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Tag: weather

Despite warm weather, Easter will be a wash out for retailers, says GlobalData

An Easter weekend with warm weather forecast would normally be a retailer’s dream but this year the COVID-19 lockdown measures in the UK will severely hinder Easter trading, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “Over three quarters of UK consumers made an Easter purchase in 2019 …

Despite warm weather, Easter will be a wash out for retailers, says GlobalDataRead More

Not all retailers will ‘weather’ coronavirus pandemic

Lululemon announced Thursday that it will be paying all its workers through June 1, whether or not its stores reopen before then, amid the coronavirus pandemic.  Lululemon also has paid all its April rent to landlords. A hotly debated topic in the industry has been which retailers and restaurants will not be able to send in …

Not all retailers will ‘weather’ coronavirus pandemicRead More

Retail stock winners — traders pick five names to weather the crisis

Retail stocks are among the biggest losers in this month’s market sell-off. The XRT retail ETF has fallen 25% in March, its worst month on record, with stocks such as Macy’s, Kohl’s, Guess and Nordstrom leading the decline. Wells Fargo turned bullish on one corner of the retail trade on Monday, upgrading Nike, Ulta Beauty, Canada …

Retail stock winners — traders pick five names to weather the crisisRead 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

My ‘weather resistant’ garden cupboard was damaged by wind | Money

I bought a supposedly weather resistant garden cupboard from Argos in January (for £100) and after less than five weeks the door broke in the wind. It was secured to a fence as recommended in the instructions and the doors held firmly with a reusable cable tie. Half of one of the front doors was …

My ‘weather resistant’ garden cupboard was damaged by wind | MoneyRead More

Perfect storm of bad weather and business rates fuels retail crisis | Business

The crisis on Britain’s high streets showed no sign of easing during the storm-buffeted month of February, while new figures show the number of retail workers losing their jobs this year is approaching 20,000. Severe rain last month caused a 7.8% fall in the number of people visiting high street stores in February, according to …

Perfect storm of bad weather and business rates fuels retail crisis | BusinessRead More

Boxing Day sales dip blamed on poor weather and Black Friday | Business

The Boxing Day sales were a damp squib for struggling high street retailers with the much smaller crowds blamed on a combination of bad weather and rival Black Friday discounts offered in November. Shoppers still started queueing before dawn outside shopping centres such as the Trafford Centre in Manchester and branches of high street chain …

Boxing Day sales dip blamed on poor weather and Black Friday | BusinessRead More

New Look blames poor sales on weak consumer spending and bad weather | Business

New Look has blamed a steep fall in sales on weak consumer spending and mild autumn weather, which knocked demand for its winter clothing ranges. The chief operating officer, Nigel Oddy, said the 7.4% drop in first-half like-for-like sales reflected ongoing consumer uncertainty and seasonal volatility. Sales picked up over the summer months but fell …

New Look blames poor sales on weak consumer spending and bad weather | BusinessRead More

AccuWeather: Holiday weather outlook looks good for retailers

The weather is not expected to play all that big a role in holiday sales this year.   That’s according to a forecast by AccuWeather, whose meteorologists are forecasting no major snowstorms for major cities in the Northeast corridor and for temperatures to be higher than last year from Thanksgiving to Christmas in Eastern cities, …

AccuWeather: Holiday weather outlook looks good for retailersRead More