Retail news

• 'It’s crazy good': Covid boom leaves UK furniture firms sitting pretty

  10-10-2020 09:00
  
  British furniture manufacturers describe unprecedented sales as people spend big on their homes Coronavirus – latest updatesSee all our coronavirus coverageWant a new sofa delivered by Christmas? You may have left it too late, because Britain is in the grip of a Covid-related home furniture boom that has left factories unable to keep up with demand.“It’s unprecedented,” says Peter Campbell, the finance director of Long Eaton Sofas, part of a cluster of companies in the he
  
  Read more

• How the Cineworld closures could turn leisure parks into a disaster movie

  10-10-2020 09:00
  
  Experts fear firm’s mothballing of UK cinemas will spark a grim chain reaction for surrounding hospitality tradeThe nationwide closure of Cineworld’s theatres was the disaster movie nobody working in the UK’s battered leisure industry wanted to see.The mothballing of the country’s largest cinema operator not only spells hardship for its 5,500 staff but has set off a chain reaction that threatens the livelihoods of many more working in the neighbouring restaurants that rel
  
  Read more

• Billionaire Issa brothers given royal honours a week after £6.8bn Asda takeover

  10-10-2020 08:00
  // The billionaire Issa brothers made CBE on the Queen’s Birthday Honours list, a week after acquiring Asda for £6.8bn
  // Mohsin & Zuber Issa honoured for their services to business and charityBillionaire brothers Zuber and Mohsin Issa have been handed royal honours a week after snapping up Big 4 grocery giant Asda in a £6.8 billion deal.
  The Issa brothers are among a number of bosses made a CBE in the Queen’s Birthday Honours list, as they were hailed for services to
  
  Read more

Follow @retailuknws on Twitter!