Retail news

• Next chief’s pay doubles despite giving up bonus

  14-04-2020 21:02
  Long-term incentive plan helps Simon Wolfson lift remuneration to £3.19m before coronavirus waiver
  
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• French court orders Amazon to do more to protect workers 

  14-04-2020 20:18
  Shipments limited to essential items after unions sought extra Covid-19 prevention measures
  
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• EXCLUSIVE: Less than 1/3 of workers believe UK retail will bounce back after lockdown

  14-04-2020 18:37 via retailgazette.co.uk
  // 32% retail workers confident the industry will recover after the lockdown is relaxed
  // 66% of survey respondents fear the current health of UK retail might be worse than it seems
  // 50% say what the government’s support packages so far was “only a start” and more was neededLess than a third of UK retail workers believe the sector will recover after the coronavirus lockdown is relaxed but two-thirds fear the health of the industry may be worse than it seems, according to new
  
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• Fashion group Oasis near to collapse with 2,400 jobs at risk

  14-04-2020 18:05
  Womenswear chain set to become latest high street victim of coronavirus  
  
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• Morrisons gives NHS staff 10% discount for 12 weeks

  14-04-2020 17:04 via retailgazette.co.uk
  // Morrisons announces 10% discount on shopping for all NHS heroes during the Covid-19 pandemic
  // The 10% discount comes into effect from Thursday
  // It will last for at least 12 weeksMorrisons has announced a 10 per cent discount on shopping for all NHS staff for 12 weeks to support the UK’s frontline health care workers through the Covid-19 pandemic.
  The Big 4 grocer said the discount comes into effect from Thursday this week and will last until July 12, when it will be reviewed.
  Morris
  
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• 2300 jobs at risk as Oasis & Warehouse prepares for administration

  14-04-2020 15:56 via retailgazette.co.uk
  // 2300 jobs at risk amid reports as Oasis & Warehouse prepares to slide into administration
  // Deloitte expected to be appointed administrators either today or tomorrow
  // News comes 3 weeks after The Oasis & Warehouse Group began exploring a sale of the businessAround 2300 jobs are at risk amid reports that women’s fashion chains Oasis and Warehouse are preparing to slide into administration.
  The retailers are expected to appoint big four auditor Deloitte either today or tomorrow
  
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• Oasis and Warehouse close to collapsing into administration

  14-04-2020 15:55
  
  About 2,300 jobs at risk as coronavirus crisis hindered chance of finding a buyerCoronavirus – latest updatesSee all our coronavirus coverageThe fashion chains Oasis and Warehouse are set to collapse into administration as early as Tuesday, putting some 2,300 jobs at risk.The advisory firm Deloitte is lined up to handle the insolvency process for the retail chains, which, until the coronavirus lockdown, operated 90 standalone stores and more than 400 concessions in department stores includ
  
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• Next website overwhelmed after re-opening online trading

  14-04-2020 15:22 via retailgazette.co.uk
  // Next’s online trading site closes within hours after re-opening this morning
  // Retailer says it reached its daily order limit already but will return tomorrow
  // The limit was put in place to keep the limited numbers of warehouse staff safe amid the coronavirus pandemicNext returned to selling clothes online this morning after the fashion retailer put extra safety measures in place to ensure warehouse staff can work safely during the pandemic.
  However, by 9am the website had closed aga
  
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• Next reopens online store at ‘very limited’ capacity

  14-04-2020 13:23
  ‘Rigorous social distancing’ means willing employees can staff warehouse
  
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• Next shuts website for the day only hours after reopening

  14-04-2020 13:09
  
  Daily order limit imposed by retailer because of coronavirus crisis was met by 8.30amCoronavirus – latest updatesSee all our coronavirus coverageNext has shut its website for the day only hours after reopening, having met its order target by 8.30am.The clothing retailer reopened its online operations for the first time in almost three weeks on Tuesday after closing because of concerns about the safety of staff in its warehouses during the coronavirus crisis.Income subsidies Continue readin
  
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• Cake Box suspends dividends

  14-04-2020 12:50 via retailgazette.co.uk
  // Cake Box suspends dividend after closing stores in the wake of the coronavirus pandemic
  // However, it saw full-year like-for-like sales and adjusted profits increase 2% & 10% respectively
  // Cake Box has furloughed the majority of its head office, warehouse & bakery staffCake Box has suspended its dividend after the cake chain was forced to close its stores in the wake of the coronavirus pandemic.
  However, the retailer said it saw like-for-like sales and adjusted profits increase in
  
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• Morrisons customers can now order by phone for next-day delivery

  14-04-2020 12:46 via chargedretail.co.uk
  
  Morrisons has launched a dedicated telesales shopping service offering next-day delivery on essential items for the “vulnerable and elderly”.
  Customers can now order from a list of 47 essential items over the phone and pay for goods with their credit card when their order is delivered.
  The “takeaway” menu includes staple items like eggs, milk, pasta and potatoes and customers can refuse items on delivery if they do not match their preferences.
  This is the latest in a stri
  
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• John Lewis launches virtual fashion styling service via Instagram

  14-04-2020 11:08 via chargedretail.co.uk
  
  John Lewis has launched a range of new virtual services allowing customers to connect with experts for consultations via Instagram.
  The department store has reintroduced a number of consultation services virtually for its online customers after closing its entire store estate on March 23.
  Customers can now book a one-to-one virtual appointment with a John Lewis’ fashion stylist for free via Instagram video calls.
  “Our stores are currently closed, but we wanted to make sure we could s
  
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• Only 9% of £11bn coronavirus support package sent to small businesses

  14-04-2020 10:58 via retailgazette.co.uk
  // Only 9% of all support pledged for small firms as part of the government’s £11bn coronavirus support package has been paid out by local councils
  // The scheme means all businesses in England will be eligible for small business rates reliefJust nine per cent of the government’s £11 billion coronavirus support package has been paid out to small firms that were earmarked for support.
  Small businesses have been allocated around £1 billion in grant funding schemes und
  
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• Coronavirus: Government plans overhaul of emergency loans scheme

  14-04-2020 10:31 via retailgazette.co.uk
  // Chancellor Rishi Sunak is due to sign off proposals which enable eligible businesses apply for the new loan scheme
  // The Treasury plans to double the interest-free sums available to companiesThe government has reportedly announced an overhaul of the emergency loan packages for larger businesses that are attempting to trade through the coronavirus pandemic.
  The Treasury plans to double the interest-free sums available to companies under the Coronavirus Large Business Interruption Loan Scheme
  
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• Coronavirus: Moss Bros delays full-year results

  14-04-2020 09:32 via retailgazette.co.uk
  // Moss Bros delays the publication of its full-year results
  // The results will be released in late July under the government’s new temporary relief measuresMoss Bros has delayed its full-year results from late May until late July under the government’s new temporary relief measures.
  The news comes after the menswear retailer warned of the impact of coronavirus earlier this year.
  It said the Covid-19 crisis will result in a “significant” reduction in revenue an
  
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• Fat Face keeps website open to survive through Covid-19 crisis

  14-04-2020 08:57 via retailgazette.co.uk
  // Fat Face vows to continue selling online after closing all stores
  // It is seeking to raise new cash to help the business through the Covid-19 crisisFat Face has reportedly said it will continue selling clothes through its website after closing all of its stores, as it seeks new cash during the coronavirus pandemic.
  The British lifestyle retailer is offering customers free, contactless delivery and an extended six-month returns policy.
  It is currently in discussions with its private equi
  
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• Coronavirus: 20% pay cut for Co-op CEO Steve Murrells

  14-04-2020 08:33 via retailgazette.co.uk
  // Co-op encourages its 4.6m members to donate their unspent rewards worth up to £30m to its new coronavirus fund
  // The funding will be donated to Covid-19 relief efforts
  // Co-op CEO Steve Murrells takes 20% pay cutCo-op chief executive Steve Murrells has agreed to a 20 per cent pay cut over the next three months to begin its Members’ Coronavirus Fund.
  The retailer hopes to raise £30 million with unspent rewards from its 4.6 million members, which it will donate to food banks
  
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• Takeaway suitor Naspers flaunts $8bn takeover budget

  14-04-2020 06:00
  South African ecommerce group insists it remains in acquisition mode
  
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• Next restarts online sales after protecting staff from Covid-19

  14-04-2020 01:04
  
  UK retailer reopens warehouses that shut in March with two-metre rule and other measuresNext bosses have said they will begin selling online again on Tuesday this week after putting extra safety measures in place to ensure warehouse staff can work safely.The UK’s second-biggest clothing retailer closed its online operations in late March because of the coronavirus crisis. Related: UK fashion retailers brace for shakeup as clothing piles up in warehousesContinue reading...
  
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• Co-op hopes to raise £30m for people hit by Covid-19 lockdown

  14-04-2020 01:01
  
  Retailer enables members to donate shopping rewards and chief executive takes pay cutCoronavirus – latest updatesSee all our coronavirus coverageThe Co-op hopes to raise £30m to help those hardest hit by the coronavirus lockdown by allowing members to donate their unspent shopping reward points to a new support fund which will also draw on the chief executive’s salary.The food retailer estimates that its 4.6 million members have built up points worth £30m by earning a rew
  
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• Welcome Break delivers 30,000 easter eggs to food banks

  14-04-2020 01:00 via theretailbulletin.com
  
  Motorway service operator Welcome Break donated over 30,000 easter eggs, sweet treats and flowers to food banks in the Trussell Trust’s network over Easter. The Trussell... View Article
  
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• Understanding fraud and regulation

  14-04-2020 01:00 via theretailbulletin.com
  
  By Marc Docherty, Head of UK Acquiring, Ingenico Enterprise Retail.  As technology advances and payments are increasingly made online, fraud cases are unfortunately on the rise... View Article
  
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• Next reopens online, warehouse and distribution operations

  14-04-2020 01:00 via theretailbulletin.com
  
  Next is partly reopening its online business today after implementing an extensive range of new covid-19 related safety measures. The move also follows consultation with Next’s... View Article
  
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• Next re-opens online, warehouse and distribution operations

  14-04-2020 01:00 via theretailbulletin.com
  
  Next is partly reopening its online business today after implementing an extensive range of new covid-19 related safety measures. The move also follows consultation with Next’s... View Article
  
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• Mention Me: 5 industries booming in sales & referrals during the Covid-19 pandemic

  14-04-2020 01:00 via theretailbulletin.com
  
  Guest Blog: Last week, Mention Me wrote about the brands doing good for their customers and community during the Coronavirus crisis. This week, they’re shifting thier... View Article
  
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• JYSK to invest €200 million in new distribution centre in Hungary

  14-04-2020 01:00 via theretailbulletin.com
  
  Furniture retailer JYSK is to begin building a new distribution centre in Hungary this month. Once up and running, the facility in Ecser will employ around... View Article
  
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• JD launches launches in-store bakery convenience offering

  14-04-2020 01:00 via theretailbulletin.com
  
  Chinese online retail giant JD has launched a new convenience store offering in the form of an in-store bakery in Beijing. Part of JD’s New Markets... View Article
  
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• JD launches in-store bakery convenience offering

  14-04-2020 01:00 via theretailbulletin.com
  
  Chinese online retail giant JD has launched a new convenience store offering in the form of an in-store bakery in Beijing. Part of JD’s New Markets... View Article
  
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• Central England Co-operative provides coronavirus safety measure update

  14-04-2020 01:00 via theretailbulletin.com
  
  Central England Co-operative has provided an update on the safety measures it has put in place throughout the coronavirus crisis. The business has implemented social distancing... View Article
  
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• 5 industries booming in sales & referrals during the Covid-19 pandemic

  14-04-2020 01:00 via theretailbulletin.com
  
  Guest Blog: Last week, Mention Me wrote about the brands doing good for their customers and community during the Coronavirus crisis. This week, they’re shifting thier... View Article
  
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