Retail news

• Supermarkets in Wales given discretion over ban on selling non-essential items

  25-10-2020 20:42
  
  Welsh first minister says ban introduced as part of firebreak lockdown will have flexibilityCoronavirus – latest updatesSee all our coronavirus coverageSupermarkets will have discretion over the Welsh government’s ban on selling non-essential items during the firebreak lockdown, the first minister has said.Mark Drakeford said people may need to buy such products “for entirely unexpected reasons which they couldn’t have foreseen” during the 17-day period. The restric
  
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• EG Group finance boss considered departure after Asda acquisition

  25-10-2020 11:56 via retailgazette.co.uk
  // EG Group finance boss mulled exiting the company after concerns over corporate governance
  // Michael Hughes planned to resign and take up a post at a different company at the end of year
  // Hughes has now decided to stay with EG Group for an unspecified periodAsda owner EG Group’s chief financial officer Michael Hughes reportedly considered quitting the petrol station empire following its acquisition of the Big 4 grocer.
  EG Group is led by the Issa brothers, who are seeking to rapi
  
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• Retailers seek “pandemic clauses” to cut rent payments

  25-10-2020 11:20 via retailgazette.co.uk
  // Retailers taking new leases are demanding “pandemic clauses”
  // The clauses mean rent payments will be reduced if the store is forced to close in a lockdown
  // The government’s local restrictions continue to impact the high streetRetailers taking new leases are reportedly calling for “pandemic clauses” that means rent payments will be reduced if the store is forced to close due to a local lockdown.
  An increased number of retailers are seeking such clauses as the
  
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• Japan Inc finds new business case for robotics during Covid-19

  25-10-2020 01:01
  Companies began investing in automation before pandemic due to chronic labour shortages
  
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