Struggling Laura Ashley was one of few retailers to have good news in its latest trading update on Monday. It said the six weeks to March 7 saw its total sales rising 27.7% year-on-year with gross profit rising 22.2%.
Steinhoff has postponed the flotation of its budget retailer Pepco due to volatility in global stock markets on the back of the coronavirus. But the delay is also linked to sick leave being taken by Pepco boss Andy Bond
Swiss firm Dufry is cutting jobs and guiding for a single-digit decrease in organic sales this year as the coronavirus pandemic that prompted U.S. President Donald Trump to ban air travel from Europe hits its business.
Malls giant Eurocommercial Properties unveiled its coronavirus strategy Thursday morning given the large number of Italian shopping centres it has. And that strategy focuses on delaying rent payments for some tenants.
Struggling malls giant Intu is thinking the unthinkable at the moment and when it delivered its 2019 results on Thursday, it also warned that it’s in danger of collapse, if it can’t raise further cash.
Giorgio Armani has decided to temporarily close down its luxury hotel, restaurants and all its boutiques in Milan, the company announced Tuesday evening, in reaction to the rapid spread of coronavirus in Italy.
Ikea on Tuesday started selling its products on Alibaba's Chinese e-commerce platform Tmall, the first time the world's biggest furniture retailer has sold through a third party in its 77-year history.
As more and more people travel by train, retail at railway stations is growing and this week, the UK's Network Rail said that it has seen a 4.48% growth in sales at Britain's biggest and busiest stations.
Times were hard at John Lewis last year with sales down and profits plunging. It has launched a strategic review and has urgent work to do, especially in its department stores, although fashion seems to still be strong.