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MIDWEEK CATCH-UP

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15/07/20

THE MIDWEEK CATCH-UP

Burberry to cut 500 jobs as lockdowns cause sales plunge


Burberry has revealed plans to make 500 job cuts amid efforts to streamline UK office operations and make cuts across stores outside Britain after lockdown sent (...)
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DFS to cut jobs as it swings to full-year loss


DFS has announced it would be cutting jobs as it restructures following lockdown, as its full year results reveal a swing to a loss and a dramatic plunge in (...)
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Halfords eyes 60 store closures despite rising sales


Halfords has reportedly earmarked 60 sites for closures after revealing earlier this month that it would ramp up its store closure scheme due to the coronavirus  (...)
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Dixons Carphone full year profits more than halve


Dixons Carphone has seen annual underlying profits more than halve after a hit from lockdown store closures and worse-than-expected sales in its mobile arm.  (...)
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Asos remains "cautious" despite revenue reaching £1bn


Asos has seen its sales rise during the Covid-19 lockdown and is on track to deliver "strong profit growth". The online fashion retailer recorded a (...)
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Dunelm sales plummet as Brits chose to stay home


Dunelm has experienced a sales drop during its fourth quarter despite posting "significant" growth in its online business. The homewares retailer saw total sales (...)
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Lidl to open 1 new store per week & create 1000 new jobs before Xmas


Lidl has revealed ambitious plans to open 25 new stores in the next six months, equating to one store per week, creating up to 1000 new jobs in Great Britain by  (...)
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John Lewis outsourcing over 100 more IT jobs to third-party firm


John Lewis is outsourcing over 100 more IT roles and will transfer staff to global technology services giant Capgemini later this year. The struggling  (...)
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House of Fraser store to be converted into multi-million-pound retail centre


The former House of Fraser department store in Richmond upon Thames is due to be converted into a multi-million-pound retail and leisure destination (...)
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AO.com must "cement the change" in shopping habits, CEO says


AO.com has seen a strong increase in its full-year profits and sales, though chief executive John Roberts said it "must cement that change" accelerated by online (...)
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M&S welcomes ex-Debenhams director as new boss for brands


Marks & Spencer has appointed the former Debenhams director Sarah Savva as its new business lead of brands. Savva was most recently the project  (...)
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Ted Baker faces investor revolt over plans to raise exec salaries


Ted Baker is facing backlash from its investors over plans to increase executive pay amid its battle for survival. Institutional Shareholder Services  (...)
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Amazon unveils high-tech 'Dash Cart' which charges customers as they shop


Amazon has unveiled its new automated "Dash Carts" which use computer vision and inbuilt scales to identify items and charge customers without them having  (...)
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The Original Factory Shop announces new chairman & MD


The Original Factory Shop has announced changes to its leadership team with the appointment of a new executive chairman and a new managing director (..)
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Wilko hires ex-Specsavers finance boss as new CFO


Wilko has reportedly appointed the former Specsavers finance director Karen Mackay as its new chief financial officer. Mackay will join office in September, and will (..)
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Why is Primark resisting the shift to online?


Primark's resistance to shifting to online has for years baffled consumers and investors alike. In an age when online shopping is thriving, Primark has continued (...)
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COMMENT: The Leicester factory scandal must prompt further change


The Leicester garment factory scandal adds further weight to criticism that the UK's modern slavery legislation does not go far enough in incentivising (..)
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Face coverings to become mandatory in shops from July 24


Wearing a face covering in shops and supermarkets is to be made mandatory in England in a fresh move to stop the spread of the coronavirus, the UK  (...)
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Footfall still low in June despite retail lockdown exit


Retail footfall for June more than halved against the same month last year as shopper demand remains low despite the "turning point" of reopening thousands (...)
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Retail sales jump in June amid lockdown exit


UK retailers have said they saw the biggest monthly sales jump in more than two years in June after swathes of high street stores reopened. However, experts  (...)
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Amazon to reimpose limits on sellers as coronavirus cases surge throughout "most of the US"


Amazon has warned US sellers that it will be re-imposing restrictions on the quantity of goods  (...)
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