Retail news

• Schuh donates £3m to coronavirus relief efforts

  18-04-2020 15:13 via retailgazette.co.uk
  // The Schuh Trust to donate £3 million to the Covid-19 relief effort
  // Donations will go to National Emergencies Trust and the NHS Charities Together Covid-19 AppealSchuh has pledged to make a £3 million donation to coronavirus relief efforts through the Schuh Trust.
  A donation of £2 million will be made to the National Emergencies Trust while the NHS Charities Together Covid-19 Appeal will receive a sum of £1 million.
  Founded in 2011 following the acquisition of the fo
  
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• Monsoon Accessorize warns suppliers on order cancellations

  18-04-2020 15:02 via retailgazette.co.uk
  // Monsoon Accessorize tells suppliers it may need to cancel or reduce autumn 2020 orders
  // It said order not received into its UK distribution centre by March 19 will be cancelled
  // It would seek a discount on all other orders in transitMonsoon Accessorize has reportedly told suppliers it may need to cancel or reduce its autumn 2020 orders in order to mitigate the financial impact of the coronavirus pandemic.
  According to Drapers, the retailer’s founder Peter Simon wrote to supplie
  
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• CMA provisionally clears Amazon’s £400m Deliveroo investment

  18-04-2020 14:33 via retailgazette.co.uk
  // Amazon’s £400m investment in Deliveroo has been provisionally cleared by the CMA
  // CMA was previously concerned that the investment round could damage competition in the UKAmazon’s £400 million investment in Deliveroo has been provisionally cleared by the competition watchdog, after the food delivery firm said it would go bust without the cash it needs from the online retail giant.
  The CMA said that due to the coronavirus lockdown Deliveroo had suffered heavily after
  
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• Arcadia Group may permanently shut down stores amid Covid-19 crisis

  18-04-2020 14:17
  
  Philip Green’s fashion group serves notice on landlords but move may signal negotiations rather than closuresCoronavirus – latest updatesSee all our coronavirus coverageSir Philip Green’s Arcadia Group – whose brands include Topshop, Dorothy Perkins and Miss Selfridge – could permanently shut down some of its shops as the coronavirus pandemic takes a toll on high street retailers.The fashion group has served notice on its landlords to walk away from stores whose lea
  
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• Arcadia stores at risk as discussions with landlords progress

  18-04-2020 14:15 via retailgazette.co.uk
  // Arcadia Group reportedly in discussion with landlords over leases with rolling break clauses
  // This means it could terminate a lease at any time during a term
  // While landlords may be served 3 months’ notice, there’s still a chance new deals could be made to keep stores openArcadia Group is reportedly in discussion with landlords over leases with rolling break clauses, allowing the Sir Philip Green-owned retail empire to terminate a lease at any time during a term.
  The news, as
  
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• US grocery workers fear growing risks of exposure

  18-04-2020 13:00 via ft.com
  Staff complain of lack of proper protection and poor social distancing in busy stores
  
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• US strip mall owners paid less than half of April rent

  18-04-2020 12:00 via ft.com
  Coronavirus shutdown lays bare scale of real estate disruption
  
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• 'The flowers don't know we're in lockdown': farm donates blooms to key workers

  18-04-2020 07:00
  
  Unable to sell its produce, a Bath grower is giving its flowers away to a local hospitalThe Electric Daisy Flower Farm’s business relied on selling its blooms grown near Bath at a newly opened shop in Hampstead, north London.But, as the managing director, Fiona Haser Bizony, says: “The flowers don’t know we’re in a lockdown.” Continue reading...
  
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