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Tag: closures

Primark warns of sales hit after coronavirus store closures | World news

The UK retailers Primark and Kingfisher have warned the coronavirus pandemic will hit sales after store closures in Europe, while the betting company Flutter issued a profit warning and warned of “unprecedented” times. The owner of the fashion chain Primark, Associated British Foods, said 72 stores accounting for 20% of selling space are now closed …

Primark warns of sales hit after coronavirus store closures | World newsRead More

Retail store closures in the US could explode because of coronavirus

2019 brought with it record store closures in the retail industry in the U.S. 2020 looks like it is about to be a lot worse. With a coronavirus pandemic hitting many consumers across America, spurring them to stock up at the grocery store on essentials before they hole up at home to wait things out, …

Retail store closures in the US could explode because of coronavirusRead More

Make the best of being home due to coronavirus closures

From quarantines to working remotely, precautions are being taken across the U.S. in response to the spread of coronavirus. If you find yourself stuck at home, there are ways to make the best of a bad situation, according to “Shark Tank” investor Daymond John. “You have to make sure that you take that time to …

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Starbucks reopens China cafes after closures due to coronavirus

A man wearing a face mask walks past a deliveryman as he waits outside a Starbucks store as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters Starbucks has reopened most of its cafes in China after temporarily closing themto stop the spread …

Starbucks reopens China cafes after closures due to coronavirusRead More

Marks & Spencer depot closures put nearly 700 jobs at risk | Business

Marks & Spencer is closing two of its clothing distribution centres in a move that puts almost 700 jobs at risk. The struggling retailer is revamping its warehouse network to save money and improve stock availability, which is a long-running problem in its high street stores. On Thursday, M&S said the sites in Long Eaton …

Marks & Spencer depot closures put nearly 700 jobs at risk | BusinessRead More

China closures may leave e-commerce shelves empty, Retail News, ET Retail

Bengaluru: Amazon and Flipkart, the country’s two largest web retailers, are likely to see an impact on overall sales due to the prolonged closure of factories in China on account of the coronavirus outbreak, analysts and industry insiders told ET. A supply crunch in smartphones, televisions, large appliances and consumer electronics, which comprise about half …

China closures may leave e-commerce shelves empty, Retail News, ET RetailRead More

Does John Lewis warning of closures mean department stores are doomed? | Business

So it seems John Lewis is contemplating doing the unthinkable, with the middle classes’s favourite retailer hinting at store closures as it too is engulfed by the high street crisis. Department stores are in the frontline of the retail downturn: rival chains House of Fraser and Debenhams are hitting financial trouble as changing shopping habits …

Does John Lewis warning of closures mean department stores are doomed? | BusinessRead More

New John Lewis boss warns staff of store closures and job losses | Business

The new chair of the John Lewis Partnership has warned of potential store closures and job losses as part of a plan to shore up its finances. Sharon White told this week’s private meeting of the employee-owned group’s staff council that it faced making “difficult decisions about stores and about jobs” during what was its …

New John Lewis boss warns staff of store closures and job losses | BusinessRead More

Bed Bath & Beyond withdraws fiscal outlook; delays store closures

Bed Bath & Beyond said it will reveal its strategic plan in early 2020 as it swung to a third-quarter loss with sales and earnings that missed Street expectations. The embattled retailer also said it would delay closing 20 of its namesake stores until after the first half of fiscal 2020 in order to sell …

Bed Bath & Beyond withdraws fiscal outlook; delays store closuresRead More

Bed Bath & Beyond withdraws fiscal outlook; delays store closures

Bed Bath & Beyond said it will reveal its strategic plan in early 2020 as it swung to a third-quarter loss with sales and earnings that missed Street expectations. The embattled retailer also said it would delay closing 20 of its namesake stores until after the first half of fiscal 2020 in order to sell …

Bed Bath & Beyond withdraws fiscal outlook; delays store closuresRead More