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Tag: under

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

Dismayed after govt decision to not allow cinemas to open under Unlock 2.0: Multiplex Operators

Cinema and multiplex operators have expressed dismay over the government’s decision to not allow screens to open in the second phase of unlocking and pointed out that an early decision in this may help mobilise resources in the film industry’s ecosystem. Cinemas are the backbone of the film industry accounting nearly 60 percent of the …

Dismayed after govt decision to not allow cinemas to open under Unlock 2.0: Multiplex OperatorsRead More

Chinese seller on e-commerce platforms under taxman’s lens, Retail News, ET Retail

Karnataka’s commercial taxes department has said it will write to ecommerce companies Amazon, Flipkart and Paytm Mall seeking details of online trades carried out by a Chinese national and his associates in Bengaluru if no one claims ownership of the consumer goods it has seized for violation of GST laws and regulations. The tax officials …

Chinese seller on e-commerce platforms under taxman’s lens, Retail News, ET RetailRead More

Marico Limited launches hand sanitizers under its trusted hygiene brand Mediker

Marico Limited, one of India’s leading FMCG companies, announced its foray into the hand sanitizer category with the launch of ‘Mediker Sanitizer’. This development is part of the company’s response to the unprecedented health crisis faced by the country and to support the government’s relief operations. As the demand for hand hygiene essentials reaches its …

Marico Limited launches hand sanitizers under its trusted hygiene brand MedikerRead More

Under lockdown, India changes shopping habits, Retail News, ET Retail

Mumbai: Lockdown plus WFH equals new online shopping behaviour. Office hours are turning into shopping hours, especially for essentials, data shared by companies managing online and offline transactions show. And that weekend spending bulge too has somewhat flattened, with those working from home managing their routines differently. “Transactions at retail stores have significantly declined during …

Under lockdown, India changes shopping habits, Retail News, ET RetailRead More

Under Armour details big restructuring charges; to furlough employees

Citing the “acute shock” to its business resulting from COVID-19, Under Armour outlined a series of cost-cutting measures as the financial toll of the pandemic rises. In separate news, the athletic apparel brand detailed a previously (pre-pandemic) planned restructuring initiative that is designed to reduce costs and improve future profitability and cash flow generation. It …

Under Armour details big restructuring charges; to furlough employeesRead More

High street’s survival under threat as lockdown hits stores | Business

Fears that many of Britain’s high street shops will be forced to close down permanently despite the government’s emergency support were fuelled yesterday after a string of retailers said the coronavirus outbreak could make their businesses unviable. As the Restaurant Group said it would shut the majority of its Tex-Mex Chiquito restaurants for good, Swedish …

High street’s survival under threat as lockdown hits stores | BusinessRead More

E-commerce has been lifeblood for cities under shutdown to fight Covid-19: Flipkart

Flipkart on Saturday said that e-commerce world over has been the lifeblood for cities under shutdown to fight against coronavirus while lauding the government move to exempt e-tailers from any order that restrict supply through them. “We see that world over, e-commerce, powered by technology, has played a key role as a partner with the …

E-commerce has been lifeblood for cities under shutdown to fight Covid-19: FlipkartRead More

Pets at Home under fire for coronavirus key worker claim for staff | Business

The pet supplies chain Pets at Home is facing a social media backlash after it sent a letter asserting that its staff qualified for the coronavirus key workers list. A letter, drafted by the retail company for its employees to allow them to apply to headteachers for emergency school childcare, argued that its workers were …

Pets at Home under fire for coronavirus key worker claim for staff | BusinessRead More

Indian retail reels under Coronavirus panic

Amid the rising number of coronavirus cases in the country, the order of closure of malls and multiplexes across many top cities by the respective state governments to prevent people congregating for any reason, has caused the organized retail scene in these cities to come to a grinding halt. The top 8 main cities of …

Indian retail reels under Coronavirus panicRead More