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Tag: warns

Adidas warns U.S. online shoppers to be on alert after data breach

Adidas placed a warning to its online U.S. shoppers that their personal information may have been accessed during a suspected data breach last week. The footwear giant first became aware of the incident on June 26 and analysts are saying that millions of customers could be affected. Adidas says its taking steps to alert consumers …

Adidas warns U.S. online shoppers to be on alert after data breachRead More

Nordstrom warns financial situation could grow distressed

A “Temporarily Closed” sign hangs in the window of Nordstrom Inc. store in the Midtown neighborhood of New York, U.S., on Friday, March 20, 2020. Gabby Jones | Bloomberg | Getty Images Nordstrom said its financial situation could become distressed if its stores stay dark for much longer because of COVID-19. The retailer’s assessment of this …

Nordstrom warns financial situation could grow distressedRead More

Coronavirus lockdown to hit low-paid, young and women hardest, warns IFS | Business

The low-paid, young people and women are likely to be the hardest hit by the coronavirus shutdown of businesses including restaurants, hotels, pubs, retailers and transport services. Low earners are seven times as likely as high earners to work in a business sector that has shut down, according to the Institute for Fiscal Studies. The …

Coronavirus lockdown to hit low-paid, young and women hardest, warns IFS | BusinessRead More

Cheap Covid-19 test kits for Ocado staff may be unreliable, union warns | Business

Online food retailer Ocado has sourced 100,000 coronavirus tests for its workers from China, it has emerged, raising concerns over their quality after thousands of other kits bought from the country have had to be returned because they were substandard. The grocery home delivery company confirmed over the weekend it had spent £1.5m on Covid-19 …

Cheap Covid-19 test kits for Ocado staff may be unreliable, union warns | BusinessRead More

Intu warns of breach in debt commitments as retail rents collapse | Business

Intu Properties, one of Britain’s biggest shopping centre owners, has said it will breach the terms on its debt commitments following a collapse in the rents received from its retail tenants unless it can secure debt waivers from its lenders. The owner of the Trafford Centre in Manchester and Lakeside in Essex said it had …

Intu warns of breach in debt commitments as retail rents collapse | BusinessRead More

Adidas warns U.S. online shoppers to be on alert after data breach

Adidas placed a warning to its online U.S. shoppers that their personal information may have been accessed during a suspected data breach last week. The footwear giant first became aware of the incident on June 26 and analysts are saying that millions of customers could be affected. Adidas says its taking steps to alert consumers …

Adidas warns U.S. online shoppers to be on alert after data breachRead More

Retail stocks’ worst month ever, and chart analyst warns of more pain

Retail stocks are getting pummeled as the coronavirus outbreak worsens and swaths of the country enter a lockdown. The XRT retail ETF has fallen 33% in March, its worst month ever. Some of its components have performed even worse — Kohl’s, Macy’s, and Guess have all dropped by more than 60%. Ari Wald, head of …

Retail stocks’ worst month ever, and chart analyst warns of more painRead 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

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

WH Smith warns on profits as coronavirus empties airport shops | Business

WH Smith has become the latest company to issue a profit warning because of the coronavirus pandemic, which has led to a major drop in shoppers at its airport outlets. The books and stationery store chain flagged a “significant impact” on its shops at airports in the Asia Pacific region, which account for 5% of …

WH Smith warns on profits as coronavirus empties airport shops | BusinessRead More