Debenhams calls in liquidation experts putting its entire 14,000-strong workforce at risk in what could be the biggest jobs cut of the coronavirus pandemic Department store chain appointed Hilco Capital to draw up contingency plans Debenhams announced earlier this week that it would cut a further 2,500 jobs It comes as Jet2 cuts jobs of … Read more
Embattled fashion retailer Quiz faces fresh trouble as it’s hit by claims of underpaying workers Fashion has been one of the sectors worst-hit by the coronavirus pandemic The National Minimum Wage for workers above the age of 25 is £8.72 per hour Quiz said its suppliers have to abide by the company’s Ethical Code of … Read more
Under fire fashion retailer Boohoo has launched an independent review of its supply chain after a scandal about working conditions at factories. The investigation will be led by lawyer Alison Levitt QC and comes after the company’s shares plummeted £1billion amid the claims of poor pay and practices. Boohoo said it was going to invest … Read more
Footwear retailer Kurt Geiger will quarantine shoes for 24 hours after customers try them on as part of plans to reopen up to 20 stores next month. Customers will be asked to put on disposable ‘pop socks’ and use antibacterial hand sanitiser before trying on shoes to prevent the spread of coronavirus. Items which have … Read more
Superdrug has become the first high street retailer to sell a coronavirus antibody test to the public for £69 with almost 100 per cent accuracy. The test is produced by medical giant Abbott, which was the second antibody test approved by ministers this month after that made by Roche. Blood samples have to be posted … Read more
Games Workshop shares leap as the Dwarfs, Orcs and Elves retailer says its profits are set to surge Retailer expects sales for the six months to December to be at least £140m Nottingham-headquartered firm said profits for the period will be at least £55m Shares climbed 17 per cent to 5267p following the update on Friday … Read more
Online clothes retailer Boohoo set to raise £200m to snap up global fashion brands on the cheap By Daily Mail City & Finance Reporter Published: 21:50 BST, 14 May 2020 | Updated: 21:50 BST, 14 May 2020 Shopping spree: Boohoo is planning to snap up global fashion brands on the cheap Boohoo was set to … Read more
Billionaire owner of retailer Matalan seeks £60m cash as closures bite Matalan, run by the billionaire Hargreaves family, is seeking as much as £60m It said it had been forced to close 232 stores but continues to sell clothing online Matalan has furloughed staff has drafted a number of forecasts to assess the impact of lockdown … Read more
Safety shake-up to see fashion retailer Next reopen its website after over two-week shutdown Next was the only major retailer to cease trading completely after lockdown Sources said Next aims to set a new benchmark for safe working More than 3,000 employees volunteered to go back to work By Neil Craven for The Mail on … Read more
Next will be shutting down its online operations from tonight amid the nation’s coronavirus outbreak. The high-street fashion chain confirmed it would be closing down its online stores after workers raised concerns at being asked to come into shops and warehouses to pick goods during the coronavirus lockdown. A statement from the company said it … Read more