Retail news

• Hotter prepares for CVA as it seeks to shutter 65 stores

  20-06-2020 15:09 via retailgazette.co.uk
  // Hotter prepares to launch CVA
  // It is looking to scale down radically as part of a restructuring planHotter has said it is preparing to launch a CVA for the business as it looks to rapidly reduce its store portfolio.
  The shoe retailer’s parent company Electra Private Equity said the management had been “in discussion with a number of its retail landlords to seek agreement to reduce the number of stores to a level and cost that allows Hotter to remain viable”.
  However, it ad
  
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• Boohoo investors stage revolt over CEO John Lyttle’s £50m bonus

  20-06-2020 14:38 via retailgazette.co.uk
  // Boohoo investors stage revolt over executives’ pay
  // A third of the shareholders voted against the online retailer’s remuneration reportBoohoo has reportedly faced backlash from its investors over the salary of its top executives at its annual meeting on Friday.
  A third of the shareholders who took part in the ballot voted against the online retailer’s remuneration report,” The Telegraph reported.
  It included a £50 million bonus for Boohoo chief executive John L
  
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• 63% shoppers feel comfortable to visit stores again

  20-06-2020 14:06 via retailgazette.co.uk
  // Shoppers have become more comfortable buying groceries and other items in-store
  // Visits to larger supermarkets rose from 59% at the start of May to 66% in JuneUK consumers have become increasingly comfortable with buying groceries and other items in-store after retailers reopened shops this week, new research has shown.
  At least 63 per cent of consumers felt comfortable buying groceries in store between June 12 and 15, compared to 51 per cent at the beginning of May, according to figures re
  
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• ‘We have no money for food or rent’: plight of Bangladeshi garment makers

  20-06-2020 14:00
  
  Clothing factory workers in Bangladesh were hit twice by Covid-19, once when their factories closed, and again when global retailers cancelled orders Coronavirus – latest updatesSee all our coronavirus coverageNazmin Nahar, a 26-year-old garment worker and mother of two in Dhaka, Bangladesh, is living on borrowed rice. She hasn’t had the wages to pay for food or rent for more than two months.Even though the hours were long and the targets relentless, Nahar had been happy working at M
  
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• Surviving on a bag of rice: plight of Bangladeshi garment makers

  20-06-2020 14:00
  
  Clothing factory workers in Bangladesh were hit twice by Covid-19, once when their factories closed, and again when global retailers cancelled orders Coronavirus – latest updatesSee all our coronavirus coverageNazmin Nahar, a 26-year-old garment worker and mother of two in Dhaka, Bangladesh, is living on borrowed rice. She hasn’t had the wages to pay for food or rent for more than two months.Even though the hours were long and the targets relentless, Nahar had been happy working at M
  
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• Landlords and tenants brace for rent pain on ‘watershed’ Wednesday

  20-06-2020 10:44
  Some property groups expect less than 10% of the quarterly bill to be paid
  
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• How England's shop staff feel about reopening for trade after Covid-19

  20-06-2020 09:00
  
  Some staff say customers ignore physical distancing, others are themselves already back to desk-sharing and making rounds of teaQueues of shoppers lined high streets across England on Monday as non-essential shops reopened. Though many businesses were relieved to welcome customers back after months of financial uncertainty, some shop workers were concerned that the risks posed by coronavirus were still too high.The Guardian spoke to workers at non-essential retailers about their experience of re
  
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