H&M makes fashionable comeback in coronavirus turnaround September 15, 2020 H&M surpassed analyst estimates on profit in its most recent quarter, helping the world’s second biggest fashion retailer to bounce back after the coronavirus pandemic weathered sales. Profit before tax for the three months to the end of August was around 2bn Swedish crowns (£177.1m), beating analysts’ mean forecast of 191m crowns according to data [...]
Ocado sales surge as consumers switch to online shopping September 15, 2020 Ocado sales soared in the third quarter as more customers continued to switch to online shopping due to the pandemic. Retail revenue surged 52 per cent to £587.3m in the 13 weeks to 30 August due to high demand for home grocery deliveries. Ocado’s share price jumped 5.99 per cent this morning after it forecast [...]
Eve Sleep narrows loss as post-Covid sales bounce back September 15, 2020 Mattress maker Eve Sleep today reported a narrower loss in the first half of the year as it hailed a strong improvement in trading since April. The figures Eve Sleep reported revenue of £12.2m in the six months to the end of June, down five per cent on the same period last year. Statutory loss [...]
Tax-free shopping: Give the high street the shot in the arm it so urgently needs September 15, 2020 As the Brexit debate rages on, and with the end of the transition period looming, the pressure is on to draw a line under deal talks by the end of October. Much has been made of the potential benefits for UK consumers in the event of no-deal – a Brexit Bonus, if you will. But [...]
Domino’s to create 6,000 new jobs September 15, 2020 Pizza takeaway chain Domino’s has announced it is creating 6,000 new roles ahead of the crucial Christmas trading period. The fast food firm is hiring 5,000 new employees as well as 1,000 placements under the government’s Kickstart scheme to help young people get jobs after the coronavirus pandemic. Among the 5,000 new roles, Domino’s will [...]
Aldi launches first click and collect trial September 14, 2020 Aldi has launched its first click and collect trial as the budget supermarket seeks to attract new customers amid rising demand for online shopping. The German discounter is running the trial for Aldi employees from a store in the Midlands and is planning to extend the service to customers in the coming weeks. If the [...]
Retail footfall suffers first decline since April as schools reopen September 14, 2020 Retail footfall suffered the first decline since April last week as schools reopened and families returned from their UK holidays, with the drop exacerbated as people continued to work from home. Footfall across retail destinations fell 6.3 per cent compared to the previous week as schools across the UK reopened and staycations tailed off. The [...]
JD Wetherspoon reveals 66 staff test positive for coronavirus after pubs reopen September 14, 2020 JD Wetherspoon has revealed that 66 employees have tested positive for coronavirus since it reopened its pubs in July but insisted that its venues are safe. The pub chain said many of the cases were mild or asymptomatic, and that 28 members of staff have returned to work after self-isolating. The company, which employs 41,564 [...]
Amazon continues jobs spree with 100,000 additional roles September 14, 2020 Amazon has said it is intending to recruit another 100,000 new jobs in North America this year, marking its fourth hiring effort in 2020 alone. The e-commerce giant has announced plans to hire a total of 208,000 new employees this year, after revealing 33,000 jobs for headquarters roles earlier this month and 175,000 new operations [...]
New Look to warn landlords it could collapse without further rent cuts September 12, 2020 New Look will warn landlords next week that it could go bust if it isn’t granted further rent cuts. The high street brand has almost 500 stores across the UK and employs more than 12,000 people. It is set to propose its second company voluntary arrangement (CVA) within two years after its sales suffered as [...]
