Fevertree shares jump despite pubs being shut as locked down Brits snap up its drinks in convenience stores and supermarkets Sales in supermarkets and local stores pushed up sales as lockdown started But, company is being hit by the mass closure of pubs and restaurants AIM-listed group’s share price up over 13% in afternoon trading … Read more
Primark confirms furloughing of 68,000 staff as sales go from £650m a month to zero after retailer is forced to close all stores by virus lockdown 68,000 Primark workers across Europe have been furloughed Primark expects to take a £284million hit from unsold stock ABF is seeking to speak with landlords to get help with their … Read more
Uber is reviving its product delivery service that drops off goods from stores to customers in lockdown and lets users send items to people in the same area Uber has rolled out two new services called Direct and Connect Direct will deliver goods from stores to customers ASAP Connect allows users to send items to … Read more
Garden centres and DIY stores should the first businesses to reopen fully as the lockdown is relaxed, according to a panel of distinguished experts. Home improvement, decorating and gardening could help revive the economy and give families a much-needed boost as they emerge from the restrictions which have had a devastating financial impact, the Mail … Read more
Debenhams has confirmed the closure of seven stores with the loss of 422 jobs after it slid into administration last week. The department store firm said it has agreed terms with landlords to continue trading at 120 of its 142 UK stores. It is understood the group is in ongoing talks over the remaining stores … Read more