Coronavirus
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Apr- 2020 -8 April
Holland & Barrett staff call for stores to close over safety concerns
Holland and Barrett has said its stores will remain open during the Covid-19 pandemic as the government views it as…
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8 April
Tesco: Sales rise 30%, but virus could cost nearly £1bn
Tesco has revealed that its sales rose 30% in the first few weeks of the coronavirus crisis, in light of…
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7 April
Footfall nosedives by 81%
Footfall across bricks and mortar retail destinations declined by 75.1% in the week beginning 22 March, according to the latest…
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7 April
WH Smith raises £166m through share placing
WH Smith has raised £166m through a share placing in efforts to shore up its finances amid the ongoing coronavirus…
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6 April
Debenhams appoints FRP as administrator
Debenhams has announced its intent to appoint an administrator in order to “protect” the business from creditors during the coronavirus…
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6 April
Temporary store closures due to coronavirus lead to 14% drop in retail jobs
The UK job market has been hit hard by the coronavirus outbreak, with retail jobs dropping by 14% in March,…
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6 April
WH Smith to raise equity amid ongoing pandemic
WH Smith has announced its plans to issue equity in order to secure a £120m lending facility amid the ongoing…
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3 April
Debenhams readying to appoint administrators amid Covid-19
Department store chain Debenhams is reportedly set to enter administration for the second time in a year in order to…
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3 April
Chancellor unveils new measures to SME loan scheme
Chancellor of the exchequer Rishi Sunak has unveiled a major overhaul to his previously announced SME loan scheme. Initially, the…
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3 April
Arcadia bosses to face 50% pay cuts as 14,500 staff furloughed
Philip Green’s Arcadia Group has announced it has placed 14,500 members of staff on government furlough and has revealed its…
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