All Stores and property articles – Page 155
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AnalysisThe Big Question: Should social distancing be reduced to one metre?
The government is being urged to relax the two-metre rule on social distancing ahead of shops reopening on June 15. As scientists debate whether or not a change would be safe, industry experts offer their views.
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OpinionOpinion: Time for a reset of retail rent and rates
In 2015 I closed the last of my stores due to spiralling property costs. There’s not a day since that I haven’t missed them.
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OpinionThe Secret Landlord: Retailers want to have their cake and eat it too
After years in the driving seat, the tide has turned on landlords and retailers have the whip hand. However, occupiers must remember that they need landlords too.
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News70% of shoppers wary of returning to stores ahead of non-essential reopening
As non-essential retail prepares to reopen on June 15 UK consumers are reluctant to return to normal life, with seven in 10 uncomfortable going shopping according to the second EY Future Consumer Index.
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NewsDebenhams closes more stores after failing to agree terms with Intu
Department store chain Debenhams has confirmed the closure of a further three stores after failing to agree to terms with institutional landlord Intu.
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OpinionThe Secret Retailer: Landlords are living in cloud cuckoo land
The relationship between retailers and landlords is at a critical point.
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NewsRetail sales slump in May despite relaxed lockdown restrictions
After a record low in April, May sales figures showed little signs of improvement, registering the second-worst decline since records began in 1995.
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OpinionOpinion: Changes to Sunday trading won’t kickstart a retail recovery
Few issues divide the retail industry and fire up an emotional response like Sunday trading.
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NewsDunelm opens new high street concept store
Dunelm has opened a new concept store on Crawley High Street under the Dunelm Edit fascia.
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OpinionOpinion: The time is ripe for a new breed of retail entrepreneurs
As the great retail shake-out continues, hastened rather than precipitated by the Coronavirus lockdown, so we are seeing thousands lose their jobs. Many skilled retailers – with experience of head office as well as the shop floor – are currently surplus to requirement. Will they be lost forever? I hope not. Indeed, I believe there should be a concerted effort to keep them and harness their knowledge to revitalise the high street.
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OpinionDispatch: How retailers can adopt a smart store reopening strategy
As coronavirus takes its toll on economies and businesses across the globe, Retail Week brings you regular dispatches from international retailers and experts, who provide their insights into how they are coping with the pandemic.
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NewsGap losses spiral due to effects of coronavirus store closures
Clothing retailer Gap has reported losses of nearly $1bn due to store closures in the US and internationally during the coronavirus pandemic.
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NewsCoronavirus: Debenhams to reopen 50 stores from June 15
Embattled department store chain Debenhams has announced it will reopen 50 stores across England on June 15, following the closure of its estate due to the ongoing coronavirus pandemic.
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GalleryIn pictures: How international retailers have made stores safe post-lockdown
As the UK prepares to reopen ‘non-essential’ stores on June 15, we look at some of the innovative measures being deployed by retailers that are already back in business across the globe.
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OpinionOpinion: Walmart is right – head offices must be an asset, not a burden
Retailers the world over have already had to make some huge strategic calls in their short-term responses to the coronavirus crisis.
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NewsNew Look in crunch talks over ‘radical’ switch to turnover-based rents
New Look is pressing its landlords to make a “radical” switch to turnover-based rents as it seeks to slash its property bills amid the coronavirus crisis.
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AnalysisAnalysis: As June rent day nears, what will retailers do?
At the last quarterly rent day in March, landlords received a fraction of the rent they were due as stores were forced to close under lockdown. What will happen as rent day approaches this week?
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AnalysisAnalysis: Can Primark afford not to sell online?
Primark parent company ABF’s financial director John Bason told Retail Week this week that going online was still “not a priority” and Primark would be as relevant as ever to shoppers through its reopened bricks-and-mortar stores.
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NewsShop prices fall at fastest rate since 2006 as Covid-19 hammers sales
Shop prices fell at their fastest rate since 2006 as the coronavirus crisis and non-essential store closures drove struggling retailers to launch big promotions in categories such as clothing and furniture.
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OpinionFurlough scheme update: what it means for retail
Chancellor Rishi Sunak unveiled some key changes to the furlough scheme on Friday, including bringing back workers part-time. Esther Smith, partner at law firm TLT, dissects how the updated scheme will impact retail