Covid-19

Ralph Lauren sees Q3 revenues drop 18%

Ralph Lauren has announced that in its third quarter ended 26 December 2020, revenues decreased by 18% to $1.4bn (£1.02bn)…

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Jigsaw sales down £31m amid pandemic

Jigsaw, a fashion clothing retailer, has reported a fall in sales of £31m for 2020 as a direct result of…

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Jeff Bezos to step down as Amazon CEO

Amazon has announced that founder Jeff Bezos will step down from his role as CEO in Q3, and instead transition…

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13,000 Scottish retail jobs were lost before Covid-19, SRC reveals

13,000 Scottish retail jobs were lost between 2016-2018, a new paper by the Scottish Retail Consortium (SRC) reveals.  The report…

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Adapting and diversifying as a result of Covid-19

It’s no secret that 2020 was a tough year for many businesses. The closure of non-essential stores meant that the…

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New lockdowns edge consumer confidence to near-record low

The final quarter of 2020 saw consumer confidence fall by 1%, to a near-record low -17%, according to the latest…

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BRC chief calls for rates extension as vacancies rise by 13%

Helen Dickinson, chief executive of the British Retail Consortium (BRC) has urged the government to extend business rates relief beyond…

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Card Factory to receive one month covenant breaches waiver

Card Factory has been issued a one month extension to covenant breaches by banks until 28 February 2021. Earlier this…

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Supermarkets, the unsung heroes

Of all the many seismic changes that 2020 has precipitated, one that may have gone under the radar of most…

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Westfield turns vacant unit into vaccination hub

A vacant retail outlet in Westfield shopping centre Stratford has been turned into Covid-19 vaccination centre.  The vaccination centre will…

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