South African retailer Truworths said on Monday that its full-year profit was likely to fall by at least 30% and it was unlikely to pay a dividend, while all options were open for its British footwear business.
The CEO of Canadian e-commerce firm Shopify declared on Thursday the end of “office centricity” and decided to keep company offices closed till 2021, with most employees to work remotely on a permanent basis after that.
With retail going through a major transformation due to the coronavirus pandemic, a new report says that one key difference we’ll see going forward is the larger number of older people shopping online.
A UK court ruled in favour of French group Molly Bracken: it will be able to use the Gabrielle name for its plus-size womenswear line, after the appeal by luxury giant Chanel against Molly Bracken was dismissed.
There's speculation that a successful sale of Newcastle United football club for £300 million could release cash for Frasers Group boss Mike Ashley to invest into the retail business and to buy more distressed brands.
German monthly retail sales declined in March at their fastest rate since January 2007 as shops remained closed in a lockdown to slow the spread of the coronavirus in Europe's biggest economy, data showed on Thursday.
UK retail suffered historic sales falls during March with volumes down by 5.1% compared to February and down 5.7% by value, the largest fall since the Office for National Statistics started recording figures.