UK retailer M&S axes 7,000 jobs on virus fallout

M&S is planning to cut thousands of jobs as a result of the coronavirus pandemic Tolga AKMEN,AFP•August 18, 2020 Marks and Spencer, the British retail chain selling clothes and food, is to cut around 7,000 jobs as the coronavirus pandemic increasingly pushes customers to shop online, it said Tuesday. The job cuts, to be carried... Continue Reading →

John Lewis confirms eight stores that will permanently close – full list

The department store chain said the affected branches were "already financially challenged prior to the pandemic", as it confirmed all of them will will remain closed for good John Lewis has confirmed plans to axe eight stores, including its flagship Birmingham and Watford branches, after announcing they were at risk last month. The retailer said... Continue Reading →

Intu’s Trafford Centre seeks £1.3bn buyer

By Sahar Nazir -August 12, 2020 Trafford Centre, which is located in Manchester, draws 30 million visitors every year Intu’s Trafford Centre is reportedly seeking a buyer less than two months after the shopping centre owner filed for administration. The UK’s fourth-biggest shopping centre has drafted in PJT Partners and CBRE to oversee the sales process, Sky News reported.... Continue Reading →

Amazon and Mall Operator Look at Turning Sears, J.C. Penney Stores Into Fulfillment Centers

Simon malls have 11 Sears and 63 Penney stores, according to a public filing.PHOTO: MARK BLACK/ZUMA PRESS Hookup between Simon Property Group, Amazon would show how retail and logistics are converging more rapidly By Esther Fung and Sebastian HerreraUpdated Aug. 9, 2020 1:40 pm ET Simon Property Group Inc., the biggest mall owner in the U.S., has been in talks with Amazon.com Inc. to... Continue Reading →

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