Hundreds of thousands of jobs in the retail sector are at risk of being lost amid the Covid-19 crisis, the British Retail Consortium has warned. Sales at shops across Britain fell to their lowest level on record last month, with worse figures yet to come, the BRC said. With ‘non-essential’ bricks-and-mortar shops shut up and … Read more
FTSE CLOSE: Aviva to axe 1,800 jobs; Ford to close Bridgend plant; Fiat Chrysler walks away from Renault merger Insurance giant Aviva to cut 1,800 jobs in a bid to save £300million Fiat Chrysler has shelved its ambitions to merge with Renault Sales at fashion firm Joules rose 17% to £218million in its last full … Read more
Retail chiefs say billions of pounds worth of clothing is being prepared for huge ‘liquidation sale’ By Neil Craven, Financial Mail on Sunday Published: 21:56 BST, 4 April 2020 | Updated: 23:10 BST, 4 April 2020 Billions of pounds worth of clothing is being prepared for a huge ‘liquidation sale’, retail chiefs have told The … Read more
The pound dropped today after the latest survey figures on the economy revealed the devastation wreaked on the country’s service and retail sectors by coronavirus disruption. The service sector – which incorporates businesses like hotels, restaurants, bars, nightclubs, pubs and hairdressers – suffered the biggest drop in activity since records began in July 1996, the IHS … Read more
What is the coronavirus? A coronavirus is a type of virus which can cause illness in animals and people. Viruses break into cells inside their host and use them to reproduce itself and disrupt the body’s normal functions. Coronaviruses are named after the Latin word ‘corona’, which means crown, because they are encased by a … Read more
GameStop will close all retail locations during the coronavirus pandemic after widespread criticism of their earlier decision to try and keep stores open, arguing they provided ‘essential’ goods to telecommuters The video game retailer will close all of its retail locations across the US The decision reverse’s the company’s previous attempt to remain open by … Read more
Tim Cook says all Apple retail stores will temporarily close starting today, other than those in Greater China, in an attempt to slow the transmission of COVID-19. The coronavirus could make remote work the norm, what businesses need to know The coronavirus COVID-19 outbreak could be the catalyst for a dramatic increase in telecommuting. Enterprises … Read more