Retail News » Coronaviurs

Coming from an industry so hard hit by the Coronavirus crisis, with 180,000 retail jobs lost last year and more predicted for 2021, it is difficult to see any silver linings as we suffer through yet another lockdown. However recent figures show that things are on the up for much of the population, with the number of people on reduced salaries down by 50%...

In filing for administration last week, the retail behemoth that is the Arcadia Group became the last in a long line of businesses that the Covid19 crisis has forced into possible bankruptcy. But can the Coronavirus crisis be solely to blame for the fall of this retail empire? The losses of £137.5 million declared in 2019 (down from profits of £119.3 million just 2...

Boohoo was making headlines again yesterday, but this time not for the right reasons. Just a couple of weeks ago industry experts were looking to the e-commerce giant as a shining example of how to triumph during the Covid19 crisis, as it closed its first quarter with a 45% increase on sales over the previous year and topped off its success by snapping up...