• 'I think everybody's going to behave': Mancunians cautious as lockdown eases

    'I think everybody's going to behave': Mancunians cautious as lockdown eases
    While hairdresses were busy, many of the tables at restaurants and bars were empty at lunchtimeCoronavirus – latest updatesSee all our coronavirus coverageAmid sporadic drizzle, Mancunians in the city centre welcomed the easing of lockdown with some trepidation. While residents flocked to Manchester’s hairdressers for much-needed trims and root touch-ups, many of the physically distanced tables at its restaurants and bars were empty at lunchtime. Continue reading...
  • Capital & Regional collect 34% of rent after “significant increase” in trading

    // Capital & Regional collects 34% of rent due for the June quarter
    // The shopping centre giant said it had collected around 40% of all rents due from March 25 to the present dayCapital & Regional has received 34 per cent of rent due for the June quarter.
    The shopping centre owner said it had collected around 40 per cent of all rents that were due from March 25 to the present day, incorporating rents payable on both a quarterly and monthly basis.
    Capital & Regional kept all sev
  • English pubs pour first pints for customers since lockdown began

    English pubs pour first pints for customers since lockdown began
    Establishments across country welcome back drinkers after latest easing of lockdown rulesCoronavirus – latest updatesSee all our coronavirus coverageEnglish pubs poured their first pints since mid-March on Saturday morning, after laws allowing them to open their doors came into effect at 6am.While the vast majority of pubs do not have a licence to serve at the crack of dawn, several welcomed drinkers from 8am, after more than three months standing empty. Continue reading...
  • Mango online turnover jumps 50% thanks to Covid-19 lockdown

    // Mango records an increase of 50% in its online turnover due to the coronavirus lockdown
    // The retailer registered over 140 million visits to its online platforms from March 15 to June 1Mango has seen its online turnover jump by 50 per cent during the lockdown period as customers chose to shop from home.
    Online turnover at Mango grew from March 15 to June 1, as the Spanish retailer registered over 140 million visits to its ecommerce platforms.
    The growth represented a 20 per cent increas
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  • Shoe Zone welcomes new finance boss

    // Shoe Zone welcomes Peter Foot as new finance director
    // Foot will join office on July 6 and replace Jonathan FearnShoe Zone has appointed Peter Foot as its new finance director just a week after announcing 20 stores closures, head office job cuts and a £2.5 million half-year loss.
    Foot will join office on July 6 and will replace Jonathan Fearn, who will be leaving the business on July 31.
    He will also be appointed to the retailer’s board subject to the completion of due dili
  • Boohoo booms as Leicester garment factories are linked to lockdown

    Boohoo booms as Leicester garment factories are linked to lockdown
    Exclusive: Fashion brand profits from ‘stay home’ clothing supplied at speed from city now experiencing Covid-19 surgeCoronavirus – latest updatesSee all our coronavirus coverageOn 27 March, even as the rest of the UK were trying to make sense of how to get through the coronavirus crisis, Boohoo seemed to have nailed it.It was a Friday, and usually the fast-fashion brand’s irrepressibly bouncy Twitter account would be pitching dresses and shoes to its followers ahead of a
  • Leicester residents could be fined up to £3,200 for breaching new lockdown laws

    Leicester residents could be fined up to £3,200 for breaching new lockdown laws
    As pubs reopen in the rest of England, all non-essential businesses in the east Midlands city must close their doors againThe government has published its local lockdown rules for Leicester, which will see most businesses shutting their doors once again.The new regulations, published on Friday afternoon, come into force on Saturday, when pubs, restaurants and hairdressers can open in the rest of England. Anyone who breaks the rules in Leicester could be fined £100, which will double every
  • Struggling retailers paid less than a third of June rent, says malls owner

    Struggling retailers paid less than a third of June rent, says malls owner
    Tenants of Landsec, which also runs Trinity Leeds shopping centre, paid 92% of bill last yearCoronavirus – latest updatesSee all our coronavirus coverageLandsec, the property group behind the Trinity Leeds shopping centre and Bluewater in Kent, said struggling retailers paid less than a third of the rent due last month.Retailers paid only £9m of the £31m rent due on stores on 24 June, which equates to 29% of the total. This time last year its retail tenants paid 92% of the bill
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  • Beauty sector angry and puzzled as pubs reopen, but not salons

    Beauty sector angry and puzzled as pubs reopen, but not salons
    Ministers accused of sexism for overlooking industry in lockdown easing planCoronavirus – latest updatesSee all our coronavirus coverageAfter three months in lockdown, many had assumed the days of DIY pedicures would soon be over. But, unlike cinemas and hairdressers, nail bars and beauty and tanning salons will be forced to keep their doors shut on Saturday, with no idea when they can reopen them.“It’s really disappointing,” said Alix Claxton-Wood, the owner of Sheffield
  • M&S welcomes two new board members

    // M&S has welcomed two new board members
    // The retailer launched its ‘Never The Same Again’ programme to reflect the way shopping has changedM&S has appointed two new board members as it announced further changes to its business at its AGM on Friday.
    The chairman of advertising agency Wunderman Thompson, Tamara Ingram has joined the board as non executive director.
    Meanwhile, the international clients and market development group director of food services Compass Group
  • M&S scraps dividend and welcomes two new board members

    // M&S has welcomed two new board members
    // The retailer launched its ‘Never The Same Again’ programme to reflect the way shopping has changedM&S has appointed two new board members as it announced further changes to its business at its AGM on Friday.
    The chairman of advertising agency Wunderman Thompson, Tamara Ingram has joined the board as non executive director.
    Meanwhile, the international clients and market development group director of food services Compass Group
  • Intu CEO Matthew Roberts exits following company collapse

    // Intu CEO Matthew Roberts resigns a week after the company’s administration
    // KPMG is retaining key Intu operational staff to ensure the continued running of its 17 UK shopping centresIntu chief executive Matthew Roberts has reportedly stepped down a week after the shopping centre owner collapsed into administration.
    Employees were informed by administrators KPMG on Friday of Roberts’ decision to leave the role he had held since April last year, Sky News reported.
    The announcement
  • Intu CEO Matthew Roberts exits following administration

    // Intu CEO Matthew Roberts resigns a week after the company fell into administration
    // KPMG is retaining key Intu operational staff to ensure the continued running of its 17 UK shopping centresIntu chief executive Matthew Roberts has reportedly stepped down a week after the shopping centre owner collapsed into administration.
    Employees were informed by administrators KPMG of Roberts’ decision to leave the role he had held since April last year, Sky News reported.
    The announcement about R
  • Poundstretcher could close half its stores under rescue deal

    Poundstretcher could close half its stores under rescue deal
    About 2,000 jobs at risk after retailer agrees CVA with creditors including rent cuts
    Poundstretcher could close nearly half its stores in six weeks’ time, with 2,000 jobs at risk, after landlords and other creditors approved a rescue restructure.Rents will be cut by up to 40% on 84 stores and held at current rates on 94 stores under the insolvency process known as a company voluntary arrangement (CVA) approved late on Thursday night. Continue reading...
  • Creditors green light Poundstetcher’s CVA proposal

    // Creditors approve Poundstretcher CVA proposal
    // The CVA includes major rent cuts for much of its store estate and forms part of a wider restructure
    // No job cuts or store closures are part of the procedurePoundstretcher has had a major restructuring plan involving rent cuts approved by its creditors.
    More than 90 per cent of creditors approved the discount retailer’s CVA proposals, which will bring rent cuts of between 30 per cent and 40 per cent for 84 of its 450 stores over the next
  • Retailers paid less than a third of June rent – Bluewater co-owner

    Retailers paid less than a third of June rent – Bluewater co-owner
    Tenants of Landsec, which also runs Trinity Leeds shopping centre, paid 92% of bill last yearCoronavirus – latest updatesSee all our coronavirus coverageLandsec, the property group behind the Trinity Leeds shopping centre and Bluewater in Kent, said struggling retailers paid less than a third of the rent due last month.Retailers paid only £9m of the £31m rent due on stores on 24 June, which equates to 29% of the total. This time last year its retail tenants paid 92% of the bill
  • Studio MD Paul Kendrick promoted to CEO

    // Studio Retail MD Paul Kendrick promoted to Studio Group CEO
    // He will replace Phil Maudsley, who is retiring after 30 years with the company
    // Kendrick will assume the position in March next year, and Maudsley will stay on until thenStudio has promoted Paul Kendrick, the managing director of its retail arm, to the post of group chief executive to replace Phil Maudsley.
    Kendrick, who is executive director of Studio and managing director of its main subsidiary, Studio Retail, will take over a
  • Sainsbury’s chair defends ex-CEO Mike Coupe’s leadership

    // Sainsbury’s chair defended ex-CEO Mike Coupe’s six-year tenure at the supermarket’s AGM
    // An investor asked if Coupe would apologise for the group’s share price performance under his leadershipSainsbury’s chairman Martin Scicluna has defended the six-year tenure of former chief executive Mike Coupe after an investor at the supermarket’s AGM asked if he would apologise for the group’s share price performance under his leadership.
    Coupe stepped do
  • £14 Lidl trainers flood Ebay selling for up to £450

    £14 Lidl trainers flood Ebay selling for up to £450
    Lidl has released its own branded pair of sneakers which are now being sold for up to £450 on resale platforms at more than 30 times their original retail price.
    The branded trainers were released in Lidl stores across Finland, but have drawn widespread attention from sneakerheads worldwide.
    Launched as part of Lidl’s wider branded apparel line, which also included sliders, socks and t-shirts, the shoes were sold for the equivalent of £14.However they have now flooded resale pl
  • Landsec posts “encouraging” footfall levels

    // Landsec posts “encouraging” levels of footfall since the reopening of its centres
    // It will reinstate its shareholder dividend from November
    // 60% of its net due rent was paid at the last quarterly rent day June 24Landsec has recorded “encouraging” footfall levels at its centres and will reinstate its shareholder dividend from November, despite some retailers choosing not to pay rent.
    The shopping centre owner said 60 per cent of its net due rent was paid at the last
  • More than 1/3 of customers stung by price-gouging on essential items

    // 36% of shoppers forced to pay sky-high prices for essential hygiene and medical products during pandemic, says Which?
    // In some cases medical-grade masks were being sold for nearly 20 times the usual price
    // Amazon & eBay accounted for the majority of the reported listingsMore than a third of shoppers have been forced to pay sky-high prices for essential hygiene and medical products as unscrupulous sellers have looked to cash in on the Covid-19 crisis, according to a report.
    Consumer gr
  • Sports Direct calls for Leicester stores to stay open during local lockdown

    // Frasers Group finance boss requests Sports Direct stores to remain open in Leicester
    // Leicester went into a local lockdown after Covid-19 cases spikedFrasers Group chief financial officer Chris Wootton has reportedly written a letter to the government criticising the local lockdown in Leicester and asked for Sports Direct stores in the city to remain open.
    Sports Direct operates three stores in the city, which is the first local area in the UK to be dragged back into lockdown due to an incr
  • Post-lockdown retail sales boost did not last long

    // Retail sales in June overall was 14.4% lower compared to last year, BDO says
    // Sales were around 20% lower than last year in the first two weeks June, and only rebounded to a 7.1% decline in first week after lockdown
    // The rest of the month saw a decline of 15.5%A rapid recovery in retail sales in the first week after non-essential stores were allowed to reopen tapered off in the following days, according to new data.
    Sales were around a fifth lower than last year in the first two weeks of
  • Signs of improvement in consumer confidence as lockdown eases

    // Overall consumer confidence stands at -27, an improvement of last reading of -30
    // All index categories saw an improvement, except for sentiment over the economic situation over the last 12 months
    // The findings bring hope to UK retail as some businesses such as pubs & hairdressers prepare to reopen this weekendFragile consumer confidence is some signs of improving as more retailers exit lockdown and other high street businesses prepare to open their doors again, according to an index.
  • Retail tech draws lockdown dollars

    Amazon and Shopify reap rewards as consumers and stores take their trading online
  • Virgin-O2 merger, retail tech, US jobs

    Virgin-O2 merger, retail tech, US jobs
    UK to ask Brussels for full control over the review of Virgin Media and O2 merger
  • Studio to promote Paul Kendrick to chief executive role

    Studio to promote Paul Kendrick to chief executive role
    Studio has announced that Paul Kendrick will be promoted to the position of chief executive when current incumbent Phil Maudsley retires in March 2021. Kendrick is currently managing director of... View Article
  • Shoe Zone hires new finance director

    Shoe Zone hires new finance director
    Shoe Zone has appointed Peter Foot as its new finance director. Due to take up his role on 6 July, Foot will succeed Jonathan Fearn who will be... View Article
  • Marks & Spencer relaunches Sparks loyalty scheme

    Marks & Spencer relaunches Sparks loyalty scheme
    Marks & Spencer is relaunching its Sparks loyalty programme as a “digital first” scheme this month. In statement, the retailer said it had listened to feedback... View Article
  • Consumer confidence edges up as lockdown eases

    Consumer confidence edges up as lockdown eases
    Consumer confidence edged up in the latter part of June as Covid-19 lockdown restrictions began to ease. According to GfK’s long running Consumer Confidence Barometer, the... View Article
  • Why the secrecy around financial terms of Covid-19 loan to Celsa Steel UK? Nils Pratley

    Why the secrecy around financial terms of Covid-19 loan to Celsa Steel UK? Nils Pratley
    Rishi Sunak is right to help sector weather pandemic but needs to show Treasury is top of tree of creditorsCall it a small but significant step in the government’s Covid-19 business response: a loan has been granted to a company that does not meet the lending criteria for other support schemes.Celsa Steel UK, Spanish-owned but operating in south Wales, is the recipient. The sum is thought to be relatively small – about £30m – but 1,000 jobs were at risk. Chancellor Rishi
  • Primark/reopenings: bunny-hop Britain

    Returning to normality in everyday life and business is a stop-start process
  • Can Next or M&S turn Victoria’s Secret around?

    The retail industry was left wondering what the future holds for Victoria’s Secret when parent company L Brands placed its UK arm into administration on June 5, putting over 800 jobs and 25 stores at risk.
    Before its collapse, speculation was rife that Victoria’s Secret would have a change of hands when L Brands’ billionaire founder Lex Wexner sold the firm’s controlling stake to Sycamore Brands for about $525 million (£407 million) – a move that could’
  • Boohoo “forcing” Covid-19 positive workers to come into factory

    // Boohoo defends working practices in Leicester after claims that factory workers were forced to work despite having Covid-19
    // The PrettyLittleThing owner said it will immediately investigate the claimsBoohoo Group has responded to claims that garment workers at its factory in Leicester were “being forced to come into work while sick with Covid-19”.
    The group, which owns the likes of Boohoo, PrettyLittleThing and Nasty Gal, defended its position by pledging to immediately inv
  • Moss Bros chair Colin Porter exits as the retailer goes private

    // Moss Bros chair Colin Porter resigns along with several other directors
    // The resignations come as the menswear retailer transitions to a private company
    // Moss Bros is being bought for £22.6 million by Crew Clothing owner Menoshi ShinaMoss Bros non-executive chairman Colin Porter has reportedly stepped down, along with several other directors as the menswear retailer transitions to a private company.
    Senior independent non-executive director Alex Gersh, and non-executive directo
  • 150 office jobs at risk as WHSmith begins redundancy consultations

    // 150 WHSmith head office jobs in London & Swindon enter redundancy consultations
    // The affected roles represent around 18% of WHSmith’s head office staff count
    // Shop floor staff are not affected by the consultanciesWHSmith has kicked off a consultancy process with head office staff that could potentially lead to around 150 redundancies being made.
    The Retail Gazette understands the redundancy consultation affects the books and stationery retailer’s head offices in London and
  • Hugo Boss hires new chief sales officer as CEO steps aside

    // Hugo Boss appoints Oliver Timm as new chief sales officer
    // CEO Mark Langer will move to a consultative role on July 16, new CEO Daniel Grieder starts next year
    // Hugo Boss also expanded its online store to now trade in an additional 22 countriesHugo Boss has named Oliver Timm as its new chief sales officer and confirmed that its chief executive Mark Langer will step aside to a consultative role later this month.
    The news comes the same week the upmarket menswear retailer expanded its onlin
  • M&S announces major overhaul of Sparks as “digital first loyalty scheme” in huge digital push

    M&S announces major overhaul of Sparks as “digital first loyalty scheme” in huge digital push
    Marks & Spencer has announced a major overhaul of its iconic Sparks loyalty programme, relaunching it as a “Digital First loyalty scheme”.
    M&S’ Sparks loyalty scheme will now be entirely digital and will be hosted through an updated M&S App from Thursday July 9.
    Existing members can download their Sparks cards via the app straight to their phone or have it stored on their online shopping account. 
    Sparks’ 7 million members will no longer receive points on
  • Adidas HR boss exits after internal racism claims

    // Adidas global HR boss Karen Parkin resigns after employees called her out on internal racism
    // Parkin had been a member of the executive board since 2017Adidas HR chief Karen Parkin has resigned after employees called for her resignation over claims of racial discrimination.
    Parkin, who was also a member of the executive board, had been with the company for 23 years.
    She first joined in 1997 as a sales director for Adidas’ UK business.READ MORE:Adidas sales in China return to growth wh
  • Jeff Bezos is now richer than ever despite worst economic downturn since Great Depression

    Jeff Bezos is now richer than ever despite worst economic downturn since Great Depression
    Amazon’s chief executive Jeff Bezos’ personal wealth has hit an all time high of $171.6 billion as shares in the company surge.
    Amazon’s shares jumped over four per cent yesterday to hit a record high of $2878.7 per share, despite the US experience the worst economic downturn since the Great Depression.
    According to Bloomberg’s Billionaires Index, this means Bezos is now worth a $171.6 billion, comfortably surpassing his pre-divorce peak of $167.7 billion in 2018.
    READ MO
  • Primark loses £800m in Covid-19 lockdowns

    Primark loses £800m in Covid-19 lockdowns
    Retailer expects profits to dive by two-thirds as revenue falls 75% in three monthsCoronavirus – latest updatesSee all our coronavirus coverageCoronavirus lockdowns have cost Primark £800m, with the clothing retailer expecting profits to tumble by two-thirds this financial year. Revenues fell by 75% between 1 March to 20 June, to £582m, Primark’s owner, the FTSE 100 conglomerate Associated British Foods (ABF), reported on Thursday. Continue reading...
  • Tesco chair John Allan to help boost UK’s post-Covid economy

    // Tesco boss John Allan will lead new Covid Recovery Commission to revitalise UK economy
    // Chancellor Rishi Sunak agreed to endorse but will not have a formal government mandate
    // The panel will develop “bold” policy ideas for boosting UK productivity post-coronavirusTesco chairman John Allan is reportedly set to lead a committee of business leaders tasked with generating policy ideas for boosting the UK’s post-coronavirus economy.
    Allan will chair the new Covid Recovery Com
  • 20 retailers to cut carbon emissions ahead of government target

    // 20 retailers pledge to cut their carbon emissions
    // Amazon, Morrisons and Marks & Spencer are among the group of 20 businessesAt least 20 retailers have pledged to cut their carbon emissions, ahead of the government’s target of net-zero by 2050.
    The initiative, which is led by the BRC, means retailers could put carbon labels on their products declaring their environmental impact.
    Amazon, Morrisons and Marks & Spencer are among a group of 20 businesses who have teamed up to deve
  • Primark to lose two-thirds of profits because of coronavirus

    Discount retailer was on course to earn £1bn for the first time this year
  • Coronavirus to wipe out two-thirds of Primark profits

    Discount retailer was on course to earn £1bn for the first time this year
  • Primark loses £800m amid Covid-19 lockdowns

    Primark loses £800m amid Covid-19 lockdowns
    Clothing retailer expects profits to plunge by two-thirds as revenue falls 75% in our monthsCoronavirus lockdowns have cost Primark £800m, with the clothing retailer expecting profits to tumble by two-thirds this financial year. Revenues at Primark fell by 75% between 1 March to 20 June, to £582m, its owner, the FTSE 100 conglomerate Associated British Foods (ABF), reported on Thursday. Continue reading...
  • Primark upbeat after positive early sales post-lockdown

    // Primark sales plunge 75% to £582 million in third quarter ending June 20
    // However, it was “encouraged” by trade vast majority of its shops have exited lockdown
    // The post-lockdown demand prompts Primark to place £1bn worth of orders for the autumn & winter seasonPrimark owner Associated British Foods (AB Foods) has said sales at the high street retailer have been “encouraging” after reopening sites, despite predicting a major hit to profits.
    AB Foods
  • 17.2m Brits plan to switch to online shopping permanently

    // 17.2 million UK consumers expected to make permanent changes to their shopping habits
    // Covid-19 pandemic forecast to generate an additional £4.5bn of UK online sales in 2020
    // 69% of Brits don’t think the govt’s response to the crisis has been positive, driving risk-aversion towards physical retailCovid-19 is expected to see one-quarter of the UK’s whole population make a permanent switch to online shopping as the pandemic accelerates the move from bricks to clicks,
  • Why UK supermarkets are not making super profits

    Despite booming food sales during lockdown, stores face extra costs from the pandemic
  • UK supermarkets not in line to deliver super profits

    Despite trading through lockdown, stores face extra costs from pandemic and it is less-profitable lines that are selling

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