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TheIndustry.fashion

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Sainsbury's

Sainsbury’s warns on £500m COVID hit from falling clothing sales and...

Sainsbury's has warned of a coronavirus hit of more than £500 million to the current year’s profits as it said social distancing measures together...
Victoria Beckham

Victoria Beckham brand being sued by pattern cutter over hand injury

Victoria Beckham’s clothing brand is being sued by a former employee who allegedly suffered a hand injury. Pattern cutter Kristina Kubiliene worked for Victoria Beckham...
Next

Next warns over “faster and steeper” coronavirus hit to sales

Next has said the impact of the coronavirus lockdown on trading has been “faster and steeper” than expected and warned that sales will remain...
John Lewis

John Lewis “highly unlikely” to keep all department stores open after...

Senior management at John Lewis have started discussions on which department stores should keep their doors closed permanently once the coronavirus lockdown ends, according...
Britons coronavirus Covid-19

Britons “most cautious” about re-opening the economy

Britons do not believe the economy and businesses should open if coronavirus is not fully contained, according to a new study. In an Ipsos Mori...
Bangladesh

UK retailers withhold £2.4bn from Bangladeshi factories, documents show

Around £2.4 billion of contracts in Bangladesh have been cancelled by some of the UK’s biggest high street retailers, according to documents seen by...
Rishi Sunak Chancellor Furlough

Chancellor unveils state-guaranteed “bounce back” for small firms

Small businesses will be able to secure a loan worth up to £50,000 with the Government guaranteeing 100% of the risk in the latest...
Business rates

High streets face fresh business rates woes after lockdown, retailers warn

Retailers have warned that the high street will face more disarray next year if a new rule on business rates is allowed to pass...
British Retail Consortium

British Retail Consortium publishes guidance for re-opening stores

The introduction of cleaning stations is among a number of measures published by the British Retail Consortium to support the re-opening of stores once...
Mike Ashley Sports Direct Frasers Group

Frasers Group settles £588m Belgian tax dispute

Mike Ashley’s Frasers Group said it has finally resolved a €674 million (£588 million) dispute with the Belgian tax authority. It said it took the...
Retail sales

ONS records record collapse in retail sales with clothing down by...

Retail sales reported the sharpest fall on record last month as clothing sales plunged by a third, according to new figures. The Office for National...
Alok Sharma Furlough

British businesses furlough 2.8m staff

British businesses have applied for 2.8 million workers to be furloughed since the start of the coronavirus outbreak, the Business Secretary Alok Sharma said. He...