
Primark became the latest retailer on Friday for its leaders to show solidarity with its workforce as parent company Associated British Foods announced a pay cut for bosses.
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Primark became the latest retailer on Friday for its leaders to show solidarity with its workforce as parent company Associated British Foods announced a pay cut for bosses.
The owner of the Topshop and Dorothy Perkins chains has furloughed the majority of its staff as, like the rest of the retail sector, it continues its fight for survival in the face of the coronavirus crisis.
Like many other companies, Arcadia is taking steps to preserve liquidity to ensure it can survive amid temporary store closures and uncertainty. The top-ups will be deferred for at least three months.
The very public apology made by Frasers CEO Mike Ashley on Friday underlines the importance of good PR during the coronavirus crisis and an analyst has said that "exemplary ethics will pay off" once the outbreak is over.
Sainsbury's has said that it's working hard to support its suppliers and partners and is also pledging support for its concession partners that include fashion retailers.
Fast fashion stores across the UK and Ireland are shutting their doors for who-knows-how-long as footfall drops to a trickle, despite the government not having specifically ordered shops to shut.
Philip Green is trying to slash Arcadia’s rent bill in a bid to strengthen its cash position ahead of tough times in retail globally.
The event said its latest show in January drew more than 4,500 visitors from leading brands including AllSaints, Arcadia, Debenhams, Harrods, John Lewis and Burberry.
January may not be over yet but the under-pressure UK retail sector has already lost 10,000 jobs in 2020, the Centre for Retail Research (CRR) said on Monday.
M&S is focusing heavily on its retail operations and said that it has added two key new roles to the organisation to help it build “a store estate that’s fit for the future with industry-leading store operations”.