H&M set to cancel furloughs for 2,500 at Stockholm headquarters
H&M , the world's second-biggest fashion retailer, said on Wednesday it expects the 2,500 furloughed staff at its headquarters in Stockholm to be able to return to work by July.
H&M , the world's second-biggest fashion retailer, said on Wednesday it expects the 2,500 furloughed staff at its headquarters in Stockholm to be able to return to work by July.
The project includes plans to add 330,000 sq ft to the shopping centre, creating restaurants, a cafe court, cinema and other leisure space.
The Reopening High Streets Safely Fund will be allocated to councils on a per capita basis to subsidise the introduction of a range of safety measures. The move aims to help get customers back to the shops.
Organisers of Harrogate Fashion Week announced this week that the trade show will be postponed to 23-24 August because of the coronavirus crisis and disruptions to the buying season.
The London-based luxury trainers retailer has raised £2.5 million from growth capital investor VGC Partners to further boost the business following a surge in online sales.
Boots has revealed it is using learnings from the past eight weeks to introduce new safe shopping measures at its stores, including upgraded PPE for staff, new social distancing guides and a digital beauty service.
UK property giant British Land said on Wednesday that it has collected less than half the rent due on its retail properties and that its retail portfolio’s valuation has fallen by more than 26%.
Ssupermarkets have come out as the retail winners from the coronavirus crisis. They’re now looking to the post-lockdown period and Morrisons will use the opportunity to boost sales of its Nutmeg fashion and home label.
Hammerson Chief Executive Officer David Atkins will step down, the shopping mall owner and operator said on Wednesday, as it faces a crisis spurred by coronavirus-induced shop closures and a collapse in rent.
Frasers Group finance chief Chris Wootton has slammed the UK government for its handling of the coronavirus crisis and store reopening plans from a business viewpoint as a two-week opening delay means more lost sales.
Nordic sporting goods retailer XXL is bringing back its furloughed employees in Norway and Finland as demand rebounds after the coronavirus downturn that began in March, the Oslo-listed company said on Tuesday.
Klepierre has re-opened 80% of its European malls and hopes to re-open 90% of them within 10 days, the company said on Tuesday, as global businesses slowly return to work after the coronavirus shutdown.
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