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The British Retail Consortium has urged the government to ensure retail businesses can access government loans and grant schemes urgently, or risk becoming insolvent in a matter of weeks....
URBN, which operates Anthropologie and Urban Outfitters,is taking additional measures to protect itsfinancial position amid the Covid-19 outbreak, including borrowing$220m (£177m) to help protect its cash reserves....
Despite expecting Next to successfully navigate through coronavirus, credit rating agency Moodys has placed the retailer on review for downgrade due to uncertainty over how long stores will remain closed and how quickly consumer demand will recover....
Laura Ashley has made 268 employees redundant across its head office and back-office functions....
Monsoon Accessorize will be one of many retailers considering a sale as a result of the impact of Covid-19 coronavirus, say industry insiders....
Beales unsecured creditors, including suppliers, employees and landlords are owed around £17.6m, areport from administrator KPMG has shown....
The Oasis and Warehouse Group has informed suppliers that it will be delaying payment terms, in an attempt to protect the business during the coronavirus outbreak....