Debenhams mulling even more store closures - report
There’s speculation that Debenhams could be thinking of adding more stores to its list of closures and possibly entering another company voluntary arrangement.
There’s speculation that Debenhams could be thinking of adding more stores to its list of closures and possibly entering another company voluntary arrangement.
Frasers Group, the owner of Sports Direct, Flannels, Jack Wills and House of Fraser, has said that its executive team will take lower salaries during the coronavirus crisis.
AS Watson-owned UK fragrance retailer The Perfume Shop has become the latest major name to shut its online operations on the back of the coronavirus crisis.
Poundland, the chain that sells the Pep&Co clothing brand, is closing around 100 of its stores temporarily with 32 of them on the initial closure list.
Laura Ashley’s administrators have made 268 head office and back office staff redundant with the remaining store staff now on furlough as all of its shops are currently shut.
LPP will cut pay for its management board members to a symbolic one zloty ($0.2406) in a move seen as a solidarity gesture with employees facing layoffs caused by the crisis triggered by the coronavirus pandemic.
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