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Clothing & Shoes
Superdry sales slide as stores are shuttered
Superdry has announced that its fourth quarter performance was “substantially impacted” by the outbreak of Covid-19, with year-on-year revenue tumbling…
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Coronavirus
Business rates revaluation postponed until 2022
A revaluation of business rates will no longer take place in 2021 in line with the government’s latest efforts to…
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Clothing & Shoes
CMA blocks JD Sport merger
The Competition and Markets Authority (CMA) has announced its decision to block JD Sports’ purchase of Footasylum after finding it…
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Clothing & Shoes
J.Crew files for bankruptcy protection
J.Crew has become the first major US retailer to officially file for bankruptcy protection amid the global lockdown. As per…
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Coronavirus
Hotel Chocolat: Online sales fail to mitigate effect of store closures
Hotel Chocolat has announced that its boost in online sales has failed to “fully mitigate the total sales loss in…
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Coronavirus
Amazon: Sales surge while spending rises
Amazon has revealed that sales rocketed 26% to $75.5bn (£60.1bn) in the first quarter of the year, with a possibility…
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Coronavirus
Sainsbury’s to face £500m profit hit
Sainsbury’s has warned that its annual profits could take a £500m hit as a result of the ongoing pandemic, despite…
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News
Former Sainsbury’s exec set to head Waitrose
The John Lewis Partnership is poised to appoint a former Sainsbury’s executive to head up its food operations at Waitrose…
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Coronavirus
Marks and Spencer suspends dividends, secures funding
Marks and Spencer has announced it will not pay a dividend for the 2020/21 financial year in its latest effort…
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Coronavirus
BRC issues new guidance on re-opening stores
The British Retail Consortium (BRC) has issued new guidance for shops regarding procedures to maintain when businesses re-open following the…
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