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Tag: crisis

Which companies are coming through during the coronavirus crisis? | Business

The dramatic effect of the coronavirus on the British economy has posed serious challenges for the country’s companies and their employees. Some have been applauded for their actions – making donations to health workers, for instance – while others have quickly fallen foul of politicians, the public and their own workers. Here is a list …

Which companies are coming through during the coronavirus crisis? | BusinessRead More

Yum Brands suspends $2 billion buyback program amid coronavirus crisis

Yum Brands CEO David Gibbs said Wednesday the company’s decision to suspend its $2 billion share buyback program allows it to better support employees and franchisees during the COVID-19 pandemic.  “We can do things like we just did in the United States, which is provide a grace period for our franchisees on their royalties or suspend capital investments for …

Yum Brands suspends $2 billion buyback program amid coronavirus crisisRead More

Institute of Customer Service on maintaining and building customer loyalty during the COVID-19 crisis – Retail Times

By Jo Causon, CEO, The Institute of Customer Service The unfolding COVID-19 crisis presents the greatest challenge in recent history for businesses and organisations across the globe. Widespread closures, mass isolation and the effects of panic buying are impacting organisations across all sectors to an unprecedented degree. As they respond to rapidly changing circumstances, they …

Institute of Customer Service on maintaining and building customer loyalty during the COVID-19 crisis – Retail TimesRead More

The oil price war harms chances of international cooperation in a crisis | Editorial | Business

Oil has a nasty habit of featuring in global recessions. At the start of 1973 the global economy was celebrating a quarter of a century of strong growth. By the end of the year the golden age had come to a shuddering halt after a cartel of oil producing nations – Opec – drove up …

The oil price war harms chances of international cooperation in a crisis | Editorial | BusinessRead More

The undervalued heroes of the coronavirus crisis need our thanks – and our support | Owen Jones | Opinion

Thank yous are too often implied. They get casually dumped in a box labelled “take it as read”, presumed too self-evident to be publicly stated. Sometimes they’re expressed through a knowing nod or a smile, or – before our current plight, of course – a gently squeezed hand clasp. In normal times that’s not really …

The undervalued heroes of the coronavirus crisis need our thanks – and our support | Owen Jones | OpinionRead More

Next warns of unprecedented high street crisis over coronavirus | Business

The chief executive of Next has said the British high street is facing a crisis that is “unprecedented in living memory” as the fashion retailer joined a slew of companies warning of the devastating impact of the coronavirus pandemic. Simon Wolfson said Next was planning for a sales hit of up to £1bn in the …

Next warns of unprecedented high street crisis over coronavirus | BusinessRead More

The ‘fortress firms’ best placed to weather the coronavirus crisis | Business

As the corporate and economic toll of the coronavirus outbreak mounts, it is clear that some winners will also emerge from the crisis, including supermarkets and others such as Marks & Spencer that are likely to be given “essential retailer” status. If the UK government follows in the footsteps of other countries such as France, …

The ‘fortress firms’ best placed to weather the coronavirus crisis | BusinessRead More

UK’s organic vegetable delivery firms ‘flat out’ amid coronavirus crisis | Business

Organic vegetable box delivery companies are facing unprecedented demand for their food as a result of the coronavirus outbreak, putting huge strains on their packing lines. Abel & Cole, which puts out 55,000 food boxes a week on average, has seen a more than 25% increase in orders, with its packing teams working at full …

UK’s organic vegetable delivery firms ‘flat out’ amid coronavirus crisis | BusinessRead More

Billionaire retailers seek rent cuts during coronavirus crisis | Business

Billionaire retailers Sir Philip Green and Mike Ashley have asked landlords for rent cuts of up to 50% as they try to cut costs during the coronavirus outbreak. Green’s Arcadia retail empire and Ashley’s Sports Direct chain have joined a wave of retailers including H&M, New Look and Debenhams in asking landlords for rent holidays …

Billionaire retailers seek rent cuts during coronavirus crisis | BusinessRead More

Apparel exporters seek Centre’s support amid corona crisis

The Apparel Export Promotion Council (AEPC) on Tuesday wrote to Finance Minister Nirmala Sitharaman requesting her immediate intervention to maintain the viability of the country’s apparel exporters due to the uncertainty in the global markets. In the letter, AEPC Chairman A. Sakthivel said: “Recognizing the volatilities in the global apparel markets and order postponements/ cancellations, …

Apparel exporters seek Centre’s support amid corona crisisRead More