Retail news

• Neiman Marcus creditor eyes online business in bankruptcy fight

  08-05-2020 20:36
  Hedge fund calls for court investigation into 2018 transfer of MyTheresa
  
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• UK garden centres prepare for sales surge to end lockdown disaster

  08-05-2020 20:00
  
  Welsh plan to reopen stores offers hope for UK-wide industry closed in prime sales seasonGarden centres are preparing for a surge in plant and flower sales that could help salvage a catastrophic year for the horticulture industry.The UK’s 2,000 garden centres and nurseries were forced to close in March because, unlike DIY chains such as B&Q and Homebase, they were not granted “essential” retailer status. The shutdown came at a critical time of year, with 70% of sales rung u
  
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• UK garden centres prepare for sales surge to end 'catastrophe' of lockdown

  08-05-2020 20:00
  
  Welsh plan to reopen stores offers hope for UK-wide industry closed in prime sales seasonGarden centres are preparing for a massive surge in plant and flower sales that could help salvage a catastrophic year for the horticulture industry.The UK’s 2,000 garden centres and nurseries were forced to close in March because, unlike DIY chains such as B&Q and Homebase, they were not granted “essential” retailer status. The shutdown came at a critical time of year, with 70% of sale
  
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• Coronavirus has emptied public spaces – but it could reinvent the high street | Anna Minton

  08-05-2020 17:38
  
  Business models reliant on maximum footfall are at odds with social distancing, leaving space for local shops and mutual aid
  Coronavirus – latest updatesSee all our coronavirus coverageWith most local shops shuttered and online sales booming, it’s easy to imagine that coronavirus will deal a mortal blow to the high street. The images of empty public spaces that have come to define this crisis could be a warning of what life will be like after the lockdown, when people will fear crowd
  
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• Swiss watches: time to recalibrate

  08-05-2020 13:47
  As with other industries reeling in the wake of the pandemic, watchmakers were facing battles long before the virus struck
  
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• Forget the dividend, BT fibre investment is long overdue

  08-05-2020 13:16
  
  Covid-19 pandemic underlines need for superfast broadband and BT was left horribly exposedIt was only a few years ago that BT’s policy on dividends was to shoot for an increase of 10%, minimum, annually. That was downgraded to a “progressive” approach, meaning up a bit, in May 2017. Now shareholders’ rations are being suspended and, when a divi returns in the 2021-22 financial year, it’ll be at half the old level.Chairman Jan du Plessis and the new (ish) chief execu
  
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• London’s West End “prepared” for reopening, New West End Co. says

  08-05-2020 07:00 via retailgazette.co.uk
  // New West End Company announces preparations for reopening
  // Plans include safely reopening district for residents & returning workers after deep clean and social distancing measures
  // Guidance includes flexible opening hours between 11am-7pm & holding back on discount sales to regulate footfallRetailers and other businesses across London’s West End have today received preparation plans for a phased, safe and sustainable reopening of the world-famous shopping district.
  The guid
  
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• Brookfield launches $5bn rescue fund for retailers

  08-05-2020 02:07
  Investment group that owns US malls pledges to help groups weather coronavirus crisis
  
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• Brookfield launches $5bn retail rescue fund

  08-05-2020 01:08
  Canadian investment group is one of the largest operators of US shopping malls
  
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• A new bailout fund for retailers, this time from a big landlord

  08-05-2020 01:08
  Canadian investment group Brookfield,one of the largest operators of US shopping malls, pledges $5bn
  
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• Consumer confidence shows slight uptick although it remains severely depressed

  08-05-2020 01:00 via theretailbulletin.com
  
  A new survey by GfK has shown there was a slight improvement in consumer confidence at the end of April despite the level remaining “severely depressed”.... View Article
  
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• Borough Market launches drive through shopping service

  08-05-2020 01:00 via theretailbulletin.com
  
  London’s Borough Market has launched a new click and collect service to enable shoppers to order groceries online and collect their orders from the market without... View Article
  
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