Covid-19

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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Consumer confidences slumps to lowest level since records began

Gfk’s long-running Consumer Confidence Index has decreased drastically by 25 points between the first two and last two weeks of…

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Coronavirus and the Retail Property Sector

Coronavirus continues to spread across the world and many countries have now established strict social distancing measures to halt its…

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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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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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Aldi Ireland appoints Niall O’Connor as group managing director

Aldi Ireland has announced the appointment of Niall O’Connor as its new group managing director (GMD). O’Connor will be responsible…

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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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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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Boots reports 18% decrease in operating income amid Covid-19 virus outbreak

Health and beauty retailer Boots has reported a 18.7% decrease in operating income to $1.2bn (£973m) as a result of…

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Primark execs take 50% pay cut

Primark bosses have revealed that they will slash their pay in half  in light of the ongoing coronavirus crisis. George…

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