Coronavirus
This coverage analyses the impact of coronavirus on the UK retail industry, focusing on operational challenges, government measures, financial pressures, workforce management, and shifts in consumer behaviour. Reporting provides insights into how retailers responded to closures, safety protocols, supply chain disruptions, and evolving customer needs — helping executives and managers assess lessons learned and long-term changes.
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Apr- 2020 -17 AprilCoronavirus
Covid-19: EWM introduces pandemic clauses into Bonmarché leases
Edinburgh Woolen Mill (EWM) is reportedly introducing pandemic clauses into any new Bonmarché leases it is due to sign with landlords, after its owner Phillip Day bought the firm out of administration last year. According to Retail Week, the new clauses mean EWM can agree on new Bonmarché store leases…
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17 AprilCoronavirus
TM Lewin seeks interested buyers
TM Lewin is reportedly in talks with potential buyers in light of the ongoing effects of the global pandemic. According to Sky News, the London-based retailer is now up for sale just days after Oasis and Warehouse collapsed into administration. Bain Capital, the private equity group that has backed TM…
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16 AprilCoronavirus
Government extends lockdown for ‘at least’ three more weeks
The government has announced an extension to the coronavirus lockdown for “at least” a further three weeks. The decision was announced at today’s (16 April) press briefing which was led by foreign secretary Dominic Raab. It also comes after Raab led an emergency Cobra committee and cabinet meetings about the…
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16 AprilCoronavirus
Chancellor extends furlough scheme deadline
Chancellor Rishi Sunak has extended the deadline for the Coronavirus Job Retention Scheme after it was found that many people who had recently changed jobs were set to miss out. Under the scheme announced last month, employers can claim a grant covering 80% of the wages for a furloughed employee,…
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16 AprilCoronavirus
Zalando adds initiatives to support fashion brands despite Q1 loss
Zalando has revealed a series of new initiatives to help support its fashion brands during the current coronavirus pandemic, despite it expecting to post a first quarter loss. In a trading update for the first three months of the year, the company said it expects an adjusted EBIT in a…
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16 AprilHigh Street
Dunelm CEO takes 90% pay cut as company seeks coronavirus loan
Homeware retailer Dunelm has announced its CEO, Nick Wilkinson, has taken a 90% pay cut as it confirmed it is eligible for a coronavirus loan. Dunelm also announced that the executive management team has also taken a 20% pay reduction with its chairman and non-executive directors waiving 100% of their…
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15 AprilCoronavirus
Oasis and Warehouse collapse into administration
Fashion retailers Oasis and Warehouse have entered administration, putting over 2,000 jobs at risk. Rob Harding and Richard Hawes, restructuring partners at ‘Big Four’ accountancy firm Deloitte, have been appointed as joint administrators to Oasis and Warehouse Limited, Oasis Fashions Limited, Warehouse Fashions Limited, The Idle Man Limited and Bastyan…
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15 AprilCoronavirus
HMRC adds new guidance on Coronavirus Job Retention Scheme
HMRC has issued new guidance regarding the Coronavirus Job Retention scheme and clarifies eligibility for those returning from sick leave and TUPE staff. Issued at the end of last week the third update to the scheme has provided clarification on all aspects of sick leave including those returning from maternity…
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15 AprilSupermarkets
Morrisons offers NHS staff 10% discount for 12 weeks amid Covid-19 crisis
‘Big 4’ grocer Morrisons has announced a 10% discount on shopping for all NHS staff for 12 weeks to support them through the coronavirus pandemic. The discount comes into effect from Thursday this week (16 April) and will last until 12 June, when it will be reviewed. The supermarket said…
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15 AprilCoronavirus
Quiz reopens online operations
British Fashion retailer Quiz has revealed it has reopened its online operations after it added “additional safety measures” to keep its employees safe. Quiz stores have been closed since the 22 March with its online operations also closing a couple of days later. However, it has now taken the decision…
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