Struggling retailers can breathe a sigh of relief. The UK has extended the ban on commercial evictions until March 2022. That means the moratorium for business tenants won't now expire at the end of this month.
JD Williams’ claim against Allianz Insurance over PPI damages has hit problems. The insurance company has now pushed back against the N Brown-owned retailer, increasing its original claim by up to £36 million.
Chanel expects to be riding high again this year after a tough 2020, with sales forecast to rise in double-digits. That’s according to the company’s CFO on Tuesday after it released its pandemic-hit 2020 figures.
H&M Group’s net sales rose as much as 75% in local currencies during Q2 (the March to May period), although given the strengthening Swedish Krona, its revenues translated into ‘only’ a 62% rise on a total basis.
Boohoo’s trading update on Tuesday showed that the pureplay e-tailer continued to prosper in Q1, even after UK physical stores reopened in April, although there were challenges in some markets and margins were squeezed.