News That Matters

Tag: stores

UK DIY sales soar but clothing stores fall behind

UK DIY sales soar but clothing stores fall behind

Business
British retail sales have continued to increase for the fourth consecutive month, boosted by spending on household goods and DIY, according to official figures.The Office for National Statistics (ONS) said retail sales volumes rose by 0.8% between July and August.Sales are now 4% higher than in February, when a pandemic was declared."Retail sales continued to grow, further surpassing their pre-pandemic level," the ONS said. "Sales of household goods thrived as the demand for home improvement continued and, despite a dip this month, online sales remained high," said Jonathan Athow, deputy national statistician for economic statistics at the ONS.Spending on household goods was particularly strong in August, with retailers r...
Fortnite sues Apple and Google after it is dropped from app stores

Fortnite sues Apple and Google after it is dropped from app stores

Technology
The developer of Fortnite has launched a lawsuit against Apple and Google after the tech firms dropped the game from their app stores.Epic Games said on Thursday it was introducing a direct payment plan, meaning it bypasses Apple and Google, which would usually take a cut of up to 30% from in-app purchases. Epic's move prompted Apple and Google to drop Fortnite from their app stores and to accuse the developer of breaching guidelines.Apple said Fortnite had been removed because Epic had launched the payment feature with the "express intent of violating the App Store guidelines".It added that the guidelines "create a level playing field for all developers and make the store safe for all users". ...
Apple closes stores in 4 states, again, as infections rise

Apple closes stores in 4 states, again, as infections rise

Technology
Apple is closing 11 stores in Arizona, Florida, North Carolina and South Carolina that it had reopening just a few weeks agoBy MICHAEL LIEDTKE AP Technology WriterJune 19, 2020, 7:40 PM4 min read4 min readShare to FacebookShare to TwitterEmail this articleSAN RAMON, Calif. -- Apple is closing 11 stores in Arizona, Florida, North Carolina and South Carolina that it had reopened just few weeks ago as coronavirus infections rates in some regions in the U.S. begin to rise. The decision announced Friday is another sign that the pandemic might prevent the economy from bouncing back as quickly as some states have been hoping. Those concerns sent stocks on Wall Street lower Friday. Arizona and Florida have both experienced rising incidents of new cases and rates of those testing positive...
Poundstretcher could close more than half its UK stores

Poundstretcher could close more than half its UK stores

Business
Poundstretcher is considering closing more than half of its UK stores as part of a survival plan.Up to 253 shops are at risk of closure if landlords do not agree to rent cuts or holidays, the discount retailer said.A spokesperson said that the talks form part of a wider restructuring plan aimed at "stemming losses" from underperforming stores.It employs 5,500 people across 450 shops, its warehouse and head office.Poundstretcher, which also owns the Bargain Buys chain, has launched a company voluntary arrangement (CVA), an insolvency process that allows companies to continue trading while pushing through closures and rent cuts. How coronavirus will change the way we all shop What shops are open? It will be overseen by the accountancy firm KPMG.Under the p...
Coronavirus: Debenhams to close five stores after lockdown ends

Coronavirus: Debenhams to close five stores after lockdown ends

Business
Debenhams has confirmed that another five stores will not be re-opening after lockdown restrictions are lifted. The department store chain has struck deals with landlords to keep most of its 142 stores open, after it fell into administration for the second time. But five more stores will not reopen when the government lifts coronavirus restrictions on non-essential shops.It's understood the retailer has been unable to agree new terms with shopping centre owner Hammerson.The Debenhams stores affected are in the Bullring in Birmingham, The Oracle in Reading, Centrale in Croydon, Highcross in Leicester, and Silverburn in Glasgow. The BBC understands that around 1,000 jobs will be affected, including concession staff. Debenhams said in a statement: "We can co...