Retail news

• Camden market sets out its stall for a return from lockdown

  14-06-2020 20:00
  With no prospect of the former tourist hordes, many long-term sellers are having to make tough choices
  
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• Timberland and Vans owner eyes acquisitions despite uncertainty

  14-06-2020 15:04
  VF chief executive says it could be an opportune time for deals
  
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• Matalan seeks £29m cash injection from sale of HQ

  14-06-2020 13:20 via retailgazette.co.uk
  // Matalan reportedly looking to raise almost £29m through a sale & leaseback of its Liverpool HQ
  // Founder John Hargreaves also criticised for trying to avoid pumping more of his own cash into the businessMatalan is reportedly seeking a £29 million cash injection through the sale of its headquarters, as it continues to find ways to navigate the coronavirus pandemic.
  The Sunday Times reported the office, located on an industrial estate near Liverpool, is being marketed at £
  
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• Tesco chairman defends £6.4m payout for CEO Dave Lewis

  14-06-2020 12:57 via retailgazette.co.uk
  // Tesco chairman John Allan defends £6.4m pay out for outgoing chief Dave Lewis after adding £1.6m bonus
  // He said he expected the move would spark an investor revolt at Tesco’s AGM this month
  // If it kept Ocado on list of competitors used to assess performance, Lewis’ bonus would be reduced from £2.4m to £800KThe chairman of Tesco has defended a controversial decision remove Ocado from the list of rivals in order to hike the bonus payout for outgoing chief
  
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• Shopify – the good shop to Amazon's bad shop

  14-06-2020 12:30
  
  It is the second-largest e-commerce platform in the US, yet remains anonymous. Will its new app change all that?You probably will not have heard of Shopify, or be able to say what the company does, but you will almost certainly have used it. The joggers you found on Instagram at the beginning of lockdown and have worn continually since? Those Gymshark shorts you haven’t used for months, now the gyms are closed? The coffee beans you bought online and ground at home, while you waited for the
  
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• Mike Ashley’s Frasers Group now has a 5.1% stake in Hugo Boss

  14-06-2020 11:55 via retailgazette.co.uk
  // Mike Ashley’s Frasers Group buys 5.1% stake in German fashion chain Hugo Boss
  // Forms part of Ashley’s ambitions to create the “Harrods of the high street”
  // Hugo Boss is a supplier for House of Fraser and Flannels, both owned by Frasers GroupMike Ashley’s Frasers Group has taken a 5.1 per cent stake in Hugo Boss through stocks and derivatives, as part of his ongoing ambition to create the “Harrods of the high street”.
  On Friday, Frasers Group said
  
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• Boris Johnson orders review of 2m distancing rule

  14-06-2020 11:17 via retailgazette.co.uk
  // Boris Johnson orders review of 2m social distancing rules as non-essential shops prepare to reopen tomorrow
  // There have been warnings that maintaining the two-metre rule could be a “horrendous” situationPrime Minister Boris Johnson has ordered a comprehensive review of the two-metre social-distancing rule amid calls it should be scrapped.
  Easing the restriction is seen as vital if many high street businesses, especially restaurants and pubs, are to be able to re-open sustainably
  
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• Now wash your hands: Ripon's indie shops brace for the big reopening

  14-06-2020 09:18
  
  Shopkeepers hope they’re taking the first step to ending their lockdown nightmare – but fear it’s a long way back to normal
  Coronavirus – latest updatesSee all our coronavirus coverageIn Ripon, on a once bustling high street not far from the Yorkshire Dales, Tracey Lidster is feeling “a little bit nervous” about reopening her shoe shop on Monday. Solemates Footwear on Queen Street has been shut since 24 March, with all staff placed on furlough. Now, Lidster is
  
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• Printing money, a new national youth corps… time to think the unthinkable | Will Hutton

  14-06-2020 09:15
  
  The high street is open again. But an explosive rise in unemployment is
  still on the cardsShops can open tomorrow, but until social distancing rules can be dispensed with completely, expect business to be slow. Even in a world with an effective vaccine and a robust testing, tracking and tracing system that would give shoppers confidence, British retailing, with online spending having doubled in three months, would have to reinvent itself.The British high street is being destroyed before our eyes
  
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• Wardens hired to police crowds as high streets in England reopen

  14-06-2020 07:35
  
  Retailers and councils prepare for return of non-essential shopping by deploying teams to enforce social distancingCoronavirus – latest updatesSee all our coronavirus coverageLocal councils and retail giants will deploy a small army of “social distancing wardens” on Monday to police crowds as non-essential shops open their doors after almost three months of lockdown.Councils across the country have hired or redeployed staff to ensure shoppers and retailers comply with social di
  
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