Retail news

• Burberry cuts salaries and refuses to furlough staff

  25-04-2020 15:08 via retailgazette.co.uk
  // Burberry cuts directors’ pay by 20% to save money for charity
  // The retailer said it will not use the government’s coronavirus job retention schemeBurberry has temporarily axed its directors’ salaries by 20 per cent and said it will not rely on the government’s coronavirus job retention scheme for employees unable to work due the Covid-19 pandemic.
  The luxury retailer’s chief executive Marco Gobbetti announced on Friday that he and the rest of the board of
  
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• Coronavirus: Grocers may be forced to extend Sunday opening hours

  25-04-2020 14:43 via retailgazette.co.uk
  // New government proposals may see UK grocers have to stay open for longer on Sundays
  // Business secretary Alok Sharma said he is considering the longer shopping hoursThe government is drawing up new proposals which could mean supermarkets will stay open for longer on Sundays in a bid to make it easier for customers to stock up on essentials.
  Business secretary Alok Sharma said he had launched a review this week of the laws that currently restrict Sunday opening times to six hours.
  Sharma 
  
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• Coronavirus: Aldi launches new food parcels for those vulnerable

  25-04-2020 13:52 via retailgazette.co.uk
  // Aldi CEO Giles Hurley wrote to customers to update on initiatives
  // The discounter has introduced new £24.99 food parcels
  // It has also signed up to the government’s voucher scheme to support children eligible for free school mealsAldi has launched new food parcels for home delivery “to ensure that as many people as possible can access affordable groceries” amid the coronavirus lockdown.
  The discount grocer’s chief executive for UK and Ireland Giles Hurley wrot
  
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• Poundstretcher store closures likely as KPMG is drafted in

  25-04-2020 13:12 via retailgazette.co.uk
  // Poundstretcher kicks off review of its finances despite remaining open during coronavirus lockdown
  // It said a cost-cutting strategy was the way forward for the loss-making retailer
  // The majority of Poundstretcher’s 450 UK stores have remained openPoundstretcher has reportedly drafted in KPMG advisers to begin a review of the business’ finances amid the coronavirus pandemic.
  The discount retailer has hired advisers to review options and strengthen its balance sheet, Sky News re
  
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• Craft site Etsy sews up share bounce with homemade masks

  25-04-2020 10:00 via ft.com
  Price climbs from record low to new high as 50,000 sellers turn to making coronavirus protection
  
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• Will shoppers return to the UK high street after lockdown?

  25-04-2020 08:00
  
  Retailers fear the coronavirus pandemic could permanently change consumer habitsCoronavirus – latest updatesSee all our coronavirus coverageCoronavirus has already triggered a wave of high street failures, from Oasis and Warehouse to Laura Ashley and Cath Kidston. Hundreds of thousands of retail workers have been furloughed, with the aim that they will return to the shop floor when stores are allowed to reopen.But there are growing fears that the lockdown may prompt huge changes in the way
  
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