All articles by George MacDonald – Page 7
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NewsOasis and Warehouse tipped into administration by pandemic
Fashion retailer Oasis and sister business Warehouse have collapsed into administration as the coronavirus outbreak pushed them over the edge.
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Retail suffers miserable March as coronavirus sparks record sales slump
Retail sales went into a tailspin in March as the country entered lockdown in response to the coronavirus outbreak.
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Video: 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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Marks & 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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Opinion
Opinion: Supporting suppliers now will pay dividends tomorrow
The coronavirus pandemic has not only decimated retailers’ performance, its effects are being felt by the industry’s suppliers too.
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Tesco joins business alliance to feed NHS staff as they fight coronavirus
Tesco has joined an alliance of businesses, including fulfilment specialist Yodel, to deliver meals to NHS staff on the front line of battling coronavirus.
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Coronavirus: Arcadia store closures loom as Cath Kidston and Debenhams teeter on brink
Topshop owner Arcadia is likely to close many more shops as it reels under the blow of the coronavirus pandemic.
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WHSmith launches equity fundraising to beat coronavirus downturn
WHSmith plans to raise cash through an equity issue as it battles the business impact of the coronavirus outbreak.
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Primark to cover factory wages after coronavirus order cancellations
Primark has created a fund to cover wages of factory workers in countries such as Bangladesh and Sri Lanka where the value fashion giant has cancelled orders as coronavirus led to the closure of stores .
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Opinion
Opinion: Fenwick leadership changes are a huge roll of the dice
Department store group Fenwick is taking a risk as it parts company with both chair Richard Pennycook and chief executive Robbie Feather.
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News
The Hut Group launches £10m coronavirus support package for vulnerable communities
Online retail giant The Hut Group (THG) has established a £10m coronavirus aid package to support vulnerable communities, key workers and emergency services.
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Pets at Home profits will beat guidance, but cautions on year to come
Pets at Home will post earnings just ahead of expectations for the financial year just ended but sales in the next year are likely to be hit by the coronavirus pandemic.
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Dreams directors exit as retailer prepares for post-coronavirus landscape
Two Dreams directors will leave the beds specialist this week as the retailer adapts to a changing retail environment partly precipitated by the coronavirus outbreak.
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Marks & Spencer raises pay for frontline staff during coronavirus outbreak
Marks Spencer is to award frontline store and supply chain staff a 15% pay rise and furloughed employees will receive full pay during the coronavirus pandemic.
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Asos warehouse should stay open, staff union says
The trade union that represents Asos’s Barnsley distribution workers wants the warehouse there to carry on trading, rejecting calls for its closure by rival unions and politicians who have questioned coronavirus safety measures at the premises.
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Mike Ashley ‘deeply apologetic’ over coronavirus stores row
Frasers Group chief executive Mike Ashley has apologised after his Sports Direct business was embroiled in a row about whether stores could open during the coronavirus crisis.
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News
Coronavirus: Next and TK Maxx halt online orders
Fashion giants Next and TK Maxx have closed their warehouses and stopped taking online orders to protect staff from the coronavirus pandemic.
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Opinion
Opinion: Don’t let rogue warehouses spark an online retail lockdown
Mass store closures ordered by the government to combat the coronavirus crisis have dealt the retail industry a devastating blow.
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News
Primark holds back rent as coronavirus pandemic decimates trading
Fashion giant Primark has withheld its quarterly rent due today and is seeking to revise terms with landlords urgently due to the “unprecedented” circumstances caused by the coronavirus pandemic.
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News
Coronavirus: DFS chiefs to take pay cut and New Look pauses production to address impact
Furniture retailer DFS and fashion group new Look have revealed a range of initiatives designed to address the impact of store closures and business disruption because of the coronavirus outbreak.
