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BRC calls for urgent action' to save retailers

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....

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Anthropologie owner enters cash-preserving mode

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....

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Coronavirus: Moody's puts Next under review for downgrade

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....

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Head office redundancies at Laura Ashley

Laura Ashley has made 268 employees redundant across its head office and back-office functions....

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Monsoon Accessorize sale to be one of many'

Monsoon Accessorize will be one of many retailers considering a sale as a result of the impact of Covid-19 coronavirus, say industry insiders....

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Beales creditors owed 17.6m

Beales unsecured creditors, including suppliers, employees and landlords are owed around 17.6m, areport from administrator KPMG has shown....

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Oasis and Warehouse Group delays supplier payments

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....

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