All Retail Week articles in 12-18 September 2020 – Page 2
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Opinion
‘Landmark CVA vote must usher in a New Look for retail rents’
One line stood out in New Look chief executive Nigel Oddy’s statement this afternoon after creditors rubber-stamped its controversial company voluntary arrangement (CVA).
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News
New Look CVA gets green light from landlords saving over 11,000 jobs
New Look has had its company voluntary arrangement (CVA) seeking to move over 400 of its stores on to turnover-based rents approved by creditors, saving over 11,000 jobs.
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News
Ocado struggling with new customer backlog despite capacity increase
Ocado’s chief financial officer has defended the retailer’s response to growing demand for its service, despite saying it was “barely scratching the surface” with regards to its backlog of new customers.
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News
H&M posts ‘better than expected’ recovery
H&M has announced it expects a return to profit this year, as its finances begin to recover post-Covid.
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News
Morrisons poaches Sainsbury’s Rachel Eyre as new customer and marketing boss
Morrisons has poached Sainsbury’s Rachel Eyre as its new chief customer and marketing officer.
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News
Eat Out to Help Out scheme wipes £155m off supermarket sales
Shoppers spent £155m less in supermarkets last month as they returned to restaurants, pubs and cafes during the Eat Out to Help Out scheme.
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News
Next seals deal for Victoria’s Secret UK business
Next has reportedly sealed a deal to snap up a majority stake in Victoria’s Secret’s struggling UK business.
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News
Eve Sleep ties up with Boots on Christmas ranges as losses narrow
Eve Sleep has partnered with health and beauty giant Boots to launch a range of Christmas gifting products as it seeks to build sales momentum.
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News
Ocado sales rise as M&S partnership goes live
Ocado has posted an increase in quarterly sales and hailed a “positive” start to its joint venture with Marks & Spencer.
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News
New Look future hangs in balance as property giants reject CVA
Two of New Look’s biggest landlords are poised to vote against its crunch CVA today in a move that will throw the fashion retailer’s survival into doubt.
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News
Tesco wades into supermarket price war with two-pronged savings salvo
Supermarket giant Tesco has become the latest grocer to wade into the price war, unveiling sweeping cuts to customers through Clubcard and its Aldi Price Match.
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Gallery
Store gallery: Apple unveils floating flagship store in Singapore
Apple has launched its first store sitting directly on water, in the Marina Bay in Singapore.
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News
Matchesfashion bolsters top team with new appointments
Matchesfashion has made two new additions to its leadership team in a bid to boost its online expertise.
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News
Aldi launches click-and-collect trial as it ramps up digital capabilities
Aldi has launched a click-and-collect trial for staff at one of its stores in the Midlands, with a view to rolling the service out for customers in the “coming weeks”.
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News
Burberry partners with Twitch to livestream fashion show
Burberry has partnered with streaming service Twitch to livestream its spring/summer 2021 fashion show.
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News
Sir Philip Green’s Arcadia Group ‘sorry’ amid redundancy pay U-turn
Fashion empire Arcadia has said it is “extremely sorry” after reversing a decision that would have seen the firm pay head-office staff facing redundancy half their notice pay.
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News
‘Visionary’ retail entrepreneur Sir Terence Conran dies aged 88
Sir Terence Conran, the British designer and retail entrepreneur who ‘revolutionised the way we live in Britain’, has passed away.
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News
Boohoo eyes New Look as crunch CVA vote looms
Boohoo is understood to be planning a swoop on New Look if its CVA is not voted through by landlords this week, with the fashion retailer warning it could collapse without rent cuts.
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Analysis
Analysis: The local councils on a mission to revive shopping centres
While shifting customer behaviours and now coronavirus have taken a heavy toll on traditional shopping centre owners, Retail Week looks at the councils and retailers seeking to revitalise these spaces.
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