It’s difficult to say anything new about how hard the past 12 months have been. We are all aware that the global pandemic that has torn through our lives has had a devastating impact on almost every sector, with retail continuing to feel its brutal effects.
Less comprehensively covered, however, has been the incredible work retailers have done to adapt...
Debenhams has shut its doors for the final time in its 243-year history.
The historic department store chain has closed its remaining 28 stores across the UK for good on Saturday after the company collapsed amid the fallout of the coronavirus pandemic.
It closed 21 of its sites across the UK for the final time on Thursday.
The retailer has suffered slumping...
Designer Amanda Wakeley’s eponymous fashion label has fallen into administration after failing to secure a rescue sale.
The label, which was a favourite of Kate Middleton, the Duchess of Cambridge, said its trading performance “suffered due to the current pandemic conditions”, which had a particular impact on its flagship Mayfair store and concessions.
The retail brand said it has hired administrators...
The owner of Poundland has been valued at around £4.3 billion (5 billion euros) ahead of its stock market debut.
Pepco, which also owns the Dealz and Pep&Co brands, has confirmed the valuation as it set the price of its shares at 40 zlotys (£7.61) for the initial public offering (IPO) on the Warsaw Stock Exchange.
The share offering is expected...
Amazon is to create more than 10,000 new jobs in the UK and launch a £10 million programme to help employees gain new skills, the online giant announced.
The move will take Amazon’s total UK workforce to more than 55,000 by the end of year.
The company will open a parcel centre and four new fulfilment centres, as well as expanding...
Online sales are still high, despite dipping when lockdown restrictions eased to allow stores to open, hobby shop The Works said on Friday.
The business reported a 121% boom in online sales over the past year, however it was unable to make up for its shops, which have been closed for more than a third of the time.
For 16 of...
Amazon is offering 100 dollar (£71) bonuses to job seekers vaccinated against Covid-19 as it looks to hire 75,000 people across the US.
The jobs are for delivery and warehouse workers, who pack and ship online orders.
Amazon, which pays at least 15 dollars (£11) an hour, gave out pay rises for some of its workers last month, and the company...
One of London’s oldest shops is to shut its doors for a final time after it said it was unable to pay its rent following the impact of the pandemic.
Arthur Beale on Shaftesbury Avenue in the West End is to close after 150 years in the location.
The company itself, which sells sailing equipment and accessories, was formed as John...
Electricals retailer Dixons Carphone has revealed plans to rename all its UK and Ireland shops as Currys as part of a major rebrand.
The group said Currys PC World, Carphone Warehouse, Team Knowhow and Dixons Carphone will all become Currys by October, with a new Currys website also set to be launched.
It will see the rebrand rolled out across more...
Luxury fashion house Burberry has revealed that sales rebounded by 32% in its final quarter thanks to strong demand from rich shoppers in Asia and the US.
The group said the fourth-quarter bounceback in like-for-like store sales came despite 16% of its shops globally still remaining closed due to lockdowns as it resumed dividend payouts to shareholders.
The performance helped limit...
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