Monday, June 29, 2020

Back to work: businesses gear up for life after lockdown

Pubs, restaurants, cafes and hairdressers in England will reopen on 4 July and business owners have been preparing with a mix of excitement...

Can Kanye West save the Gap?

Kanye West has announced a clothing collaboration with the Gap. The team up between West’s Yeezy brand and the retailer, which West hashtagged #Westdayever,...

M&S checks out Victoria’s Secret

Marks and Spencer is eyeing the UK arm of troubled lingerie brand Victoria’s Secret, one of several high street chains to have fallen...

M&S and Next compete for UK arm of Victoria's Secret

Marks and Spencer and Next are competing to take control of the UK arm of the lingerie brand Victoria’s Secret. The US brand put...

No going back to normal after the pandemic? Don't bet on it

As the US army rolls into a newly liberated Paris, a woman sits serenely under the only working hairdryer in the city. The...

Bike boom: UK sales up 60% in April as Covid-19 changes lifestyles

Britons bought 60% more bikes in April as the nation turned to two-wheeled transport during the coronavirus lockdown. Government advice to avoid public transport...

Boohoo bosses in line for £150m bonus as part of incentive plan

The bosses of Boohoo are in line for a £150m bonus if shares in the online fashion retailer rise by two-thirds over the...

Tesco profits flat despite sales surge

The surge in online shopping and closure of restaurants and pubs has done little to boost Tesco, which said it expected operating profits...

Tesco sales soar as customers turn to deliveries in pandemic

Tesco sales soared during lockdown as shoppers switched to buying online, in local stores as well as returning to big weekly shops at...

Shopping centre owner Intu expected to go into administration

Intu Properties said on Friday it was likely to go into administration after the shopping centre owner failed to secure an agreement with...

UK retailers pay only 14% of £2.5bn rent due this week

UK retailers stumped up just 14% of the £2.5bn quarterly rent bill due this week, as the high street crisis triggered by the...

Lorry drivers from outside EU 'exploited' in lockdown delivery surge

At dusk one day this month, dozens of lorries registered in Lithuania, Poland and Romania were packed like giant sardines just off the...

Rents from UK retailers tumble to 15%

Retailers in the UK have paid less than 15 per cent of their rent, according to initial figures from Wednesday’s quarterly payment date,...

UK retailers remain gloomy about quick post-lockdown bounce back

Britain’s retailers are downbeat about the prospects of a rapid bounce back in business after the easing of Covid-19 restrictions, the CBI has...

The Booksellers review – warm study of a fast-shifting subculture

The interest of this garrulous, convivial documentary creeps up on you by degrees: a study of secondhand and antiquarian booksellers in New York...

Waitrose boss joins calls for post-Brexit food standards protection

The new boss of Waitrose has joined farmers and food campaigners in urging the government to protect food standards in post-Brexit trade deals.James...

John Lewis appoints Pippa Wicks as executive director

John Lewis has appointed a senior Co-op executive who was previously a management consultant, to head its department store chain. Pippa Wicks, who starts...

Company behind Bisto, Mr Kipling and McDougall's expect UK sales surge

Sales at Premier Foods – the company behind Bisto, Mr Kipling and McDougall’s – are expected to surge by a fifth as UK...

Flipping hell: book designers lament Waterstones' back-to-front displays

It was understandable but slightly “heartbreaking”, designer Anna Morrison said of the news that Waterstones is asking shoppers to judge a book by...

The window to prevent mass unemployment is rapidly closing | Anneliese Dodds

Today is the day that many businesses on our high streets have dreaded – the due date for the next quarterly rent. This...

UK jobless figures climbing but most dangerous moment may have passed

The coronavirus lockdown has prompted some of the UK’s most prominent companies to announce large-scale job losses. The aviation, automotive and retail sectors...

PM issues key points to businesses in England on how to reopen

After Boris Johnson announced that thousands of businesses in England, from pubs to bingo halls, would be able to reopen on 4 July,...

High levels of arsenic found in US Whole Foods’ bottled water brand

Bottled water manufactured by Whole Foods and sold in most of its US stores and on Amazon contains potentially harmful levels of arsenic,...

Commercial landlords expect shortfall on rent day for UK retailers

It is a critical day for the UK’s commercial landlords as they attempt to collect £2.5bn in rent from their struggling tenants, including...

Zara and Primark factory workers say they were fired after forming union

Hundreds of workers at two factories in Myanmar that produce clothing for Zara and Primark were fired days after forming a union in...

Lockdown wardrobe clear-outs threaten to flood charity shops

The British public is set to discard 67m items of clothing and 22m pairs of shoes after two in five of us had...

Reopening of pubs, restaurants and hairdressers not risk free, say top advisers

Boris Johnson hailed the beginning of the end of “our long national hibernation” as he set out a dramatic easing of lockdown rules...

Shopping centre owner Intu could have saved itself years ago

If you want to see how complicated it is possible to make the financing of an owner of shopping centres, have a trawl...

UK shoppers choose local grocers and online stores in Covid-19 crisis

UK shoppers are continuing to turn to local shops and online grocers amid concerns about visiting supermarkets during the coronavirus pandemic. One in five...

Trafford Centre owner prepares contingency plan for administration

Intu Properties, one of Britain’s largest shopping centre owners, has appointed the accountancy firm KPMG as administrator to make a “contingency plan” if...