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Tuesday, March 31, 2020

CORONAVIRUS SECTOR NEWS

retailTRUST and the British Retail Consortium have joined forces to raise £10M

The retailTRUST and the British Retail Consortium have joined together to raise around £10M for the retail staff who are facing financial distress as a result of the coronavirus pandemic. The new campaign, titled ‘CaRe20 – Caring for Retail during Covid-19’ has been designed to offer financial, emotional, physical...
Superdrug

Superdrug to stay open amid coronavirus outbreak

The health and beauty retailer said customers are still relying on its shelves for essential items including baby milk, nappies, hand wash, sanitiser and general medicines. However the stores are operating on reduced hours of 10am to 5pm to ensure there is enough time for deep cleaning, and some...

Ted Baker announces Rachel Osborne as new CEO amid coronavirus crisis

The fashion retailer has promoted its chief financial officer Rachel Osborne as chief executive amid the coronavirus pandemic. This isn’t the only promotion Ted Baker has made. Non-executive director Jennifer Roebuck will be taking up the role of chief customer officer from April 1. “Rachel has...
Mike Ashley

Mike Ashley steps forward and apologises

The majority owner of Frasers Group Mike Ashley has apologised for “ill-judged and poorly timed” emails to the government and poor communication with employees and the public during the coronavirus pandemic. In an open letter, the majority owner of Frasers Group also confirmed he has offered the company’s “entire...

‘NHS Light It Blue’ – Wembley Park & Festival Place turn blue

Yesterday evening, as part of the nationwide ‘Light It Blue’ initiative, inspired by the ‘NHS Clap For Our Carers’ campaign, Wembley Park illuminated some of the area’s iconic landmarks, including The SSE Arena, Wembley and surrounding Arena Square, in blue lights. The lights represent Wembley Park’s immense thanks and gratitude to the...

NEXT staff to carry out online orders in stores

The fast fashion retailer Next is to offer staff a twenty per cent boost to their pay if they venture into work amid the pandemic and help with online orders. The pay boost might not prove enough for some staff as it defies official Government orders which states that...

Light At the End of the Tunnel

Impact of COVID-19 on the China Retail Market: The Chinese Government put Wuhan on lockdown on Jan 23 (Chinese New Year Holiday was Jan 24 – Jan 30 which got extended). Around the same time, most of the workers were required to stay at home, and most of the...

Jack Ma & Alibaba Foundations step up COVID-19 related aid, relief efforts

Jack Ma Foundation and Alibaba Foundation have stepped up efforts to support countries, communities and businesses impacted by COVID-19. Both foundations were already preparing a joint donation of 2 million masks, 150,000 test kits, 20,000 sets of protective gear and 20,000 face shields to Indonesia, Malaysia, the Philippines and Thailand....

Grocers leverage in-store tech during COVID-19

Supermarket chains are embracing their in-store technology to better serve shoppers during the spread of the coronavirus (COVID-19) pandemic.  Keeping employees and shoppers safe during this uncertain time is top of mind for all grocers. As a result, supermarkets are cutting store hours to give employees time to replenish...

When Covid-19 is gone, retail technology will make shopping more hygienic and convenient than ever before

As the impact of the Coronavirus crisis grows every day, the way in which Britain's shoppers are buying their produce has shifted dramatically. Visiting the shops less often, taking one's own bags, using contactless instead of cash and avoiding the checkouts are just some of the behaviours exhibited by customers across the country...

NEPI Rockcastle donates €150,000 to fight Covid-19

NEPI Rockcastle, a leading Central and Eastern European real estate investment group, has donated this month 150,000 EUR to the Red Cross international organization to support efforts to prevent the spread of COVID-19 epidemic. The money will be distributed according to current medical needs and will be used to...

Labtech offers help to Emergency Services for the vulnerable

LabTech has announced a series of initiatives to aid the emergency services and vulnerable during the coronavirus epidemic.  The measures, which are available immediately, include: Complimentary STAY apartments for NHS workers and their families, the elderly and people at high risk of eviction.  LabTech has apartments  to donate across...

Al-Futtaim to provide all mall tenants free occupancy for 3 months amid the coronavirus

Al-Futtaim Group, the UAE-based conglomerate has now pledged a Dhs100m fund to offer up to three months’ worth of rental relief to eligible tennants across its malls, it announced on Thursday, March 19. The move, which will help facilitate its retail tenants, is an effort to stem the fallout of the Covid-19...

Taubman Centers are to go dark for a while amid the coronavirus outbreak

Taubman Centers is going dark in response to COVID-19 with the exception of two outdoor centers. The Real Estate Investment Trust has stated that its malls will close today (March 19) and remain closed until March 29. “After numerous discussions with state and local officials, we will temporarily cease...

Pandora has now temporarily closed stores in Spain & Italy

Pandora has now temporarily closed down all of its stores in the US, Italy & also Spain amid extreme concern over the coronavirus (Covid19) and will keep people updated on the situation as it develops. The company released the following statement: “In these difficult times, Pandora is committed to...