All Retail Week articles in 14-20 March 2020 – Page 4
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NewsCoronavirus: Frasers Group issues profit warning after footfall and sales slump
Frasers Group has said the ongoing coronavirus epidemic will cause “significant disruption” to its business and that it would not achieve its previous profit guidance as a result.
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NewsCoronavirus: M&S expects profits at lower end of target range
Marks & Spencer has said profits for the end of the 2019/20 financial year could be at or even below the bottom end of expectations as a result of the ongoing coronavirus epidemic.
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NewsScS profits and sales up despite low consumer confidence
ScS has reported increases in both gross sales and profit in its half-year results, despite low customer confidence and the developing coronavirus situation.
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AnalysisAnalysis: Next and ‘business as usual’ in the time of the coronavirus
Coronavirus is dominating headlines, from TV bulletins to the front pages of every newspaper section.
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NewsHotel Chocolat raises £22m to fuel online and international growth
Hotel Chocolat has raised £22m through a share placing to help fuel its online and international growth once the coronavirus pandemic has dissipated.
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NewsCoronavirus: Travis Perkins pauses Wickes demerger due to ‘extreme volatility’
Travis Perkins has put its planned demerger of home and DIY business Wickes on hold in light of “extreme stock market volatility”.
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NewsCoronavirus: Walmart creates 150,000 jobs, pays $550m bonus to stores
Walmart plans to hire 150,000 temporary workers and award its hourly paid staff special bonuses totalling $550m as it tackles the coronavirus crisis.
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NewsCoronavirus: Grocers ramp up hiring to deal with extra demand
Tesco, Asda, Aldi and Lidl have all ramped up their hiring of temporary staff to help stack shelves and ease the burden on existing colleagues due to the coronavirus outbreak.
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NewsCarpetright to sponsor Exeter City Football Club
Carpetright has stepped in to sponsor Exeter City Football Club after its previous shirt sponsor Flybe went bust.
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NewsCoronavirus: Superdrug owner launches £40m staff support package
AS Watson, the owner of Superdrug, The Perfume Shop and Savers, has unveiled a £40m financial support scheme for employees affected by the coronavirus pandemic.
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NewsCoronavirus: Government orders pubs and restaurants to close, defers VAT payments
The government has ordered that a range of businesses including pubs, clubs and restaurants close from tonight and unveiled a VAT deferral scheme as part of a support package for businesses hit by the coronavirus pandemic.
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NewsCoronavirus: Arcadia shutters all stores across its stable of brands
Arcadia closed all stores across its stable of brands today in a bid to focus on its digital and social platforms.
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AnalysisLive updates: Tracking retail’s response to coronavirus
Retailers and brands are reacting on an hourly basis to the challenges posed by the coronavirus crisis. Retail Week tracks the response of businesses, as they happen. Last updated on May 26.
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