News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Apr- 2020 -17 April
Laura Ashley appoints third administrator amid Covid-19 crisis
Embattled retailer Laura Ashley has appointed a third administrator amid growing pressure from the coronavirus pandemic sweeping the UK. PwC…
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17 April
Chancellor extends coronavirus loan scheme to bigger firms
The Coronavirus Large Business Interruption Loan Scheme has been extended to include businesses with turnover greater than £500m. The £330bn…
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17 April
Covid-19: EWM introduces pandemic clauses into Bonmarché leases
Edinburgh Woolen Mill (EWM) is reportedly introducing pandemic clauses into any new Bonmarché leases it is due to sign with…
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17 April
TM Lewin seeks interested buyers
TM Lewin is reportedly in talks with potential buyers in light of the ongoing effects of the global pandemic. According…
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16 April
Government extends lockdown for ‘at least’ three more weeks
The government has announced an extension to the coronavirus lockdown for “at least” a further three weeks. The decision was…
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16 April
Waitrose launches initiatives to support ‘most vulnerable’ suppliers
Waitrose has revealed a number of initiatives it has launched to support its most vulnerable suppliers during the Covid-19 pandemic.…
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16 April
Chancellor extends furlough scheme deadline
Chancellor Rishi Sunak has extended the deadline for the Coronavirus Job Retention Scheme after it was found that many people…
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16 April
Zalando adds initiatives to support fashion brands despite Q1 loss
Zalando has revealed a series of new initiatives to help support its fashion brands during the current coronavirus pandemic, despite…
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16 April
Retail sales decline at ‘worst rate on record’
Retail sales suffered the “worst decline recorded” in March, with a year-on-year total sales decline of 4.3%. The findings come…
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16 April
Dunelm CEO takes 90% pay cut as company seeks coronavirus loan
Homeware retailer Dunelm has announced its CEO, Nick Wilkinson, has taken a 90% pay cut as it confirmed it is…
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