“This is an economic crisis”: why the pandemic could spell the...
The future of Britain’s fashion industry is in severe doubt due to the global pandemic, with 35% of young and upcoming designers looking as...
Fashion industry reels as coronavirus shuts shops and cancels orders
The coronavirus pandemic has plunged the $2.5tn (£2tn) global fashion industry into crisis with a “significant number” of firms expected to go bust in...
JD Sports stops paying rent to landlords
JD Sports has become the latest store chain to stop paying rent to its landlords as the high street lockdown has a devastating impact...
Coronavirus: how the high street’s big boys leave suppliers in the...
In a quarter of a century supplying the British high street, Stephen Samraj has never faced a crisis like this.
Samraj, a director at Sri...
Coronavirus: Green’s Arcadia empire to halt pension payments
Sir Philip Green's Topshop empire, Arcadia, is to halt payments to its pension scheme for months as retailers and other stricken companies conserve cash...
Retailers, including JoJo Maman Bebe and Arcadia, demand rent relief from...
Retailers are at loggerheads with landlords over rent cuts and holidays, as looming bills threaten efforts to keep stores open and workers in jobs.
Quarterly...
Insurers refuse to pay out on virus shutdown claims
Most pubs and restaurants would have been unable to claim on their insurance even if ministers had demanded a total shutdown to combat the coronavirus...
Laura Ashley appeals to lenders for more cash to stay afloat
Laura Ashley faces collapse unless it can secure £15m of emergency cash by the end of this month and has lined up PwC to act as...
Debenhams asks for rent holiday as shoppers shun streets due to...
Debenhams has asked landlords for an immediate five-month rent holiday as the retail industry faces “unprecedented pressures” because of the coronavirus pandemic.
The UK department...
D-day for Debenhams after settling trademark dispute with sock maker
Debenhams has been forced to drop the lone letter "D" from its branding after a copyright row with a small business.
The retailer was embroiled...
Coronavirus: UK retailers launch action plan to win back Chinese visitors
Retailers have this morning launched a battle plan to tackle the impact of coronavirus on the sector, as a sharp drop in Chinese visitors...
John Lewis and Waitrose staff to receive token bonus
John Lewis and Waitrose staff will get a token bonus on Thursday as Dame Sharon White unveils her maiden financial results as chairman of the...
