Новости за 20.03.2020

The size of the diminishing Jack Wills chain is being cut further as its owner Frasers Group takes the decision to close another five stores with immediate effect.

German Economy Minister Peter Altmaier wants to loosen anti-trust laws to allow greater cooperation between retail businesses in the fight against coronavirus, magazine Der Spiegel reported on Friday.

The French e-tailer is set to hold talks with employee representatives with a view to ensuring a minimal level of operations at its Quai30 warehouse, currently inactive following two potential Covid-19 cases.

Frasers Group is the latest UK retailer to issue a coronavirus statement and while it's shorter than some updates that other retailers have shared, it laid bare the uncertainty that the pandemic is causing at the moment.

Luxury London retailer Browns has collaborated with Hillary Taymour, the designer behind Collina Strada, for the second edition of its Conscious documentary series linked to the launch of its Conscious category.

British finance minister Rishi Sunak launched a gigantic stimulus package to stabilise Britain’s virus-hit economy on Friday, including the government paying the wages of workers up and down the country.

​Philip Green is trying to slash Arcadia’s rent bill in a bid to strengthen its cash position ahead of tough times in retail globally.

With footfall through railway stations plunging, Network Rail is cancelling rent payments for the retailers that have stores on the stations for the quarter ahead.

M&S's fashion business is suffering even though its grocery operation is seeing an uplift. It's now planning for a prolonged clothing downturn but said it has plenty of cash to see it through.