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Tag: stores

John Lewis closes eight stores with expected loss of 1,300 jobs | Business

The coronavirus lockdown has prompted some of the UK’s most prominent companies to announce large-scale job losses. The aviation, automotive and retail sectors have been among the worst hit, as businesses adjust to dramatically reduced revenue projections. While the government’s job retention scheme has so far protected millions of jobs, fears are mounting that unemployment …

John Lewis closes eight stores with expected loss of 1,300 jobs | BusinessRead More

Managing the difficult challenge of reopening stores

When McDonald’s reopened my local Drive Thru restaurant my son absolutely demanded we made a visit. What was interesting was that as lockdown was in place there were no employees required in the restaurant. Cost savings you might think. Not so, because they had all been deployed outside where many more people were required to …

Managing the difficult challenge of reopening storesRead More

The Future of Stores (1/2) – The Fashion Retailer

Nowadays, we are living the “Retail Apocalypse volume 2” (phenomenon that started around 2010 in USA) and this won´t be the last time experts anticipate the end of retail. Stores will survive as described on Coronavirus and Fashion (v1 and v2). “Stores” will emerge again and again, but will we keep using that word? What …

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Poundstretcher could close half its stores under rescue deal | Business

Poundstretcher could close nearly half its stores in six weeks’ time, with 2,000 jobs at risk, after landlords and other creditors approved a rescue restructure. Rents will be cut by up to 40% on 84 stores and held at current rates on 94 stores under the insolvency process known as a company voluntary arrangement (CVA) …

Poundstretcher could close half its stores under rescue deal | BusinessRead More

Beyond Meat enters grocery stores in mainland China through Alibaba partnership

Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Angela Weiss | AFP | Getty Images Beyond Meat announced Tuesday that Alibaba’s Freshippo grocery stores would start selling its meatless burger patties, marking its entry into supermarkets in …

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How retailers are discounting online as stores reopen

Retailers are cutting their prices hard as the non-essential retail sector emerges from lockdown. Clothing, electricals and other non-essential retailers that closed on March 23 were able to reopen from June 15. Figures from Springboard suggest that while footfall rose that week, compared to the previous week, it was still down by more than 50% …

How retailers are discounting online as stores reopenRead More

Nike plans up to 200 small-format stores, despite 38% revenue drop

Dive Brief: Nike revenue declined 38% in the fourth quarter, falling to $6.3 billion, according to a company press release. The retailer swung to a loss of $790 million, from income of $989 million the year before. That represented a 180% decline. While revenues in Greater China were only down 3%, North America was down …

Nike plans up to 200 small-format stores, despite 38% revenue dropRead More

JC Penney is closing 13 more stores. Here’s a map of where they are

J.C. Penney is set to close 13 more stores this summer as it works toward restructuring its business in bankruptcy court.  The department store announced Monday evening the list of the locations, which faces court approval and includes two in New York and one in California.  It said these going-out-of-business sales are set to begin …

JC Penney is closing 13 more stores. Here’s a map of where they areRead More

7 Tips To Prepare for When Stores Reopen

Over 75% of retailers expect in-person shopping to resume sometime in the next six months. But what will it look like, exactly, when stores reopen? Well, if you’re a retailer who believes everything will return to normal, you’re going to be in for a rude awakening. Because the reality is: We’re ways away from normal. …

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