Retail news

• Swathes of central London to be car-free after lockdown

  16-05-2020 15:32 via retailgazette.co.uk
  // Large areas of central London to be made car-free as lockdown eased
  // Experts say it is crucial to encourage walking & cycling as physical distancing is impossible on crowded transportSwathes of central London are set to be closed to cars, lorries and vans to allow people to walk and cycle safely as the coronavirus lockdown is gradually eased.
  Yesterday, London Mayor Sadiq Khan revealed plans to make the main streets between London Bridge and Shoreditch, Euston and Waterloo, and Old Stre
  
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• Cake Box to reopen all shops by early June

  16-05-2020 14:58 via retailgazette.co.uk
  // Cake Box expects to have all its high street shops open by early June
  // It follows a successful click-and-collect trialCake Box has said it expects to have all of its high street shops open by early June after a successful trial phase of its click-and-collect and delivery service during lockdown.
  The vegan cake retailer initially informed its franchisees that their stores should be closed when lockdown was announced.
  However, since then 79 shops have re-opened after social distancing and pro
  
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• JC Penny files for Chapter 11 bankruptcy

  16-05-2020 14:47 via retailgazette.co.uk
  // US retail mainstay JC Penney files for Chapter 11 bankruptcy reorganisation
  // It is expected to shed some of its 850 stores and made thousands of its 90,000 workforce redundantMajor department store JC Penney has become the fourth prominent American retailer to file for Chapter 11 bankruptcy reorganisation during the coronavirus pandemic.
  As part of its reorganisation, the 118-year-old retailer said late on Friday it would close some of its stores and would disclose details and timing in the
  
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• M&S to reveal post-coronavirus future in annual results next week

  16-05-2020 14:34 via retailgazette.co.uk
  // M&S set to reveal details of post-coronavirus future in its full year trading update on Wednesday
  // Analysts forecast another scrapping of dividends, and details on M&S’s tie-up with OcadoOn the surface of it, Marks & Spencer has managed to pull off a well-run response to the coronavirus crisis, analysts in the City have said.
  On Wednesday their theories will be put to the test as the high street stalwart unveils its full-year results.
  However, the update – which will
  
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• 'Rainbow sale': high street gears up for massive post-lockdown discounts

  16-05-2020 09:00 via theguardian.com
  
  Analysts forecast wall-to-wall sales as retail giants are forced to clear £15bn worth of stockCoronavirus – latest updatesSee all our coronavirus coverageMarks & Spencer has fired the starting gun on what is being billed as the “sale of the century” after the high street lockdown wiped out an entire season for fashion retailers.Retail analysts believe there could be around £15bn worth of stock up for grabs and there will be “wall-to-wall” sales for t
  
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• Amazon pledges to work with Congress on antitrust concerns

  16-05-2020 05:45
  Ecommerce group remains silent on call for Jeff Bezos to appear before House committee
  
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• JC Penney, century-old mainstay of US malls, declares bankruptcy amid pandemic

  16-05-2020 03:18 via theguardian.com
  
  Coronavirus struck final blow to already struggling department store, reportedly largest retail casualty so farCoronavirus – live US updatesLive global updatesJC Penney, the more than 100-year old US department store chain, filed for bankruptcy on Friday, making it the latest business to hit bottom amid the coronavirus pandemic.The chain, known for selling family apparel, cosmetics and jewelry, is the latest in a series of victims of the pandemic-induced economic downturn. With its 850 sto
  
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• JCPenney buckles under debt load and files for bankruptcy

  16-05-2020 01:27
  Struggling US department store is latest retailer to be pushed over the edge by lockdowns
  
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