an increase in its full year gross merchandise (GMV) volume by…
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7 May
Superdry sales slide as stores are shuttered
Superdry has announced that its fourth quarter performance was “substantially impacted” by the outbreak of Covid-19, with year-on-year revenue tumbling…
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6 May
Business rates revaluation postponed until 2022
A revaluation of business rates will no longer take place in 2021 in line with the government’s latest efforts to…
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6 May
Waitrose to open new distribution centre to double deliveries in London
Waitrose this week will open a new six-acre Customer Fulfilment Centre in Enfield, North London, to double its online grocery…
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5 May
Furlough errors could cost small firms
SMEs are making errors on their applications for the Government’s furlough scheme, meaning they will have to repay thousands of…
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5 May
Chancellor promises no ‘cliff-edge’ end to furlough scheme
Chancellor Rishi Sunak has promised there will not be a “cliff-edge” end to the Government’s furlough scheme. Speaking to ITV…
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5 May
J.Crew files for bankruptcy protection
J.Crew has become the first major US retailer to officially file for bankruptcy protection amid the global lockdown. As per…
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4 May
Sports Direct managers say firm asked them to work while on furlough
Mike Ashley’s Sports Direct and House of Fraser firms reportedly asked store managers to work one day a week despite…
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4 May
Government announces new £617m scheme for SMEs in shared office spaces
The Business Rates loophole which meant small businesses in shared office space missed out on a £10,000 cash grant has…
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