Fashion retailer Quiz joins other retailers as it warns of sales slump and ditches guidance on profits Quiz saw a ‘substantial’ fall in traffic online and in stores, which shut on 22 March It warned closures will have an impact on its full-year profits to the end of March By Camilla Canocchi for Thisismoney.co.uk Published: … Read more
A petrol station in Birmingham is believed to have become the first retailer in Britain to offer fuel for less than £1-a-litre since the price of oil crashed earlier this month. The Murco garage on the A435 near Kings Heath on Tuesday cut the price of unleaded to 99.7p. It follows cuts of up to … Read more
Retailer Cath Kidston in race to find a buyer as virus lockdown wreaks havoc on the high street By Ben Harrington For The Mail On Sunday Published: 23:07 GMT, 21 March 2020 | Updated: 23:07 GMT, 21 March 2020 Fashion and home retailer Cath Kidston is looking for a buyer to save the business as … Read more
Mike Ashley’s Frasers becomes latest retailer to warn on profits due to ‘significant disruption’ from coronavirus outbreak Frasers no longer expects profits to grow by the 5 to 15% in the year to April The retail group also dropped its forward guidance due to the uncertainty Last year Frasers made profits of £287.8million Coronavirus symptoms: … Read more
Ailing retailer Laura Ashley seeks further £15m rescue loan just weeks after emergency funding deal It was saved from collapse last month by £20m lifeline from US bank Wells Fargo It said it is ‘in advanced discussions with a third-party lender’ But there are fears of the impact of coronavirus By Daily Mail City & … Read more
Tesco delivery drivers have advised each other to take their employer to court if they have to deliver food to people who ‘they are aware of being in self-isolation’ at home due to the coronavirus. In a forum for Tesco employees, the drivers questioned whether or not it was a fair request to be asked … Read more
Rent-to-own retailer BrightHouse on brink after surge of mis-selling claims Accountancy firm Grant Thornton is on standby to handle a potential insolvency The collapse of BrightHouse would put 2,400 jobs at risk The firm offers rent-to-own deals on electrical goods to hard-up shoppers By Harriet Dennys For The Mail On Sunday Published: 22:20 GMT, 29 … Read more