All Retail Week articles in 4-10 April 2020 – Page 2
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NewsTesco full-year profits rise as it incurs ‘significant’ coronavirus costs
Tesco has warned that the impact of coronavirus could cost its business as much as £925m as the grocer posts uplifts in full-year profits and UK sales.
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NewsAsos profits jump as it orders £200m equity raise to cope with coronavirus
Asos has launched an equity share raise and extended its revolving credit facility to deal with the impact coronavirus on its business.
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NewsCoronavirus: Holland & Barrett remains open despite staff calls for closures
Holland & Barrett has qualified as an ‘essential’ retailer as defined by government guidelines, but staff are campaigning for closures.
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NewsMorrisons and Deliveroo launch grocery home delivery partnership
Big-four grocer Morrisons has announced a new partnership with Deliveroo to offer home grocery delivery from stores.
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NewsMarks & Spencer turns pyjamas into NHS scrubs to help in coronavirus fight
Marks & Spencer is donating pyjamas to be used as scrubs by the NHS as part of several initiatives to support the health serviced during the coronavirus outbreak.
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AnalysisAnalysis: How coronavirus is really impacting Tesco
Tesco unveiled its full-year results today, but another stellar 12 months of profit and margin gains played second fiddle to its ongoing response to the coronavirus crisis.
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Digital editionRetail Week magazine: April 10
This week, you’ll find lessons from retailers experiencing lockdowns around the world, insight into the challenges facing online retailers from grocery to fashion, and how businesses are connecting with customers using TikTok. We hope you find it useful and thought-provoking.
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OpinionOpinion: Get exec pay right to ensure credit in the bank with shoppers
As many businesses are forced to furlough staff or in the worst cases make redundancies, the remuneration of high earners has understandably come under the microscope.
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OpinionOpinion: Relax Sunday trading laws during coronavirus crisis
It is an age-old debate that splits opinion like few others in the world of retail: should Sunday trading laws be relaxed?
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AnalysisThe Big Question: Can department stores survive coronavirus crisis?
As Debenhams tumbles into administration for the second time in a year and Fenwick makes sweeping leadership changes, Retail Week asks industry experts for their view on whether department stores can survive the coronavirus crisis.
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NewsNaked Wines sales to exceed £200m as lockdowns raise demand
Naked Wines has said its full-year 2020 revenues will be in excess of £200m due to higher levels of demand from new and repeat customers under lockdown because of coronavirus.
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NewsGreen to borrow against distribution centre as Arcadia seeks £50m
Arcadia owner Sir Philip Green wants to borrow £50m against one of his fashion group’s new distribution centres as his stable of brands fights for survival.
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NewsJohn Lewis creates wellbeing area for NHS Nightingale staff
John Lewis Partnership will build a wellbeing centre for staff working at the new NHS Nightingale hospital in London.
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AnalysisAnalysis: Asos data reveals lockdown sales recovery pattern in Europe
After a record first half, Asos’ celebrations have been momentarily paused as the fashion pureplay tackles the impact of coronavirus on customer traffic and sales.
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NewsCoronavirus: Government urges retailers to continue ‘vital’ trading online
The business secretary wants UK retailers to continue trading online “as a vital lifeline” for the nation during the coronavirus pandemic.
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NewsBoots to temporarily shut 60 stores and redeploy pharmacists
Boots will temporarily close 60 stores in city and shopping centre locations over the next week.
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NewsCoronavirus spurs brand partnerships for Asos
The coronavirus crisis has prompted interest from a raft of fashion brands to sell through Asos as lockdowns worldwide decimate sales through bricks-and-mortar stores.
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NewsVideo: John Lewis chair Sharon White pays tribute to coronavirus response
John Lewis Partnership chair Dame Sharon White has recorded a video paying tribute to Waitrose and John Lewis staff’s efforts to fight coronavirus and help those affected by the outbreak.
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NewsGreggs raises £150m through government coronavirus finance scheme
Greggs has accessed £150m in new finances to help see it through the ongoing coronavirus pandemic via the government’s corporate financing scheme.
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NewsDebenhams liquidates Irish arm as it appoints administrators
Ailing department store chain Debenhams has appointed administrators for the second time in 12 months and has liquidated its Irish business.
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