Covid-19

Harrods forced to reorganise £200m credit

Harrods has been forced to reorganise its £200m credit line due to the second national lockdown causing the closure of…

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Superdry H1 revenues fall 23.3%

Superdry has announced that total revenue fell by 23.3% in the half-year period ended 24 October 2020, reflecting the challenging…

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Clarks agrees £100m rescue deal with LionRock Capital

Clarks has been rescued in a £100m deal with LionRock Capital – the Hong-Kong-based private equity firm. Announcing its new…

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Bank of England unveils £150bn covid support package

The Bank of England (BoE) has unveiled it will give the UK economy a further £150bn in crisis support and…

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Joules trading exceeds expectations

Joules’ recent sales are exceeding expectations, according to the group’s trading update in the financial year to 31 May 2021.…

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Covid-19 could shutter 18,000 stores permanently, report shows

18,000 more retail stores face permanent closure in 2020 as Covid-19 restrictions continue to damage the UK highstreet.  According to…

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M&S swings to first loss in 94 years

Marks and Spencer has swung to a pre-tax loss of £87.6m in the half-year ended 26 September, down from the…

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ABF profit slumps as Primark hit by £2bn loss

Associated British Foods, the parent company of Primark, has announced that statutory operating profit tumbled 40% to £810m in the…

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Laura Ashley returns to high street with Next partnership

Laura Ashley is set to return to the UK high street next year with a new partnership with Next, which…

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Shoe Zone to close fifth of stores over next two years

Shoe Zone has announced it expects to close a further 90 stores in the next 18 to 24 months, attributing…

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