Covid-19
This coverage examines the effects of Covid-19 on the UK retail industry, focusing on operational disruption, financial pressures, consumer behaviour shifts, and recovery strategies. Reporting includes lockdown impacts, safety measures, supply chain challenges, online growth, and leadership decisions that shaped responses to the crisis. Designed for executives and managers, it offers lessons and insights for navigating future disruptions.
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Mar- 2020 -31 MarchHigh Street
Poundland to temporarily close 32 UK stores amid Covid-19 outbreak
Discount retailer Poundland has announced the temporary closure of 32 of its stores amid the Covid-19 virus outbreak, resulting in staff receiving 80% of their average earnings due to the government’s Jobs Retention Scheme. Shop workers’ trade union Usdaw said the retailer is asking employees to voluntarily agree to be…
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31 MarchCoronavirus
Consumer confidence slips in March
Consumer confidence in the UK decreased by two points to -9, according to the latest figures from the GfK. Within the group’s consumer confidence index, one measure increased, three measures decreased, and one measure remained the same in the month of March. The personal finance situation index for the last…
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30 MarchComment
What are your legal rights if your job has been affected by COVID-19?
Ever since the coronavirus outbreak gathered speed, life in the UK has largely been put on hold. From staff being unable to work due to self-isolation, to workers needing to stay at home to care for their children after schools were ordered to close, the impact on many businesses and…
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30 MarchAdvice
Covid 19: The future health of the high street
The health of the high street is up for debate now more than ever. If retailers were struggling before coronavirus set its sights on our shores, following last week’s forced government closure of non-essential brick & mortar stores throughout the UK, it’s likely that many will have pulled down their…
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30 MarchOnline & Digital
Beaverbrooks closes website and warehouse operations
Beaverbrooks has closed its website and warehouse operations until further notice. Anna Blackburn, managing director at Beaverbrooks, said the company made the “difficult decision” to close its website and warehouse operations to “protect” its colleagues, their families and the wider community. She added: “As a family owned business, the safety…
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30 MarchPeople Moves
Ted Baker appoints Rachel Osbourne as new CEO amid Covid-19 crisis
Lifestyle brand Ted Baker has today announced the appointment of Rachel Osbourne as its new CEO amid the Covid-19 crisis. Osbourne , whose appointment will be effective immediately, has more than 20 years’ of relevant brand and retail sector experience. She joined Ted Baker as chief financial officer in November…
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30 MarchCoronavirus
Boots and Amazon boost Covid-19 testing for NHS staff
Boots and Amazon are among the retailers who have been called on by the government to help boost testing capacity for frontline NHS staff. It comes as dozens of universities, research institutes and companies across Britain are lending their testing equipment to three new hub laboratories which will be set…
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27 MarchHigh Street
Mike Ashley apologises for ‘ill-judged’ Covid-19 response
Sports Direct CEO Mike Ashley has penned an open letter apologising for the Fraser Group’s response to the Covid-19 lockdown. It comes after reports that Ashley lobbied the government to keep Sports Direct open and was still asking employees to still come to work at the high street retailer. Newcastle…
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27 MarchClothing & Shoes
River Island shuts distribution centre
River Island has announced the temporary closure of its distribution centre in light of the ongoing coronavirus pandemic. The fashion retailer said that the move would help to protect its teams and “make sure they can do the right thing to keep their families and community safe”. The group said…
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26 MarchClothing & Shoes
Quiz expects March results ‘materially’ below board expectations
Fashion retailer Quiz has warned that its March revenues and margins are expected to be “materially low” compared with the board’s expectations amid the coronavirus pandemic. Quiz said that prior to the Covid-19 outbreak, its year-to-date performance was set to be in line with expectations. Quiz said since the start…
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