Breaking news
Mike Ashley’s Frasers becomes latest retailer to warn on profits due to ‘significant disruption’ from coronavirus outbreak Frasers no longer expects profits to grow by the 5 to 15% in the year to April The retail group also dropped its forward guidance due to the uncertainty Last year Frasers made profits of £287.8million Coronavirus symptoms: … Read more
Ailing retailer Laura Ashley seeks further £15m rescue loan just weeks after emergency funding deal It was saved from collapse last month by £20m lifeline from US bank Wells Fargo It said it is ‘in advanced discussions with a third-party lender’ But there are fears of the impact of coronavirus By Daily Mail City & … Read more
Tesco delivery drivers have advised each other to take their employer to court if they have to deliver food to people who ‘they are aware of being in self-isolation’ at home due to the coronavirus. In a forum for Tesco employees, the drivers questioned whether or not it was a fair request to be asked … Read more
Rent-to-own retailer BrightHouse on brink after surge of mis-selling claims Accountancy firm Grant Thornton is on standby to handle a potential insolvency The collapse of BrightHouse would put 2,400 jobs at risk The firm offers rent-to-own deals on electrical goods to hard-up shoppers By Harriet Dennys For The Mail On Sunday Published: 22:20 GMT, 29 … Read more
Footwear retailer Shoe Zone warns another 100 stores will be axed if business rates are not overhauled Shoe Zone boss Anthony Smith said it may have to shut down 100 stores Shoe Zone shut down about 300 stores in the last ten years Business rates payments rose from 26% to 54% over the last decade … Read more
Games Workshop shares leap as the Dwarfs, Orcs and Elves retailer says its profits are set to surge Retailer expects sales for the six months to December to be at least £140m Nottingham-headquartered firm said profits for the period will be at least £55m Shares climbed 17 per cent to 5267p following the update on Friday … Read more