Covid-19

DFS remains ‘confident’ as it plans equity raise

DFS has confirmed that it is in the advanced stages of negotiating an additional debt facility amid the ongoing coronavirus…

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Patrick Guido steps down as Lululemon CFO

Lululemon has announced that its CFO, Patrick Guido, will be stepping down to assume a position outside of the apparel…

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Laura Ashley appoints third administrator amid Covid-19 crisis

Embattled retailer Laura Ashley has appointed a third administrator amid growing pressure from the coronavirus pandemic sweeping the UK. PwC…

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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…

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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…

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Waitrose launches initiatives to support ‘most vulnerable’ suppliers

Waitrose has revealed a number of initiatives it has launched to support its most vulnerable suppliers during the Covid-19 pandemic.…

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Retail sales decline at ‘worst rate on record’

Retail sales suffered the “worst decline recorded” in March, with a year-on-year total sales decline of 4.3%.  The findings come…

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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…

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Covid-19 could cause UK economy to shrink by 35%, says OBR

The UK’s economy could shrink by as much as 35% in the second quarter of 2020 due to the Covid-19…

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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…

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