Coronavirus:
News
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10 July 2020
Boots UK to reduce headcount by 4,000 due to coronavirus
Boots UK has revealed plans to cut 4,000 positions or approximately 7% of its workforce due to coronavirus pandemic.
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10 July 2020
Muji US subsidiary files for Chapter 11 bankruptcy protection
The US business of minimalist lifestyle brand Muji has reportedly sought bankruptcy protection due to the impact of coronavirus pandemic.
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9 July 2020
Bed Bath & Beyond plans to close 200 stores in next two years
Omni-channel retailer Bed Bath & Beyond has revealed plans to shut 200 stores over the next two years.
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9 July 2020
Steinhoff agrees to dispose of shares in Conforama France to Mobilux
South African retail holding company Steinhoff International Holdings (group) has agreed to divest its shares in home furnishing retail chain Conforama France.
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9 July 2020
Massmart commences talks with unions to cut 1,800 jobs
South Africa-based retail chain Massmart Holdings has begun talks with employee unions to axe up to 1,800 jobs at its struggling Game stores as Covid-19 affects its sales.
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8 July 2020
JD Sports predicts increase in post-pandemic pre-pack administration
JD Sports executive chair Peter Cowgill has warned that the rate of retail pre-pack administrations and company voluntary arrangements (CVAs) are likely to increase after the Covid-19 coronavirus pandemic. This follows...
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8 July 2020
Boohoo launches independent review of UK supply chain
Online fashion retailer boohoo has revealed plans to launch an independent review of its UK supply chain.
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8 July 2020
Levi’s to cut around 700 positions as revenues decline by 62%
US clothing company Levi Strauss & Co has decided to cut 700 positions or approximately 15% of its staff.
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8 July 2020
Uber announces integrated grocery delivery with Cornershop
Ridesharing service provider Uber has partnered with Chile-based online grocery delivery start-up Cornershop.
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7 July 2020
Boohoo’s shares plummet further following slavery accusations
Boohoo Group’s share price plummeted by more than 13% this morning after already having fallen around 20% yesterday. The group has lost more than £1.5bn in stock market value, now...