The Covid-19 pandemic has been challenging for drugstores such as Walgreens, as patients put off visiting doctors and other health providers.PHOTO: NAM Y. HUH/ASSOCIATED PRESS Pharmacy chain swings to loss, as drop in customer traffic during coronavirus weighs on demand at Boots stores Walgreens Boots Alliance Inc. said it plans to cut about 4,000 jobs in the U.K.... Continue Reading →
By Sahar Nazir -July 7, 2020 Soletrader will permanently close eight of its 37 stores in the UK // The retailer will shutter eight shops in the UK Soletrader will reportedly shutter eight stores in the UK after its parent company Twinmar Limited placed it into a creditors’ voluntary liquidation. RG Insolvency directors Avner Radomsky and... Continue Reading →
The Swedish group's other brands Weekday, Monki, COS are also expected to be affected by the closures Fashion giant H&M has said it plans to shut 170 of its stores across Europe after accelerating closure plans in the face of coronavirus. The company said that sales dived by a quarter in June as it was... Continue Reading →
JOHANNESBURG (Reuters) - Parts of South African retail chain Edcon are likely to be sold to private equity-backed Retailability Ltd, administrators in charge of its restructuring said. A man walks past a branch of clothing store Edgars, owned by of struggling department store operator, Edcon, during a coronavirus disease (COVID-19) lockdown in Cape Town, South... Continue Reading →
Lucky Brand has joined other retailers in filing for bankruptcy due to the coronavirus pandemic. On Friday, Lucky Brand Dungarees, LLC announced they had filed for Chapter 11 bankruptcy and that the company is looking to sell the business to SPARC Group, operator of Aéropostale and Nautica. The Los Angeles-based denim company is the latest... Continue Reading →
Luxury department store Harrods will axe 672 jobs, following similar cuts by Sir Philip Green's Arcadia Group and the owner of Upper Crust and Caffe Ritazza. Harrods blamed the coronavirus pandemic, which kept its flagship branch in central London closed for three months during the UK lockdown. The business, owned by the Qatar Investment Authority,... Continue Reading →
By DAILY MAIL CITY & FINANCE REPORTER Sainsbury's is under fire over the 'excessive' pay deal handed to its new boss Simon Roberts. Just days after Tesco suffered one of Britain's biggest shareholder revolts over fat-cat pay, its supermarket rival was accused of failing to align executive rewards with the interests of shareholders. Advisory group... Continue Reading →
By Elias Jahshan -June 28, 2020 The Hut Group's board has reportedly not yet made a decision whether the flotation would be conducted in the public or private markets. // The online beauty retail group is in talks about a share sale that could lead to a London flotation // Reports suggest The Hut Group is courting... Continue Reading →
By Sean Poulter Consumer Affairs Editor For The Daily Mail22:08 26 Jun 2020, updated 22:29 26 Jun 2020 The problems at Intu puts more than 100,000 jobs in jeopardy Some of its more famous sites are likely to be sold, while others could be lost forever Some of Britain's biggest shopping centres face closure, which threatens... Continue Reading →
