Month: March 2020
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Mar- 2020 -20 MarchHigh Street
Frasers Group issues profit warning and drops FY20 guidance amid Covid-19
Mike Ashley’s Frasers Group has issued a profit warning after revealing its board expects Covid-19 to cause a “significant disruption”…
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20 MarchHigh Street
Ikea to temporarily shutter all UK stores amid Covid-19 pandemic
Ikea UK and Ireland has said it will temporarily close its stores to customers at 6pm on Friday 20 March,…
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20 MarchClothing & Shoes
TK Maxx closes UK stores amid Covid-19 virus outbreak
Discount store TK Maxx has become the latest retailer to take the decision to temporarily close its stores amid the…
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20 MarchSupermarkets
Government tells supermarkets to ‘join forces’
The Department for Environment, Food and Rural Affairs (DEFRA) has told supermarkets to “join forces” as the coronavirus crisis unfolds.…
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19 MarchComment
What retailers might learn from the streaming industry
Television used to be simple. British viewers only watched the BBC for a number of years until ITV launched in…
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19 MarchAnalysis
Huge increase in online sales across Italy offers hope for struggling retailers in the UK and Ireland
Global financial markets continue to suffer from the impact of coronavirus, with economists predicting the slowest rate of global growth…
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19 MarchHigh Street
Next warns on coronavirus despite full-year sales growth
Fashion retailer Next has warned that sales could plummet in the coming weeks and months as the UK battles the…
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19 MarchEconomy
New bank of England boss promises fresh measures to fight Covid-19
The new Bank of England boss, Andrew Bailey, has promised a fresh set of measures to help fight the economic…
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19 MarchClothing & Shoes
Zara closes almost 4,000 stores globally amid coronavirus outbreak
The parent company of Zara has closed almost 4,000 of its stores across the globe amid the recent outbreak of…
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19 MarchSupermarkets
Ocado sales rise as website goes dark
Ocado Retail has announced that revenue grew by 10.3% to £441.2m in the first quarter of the year. Average orders…
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