Retail news

• Debenhams mulls legal challenge over rent while Frasers Group faces legal threat

  19-04-2020 16:22 via retailgazette.co.uk
  // Debenhams’ administrators reportedly mulling launching a legal challenge to absolve them of paying rent bills
  // LondonMetric is preparing a legal challenge against Frasers Group regarding unpaid rent at an Evans Cycles storeDebenhams’ administrators are thinking about launching a legal challenge that could absolve them of responsibility for its rent bill, according to The Sunday Times.
  The news comes just days after the department store chain struck a deal with landlords so aroun
  
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• Asda, Tesco & Sainsbury’s cancel orders, seek discounts with fashion suppliers

  19-04-2020 15:25 via retailgazette.co.uk
  // Supermarket giants in the UK have put a squeeze on clothing lines suppliers
  // Asda tells suppliers they’ll be paid 30% of an order’s value & cancelled about a quarter of its orders for George
  // Tesco and Sainsbury’s have also cancelled orders, but paid suppliers in fullThree of the UK’s biggest supermarket chains have put pressure on their fashion suppliers by either cancelling orders or requesting massive discounts despite soaring food sales.
  According to the Su
  
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• Lululemon CFO Patrick Guido steps down

  19-04-2020 14:52 via retailgazette.co.uk
  // Lululemon begins search for new chief financial officer after Patrick Guido steps down
  // Guido first joined the Vancouver-based sportswear retailer in 2018Lululemon has announced that its chief financial officer Patrick Guido will be stepping down to take up a new role outside of the fashion sector.
  Guido first joined the Vancouver-based sportswear retailer in 2018.
  Lululemon has now commenced the search process for someone to replace him, and said it would consider both internal and externa
  
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• Boohoo poised to unveil soaring full year sales

  19-04-2020 14:08 via retailgazette.co.uk
  // Boohoo Group expected to post a sales jump of around 42% to £1.22bn for the year to February
  // It’s also forecast to post adjusted earnings before tax and interest of £123.6m
  // However, shareholders are expected to turn their focus to Boohoo’s performance for the current period, during which the coronavirus crisis took a holdBoohoo Group is set to unveil soaring sales for the past year, as investors await news of how the online fashion retail company has been affecte
  
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• Supermarket staff: how has coronavirus affected your work?

  19-04-2020 11:56
  
  Are you under extra pressure? Do you feel more appreciated? And should the country be clapping for you too?High streets feel emptier than ever, yet there are queues outside supermarkets and anyone trying to book an online delivery faces a long wait. With the country relying upon supermarkets to keep us fed, we want to know how it feels to be working in one of these stores on the frontline.Has your health been affected and how are your colleagues? What is your workload like now and has your emplo
  
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• From travel to shopping to who pays for home working … what you are asking around lockdown

  19-04-2020 09:00
  
  Our consumer columnist’s inbox continues to overflow. Here’s she answers some of your questionsMy flight was cancelled two days before departure and the airline is offering refunds, but as I booked through an agent, I checked the reservation on its website. The flight is still showing as confirmed with no way to claim a refund. I can’t access the online help centre – the phone number just cuts you off. How can I get my money back? Continue reading...
  
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• Consumer spending: urge to splurge, postponed 

  19-04-2020 06:00
  Luxury sector must hold out hopes for shopping sprees once the pandemic ends
  
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• $10,000 a second? Amazon’s results could be amazing

  19-04-2020 01:05
  
  The retailer’s quarterly figures, due this week, will have received a huge boost from lockdown salesAmazon will tell the world this week just how much money it has made from the “unprecedented demand shift” to its site from millions of people under lockdown conditions around the world.The retailer, which is run by the world’s richest man, Jeff Bezos, will release its sales and profit figures for the first three months of the year (including the first few weeks of the lock
  
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