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Tag: stores

Boohoo pays £55m for Debenhams brand but stores are to shut

Boohoo pays £55m for Debenhams brand but stores are to shut

Business
Fashion retailer Boohoo has paid £55m to acquire the brand of collapsed rival Debenhams - with the intention of relaunching it online only.The cut-price deal for the brand name, intellectual property and customer lists will eventually result in the closure of Debenhams' 118 remaining stores as none of the sites are included in the sale. Administrators at FRP Advisory confirmed stores would, once allowed under COVID-19 restrictions, re-open only for the purpose of clearing stock - with a fire sale continuing online presently. Image: Boohoo has been among online-only retailers to have bolstered sales substantially during the pandemic It leaves more than 10,000 staff facing the prospect of redundancy, though it was hoped there would be s...
Covid-19: Shoppers return to stores under England’s new tier system

Covid-19: Shoppers return to stores under England’s new tier system

Health
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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...