Retail news

• Chancellor warned scrapping tax-free shopping risks 70,000 jobs

  20-09-2020 20:27
  
  Owners of major retail businesses and airports urge Treasury to think againCoronavirus – latest updatesSee all our coronavirus coverageUK retailers, hoteliers and airport chiefs have warned the chancellor that scrapping tax-free shopping for international tourists has put 70,000 jobs in jeopardy.Earlier this month the Treasury said that the retail scheme, which enables non-EU visitors to reclaim VAT paid on their purchases, would finish at the end of December. The Treasury says it is makin
  
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• Morrisons reinstates door marshals to prepare for Covid-19 second wave

  20-09-2020 18:02
  
  Possible lockdown restrictions spurs store to get tough on social distancing, shopper numbers and face masksShoppers are being urged to shop considerately as supermarkets tighten safety measures ahead of expected new lockdown restrictions.After a break of several months Morrisons has reinstated marshals on the doors of its 494 supermarkets to better monitor shopper numbers and remind those entering to wear face masks. Continue reading...
  
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• Philip Day considers sale of retail empire after interest from buyers

  20-09-2020 17:00
  Tycoon launches review of businesses such as Peacocks, Jaeger and Edinburgh Woollen Mill
  
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• How to survive the Covid-19 retail apocalypse

  20-09-2020 13:54
  There are lessons to be learnt from the crisis, especially for companies willing to adapt
  
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• Asda sale could be confirmed this week

  20-09-2020 13:47 via retailgazette.co.uk
  // Apollo Global Management and Lone Star Funds emerge as frontrunners for Asda buy-out
  // Sources believe sale could be confirmed this FridayThe sale of the UK’s third biggest supermarket, Asda, could reportedly be confirmed as early as Friday, September 25.
  Asda owner Walmart put the retailer up for sale after its much-discussed merger with Sainsbury’s was blocked by competition authorities last year.
  Now sources close to the deal say a decision could be made as early as this week,
  
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• Philip Day puts Peacocks and Edinburgh Woollen Mill up for sale

  20-09-2020 13:24 via retailgazette.co.uk
  // Philip Day appoints FRP to begin hunt for potential buyers for Peacocks and Edinburgh Woollen Mill
  // Day may sell off raft of brands after receiving interest from Chinese investorsHigh street veteran Philip Day has reportedly appointed FRP to sound out potential buyers for Peacocks and Edinburgh Woollen Mill (EWM).
  FRP is believed to have asked for offers in by last Friday for the two retailers, which combined operate over 740 stores, The Sunday Times reported.
  Day began the sale process ear
  
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• Philip Day explores sale of Peacocks

  20-09-2020 13:24 via retailgazette.co.uk
  // Philip Day appoints FRP to begin hunt for potential buyers for Peacocks
  // Day may sell off raft of brands after receiving interest from Chinese investorsHigh street veteran Philip Day has reportedly appointed FRP to sound out potential buyers for Peacocks.
  The adviser is to provide market intelligence on the business value of the Peacocks store chain, which means it is an exploratory process.
  A source close to the process told Retail Gazette that this is a valuation process for Pea
  
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• Westfield owner launches legal action over Boots rent dispute

  20-09-2020 13:16 via retailgazette.co.uk
  // Westfield Stratford owner begins legal proceedings after Boots allegedly refuses to pay rent
  // Classed as an essential retailer, Boots says sales fell 50% across UK outlets during lockdown
  // Extended government moratorium means retailers cannot be evicted until end of 2020The owner of Westfield has reportedly launched a legal action against health and beauty retailer Boots, according to court filings.
  Boots could now face a High Court dispute over allegedly refusing to pay rents at some of
  
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• Bundle up: Britons urged to embrace an alfresco Covid winter

  20-09-2020 07:47
  
  Rugs, patio heaters and fire pits fly off the shelves as the nation gears up to socialise through the colder monthsWinter is coming. Game of Thrones fans know that this is a warning to prepare for dark times, and it has never been more apt than during the Covid pandemic.Six months ago, Boris Johnson gave the nation a “simple instruction” – to stay at home to stop the spread of the disease. The weather that day in most of the country was pretty good for early spring – wide
  
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