Pandemic

H&M sales halve in second quarter

H and M net sales halved in the second quarter of 2020, tumbling 50% to 28.7bn Swedish krona (£2.4bn) following…

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Travis Perkins to cut 2,500 jobs amid Covid-19 pandemic

Wickes owner Travis Perkins has revealed plans to cut almost 2,500 jobs amid the ongoing Covid-19 pandemic. It comes amid…

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Matalan seeks £29m HQ sale

Matalan is reportedly seeking a sale of its Liverpool-based headquarters as it looks to inject more cash into the business…

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Usdaw urges public to ‘respect shopworkers’ as shops are allowed to reopen

Shopworkers union Usdaw has urged customers to respect staff and employers to ensure safety in stores, as shops are allowed…

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UK GDP slumps over 20% in April as full impact of Covid-19 is felt

GDP slumped by 20.4% in April 2020, following a fall of 5.8% in March, according to the latest figures from…

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The Works aims to reopen 465 stores next week

The Works has announced it is aiming to reopen 465 stores across England, Northern Ireland and the Republic of Ireland…

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Majority of SMEs believe UK is headed for deep recession post-pandemic

Almost seven in 10 (69%) small business owners believe the UK is heading for a deep recession following the coronavirus…

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Fenwick to reopen all nine UK stores on 15 June

Department store Fenwick revealed that all nine of its UK stores will reopen from Monday (15 June) as lockdown measures…

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B&M hails year of ‘solid growth’ despite pandemic

B&M has revealed that group revenue increased by 16.5% to £3,813.4m in the full-year ended 28 March, despite the effects…

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Quiz places loss-making stores into administration

Quiz has revealed it is placing the division that runs some of its loss-making stores into administration. Quiz said that…

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