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List of UK retailers’ trading status from Coronavirus (COVID-19)

What UK retailers are open, closed, online only or have ceased trading

Which UK retailers are open, closed, online only or partially open from COVID-19

Retail Economics provides updates on major UK retailers and their trading status in response to coronavirus (COVID-19).

  • Table information can be sorted, use arrows at top of columns
  • View additional information for some retailers by clicking on “See comments” in the comments column.
  • Table data is downloadable in .csv format by clicking the button under the table
Names Sector Job losses Store Closures Administration Comments Last Updated
Zara (Inditex)Apparel1,200 jobs global See comments 10/06/2020
John Lewis (John Lewis Partnership)Multi-category1,300 jobs affected8 stores to close See comments 09/07/2020
Waitrose (John Lewis Partnership)Food and Grocery1,300 jobs at risk8 stores See comments 09/07/2020
The Very GroupApparel141 jobs See comments 24/06/2020
OasisApparel2,300 jobs92 storesAdministration See comments 16/06/2020
WickesDIY and Gardening2,500 jobs See comments 15/06/2020
River IslandApparel250 jobs See comments 07/07/2020
Dixons CarphoneElectricals3,000 jobs530 stores See comments 17/03/2020
Boots (Walgreens Boots Alliance)Health and Beauty4,000 jobs affected48 stores See comments 09/07/2020
White StuffApparel400 jobs See comments 21/07/2020
SelfridgesMulti-category450 jobs See comments 28/07/2020
BurberryApparel500 globally See comments 15/07/2020
Ted BakerApparel500 jobs See comments 21/07/2020
Topshop (Arcadia Group)Apparel500 jobs See comments 13/07/2020
MonsoonApparel545 jobs35 storesAdministration See comments 10/06/2020
TM LewinApparel600 jobs65 storesAdministration See comments 30/06/2020
HarrodsMulti-category680 jobs See comments 01/07/2020
Cath KidstonMulti-category740 jobs60 storesAdministration See comments 21/04/2020
ClarksApparel900 jobs at risk over the next 18 months See comments 06/04/2020
QuizApparel93 jobs See comments 13/07/2020
Marks & SpencerMulti-category950 jobs at risk See comments 13/07/2020
H&MApparel170 stores globally See comments 08/07/2020
Shoe ZoneApparel20 stores See comments 23/06/2020
DebenhamsMulti-category22 storesAdministration See comments 13/07/2020
HalfordsOther Non-Food60 stores could close See comments 13/07/2020
Laura AshleyApparel70 storesAdministration See comments 17/03/2020
Go Outdoors (JD Sports)Other Non-FoodAdministration See comments 24/06/2020
Oak Furniture LandHome and Furniture and FlooringAdministration See comments 13/07/2020
WHSmithOther Non-Food1500 jobs at risk See comments 05/08/2020
Source: Retail Economics, Company Websites, Trading updates DOWNLOAD TABLE .CSV

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Comments and trading updates for major UK retailers from coronavirus (COVID-19)

Retail Economics provides a selection of trading updates and additional information for various major UK retailers to assist the UK retail and leisure industry (and retail-related businesses) in response to the COVID-19 crisis.

Aldi

Aldi trading updates and comments:

Last updated: 30/07/20

· Aldi is set to create more than 1,200 new jobs by Christmas as it aims to open one store per week on average this year.

· 12/06/20: Aldi extended its trial with Deliveroo into London, less than a month after its pilot in the Midlands, as it aims to offer the service across the UK by the end of the year. Shoppers can order from a range of 200 products through the delivery provider’s app for home delivery in as little as 30 minutes.

· 18/05/20: Aldi has partnered with Deliveroo to pilot a grocery home delivery service, offering 150 products including bread, milk, fruit and vegetables, which will be picked by the grocer’s staff in stores.

· 09/04/20: Aldi became the first supermarket to introduce buying limits on all product lines, to four items per person per SKU.           

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All Saints

All Saints trading updates and comments:

Last updated: 07/07/20

· All Saints gained creditor backing for its CVA, with the majority of its store estate moving to turnover-based rents and a small number of closures.

· 18/06/20: All Saints launches a CVA as it looks to move the majority of its stores to turnover-based rent.

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Amazon

Amazon trading updates and comments:

Last updated: 31/07/20

· Amazon reported a net income of $5.6bn (£4.3bn) in its second quarter to 30 June, more than doubling on the $2.6bn last year. Net sales jumped 40% to $88.9bn (£67.7bn) in the period, driven by third-party sellers and grocery sales, which tripled year-on-year.

· 31/07/20: In the quarter, Amazon ramped up its grocery delivery capacity 160% and tripled its number of grocery pick up locations.

· 28/07/20: Amazon has launched free two-hour window grocery deliveries for its Prime members, on all Amazon Fresh orders over £40.

· 03/07/20: Amazon is reportedly delaying its Prime Day discount event until October, due to pressure on its supply chain amid coronavirus disruption.

· 24/06/20: Amazon has launched an accelerator programme and bootcamp for small businesses in response to Covid-19. The accelerator course comprises free online training, discounts on business supplies and PPE, as well as training for Amazon Web Services. The bootcamp provides businesses without online operations a week programme on how to operate online.

· 24/06/20: The Competition and Markets Authority has cleared Amazon’s 16% stake in Deliveroo.

· 11/05/20: Morrisons are using partnerships with Amazon to offer new online services. Morrisons said 40 of its stores are fulfilling same-day deliveries through Prime Now.

· 05/05/20: Amazon executive Tim Bray made headlines for leaving his role in protest of the retailer’s treatment of staff who protested against a lack of coronavirus safety measures in its warehouses.

· 01/05/20: In its first quarter trading update, Amazon warned that earnings in its second quarter will be wiped out by costs related to coronavirus, including personal protective equipment, cleaning of warehouses, higher wages, social distancing processes and its own development of coronavirus testing facilities.

· 24/04/20: Amazon has donated £250,000 to The Book Trade Charity fund, set up to help its physical bookshop rivals.

· 21/04/20:By the end of the year, Amazon is planning to launch a rapid grocery delivery service called Ultra Fast Fresh, covering some 40% of UK households.

· 09/04/20: In mid-March, Amazon announced it is to hire 100,000 new workers globally to meet coronavirus-induced demand. It unveiled that pay for staff in the UK, USA and Europe would increase by £2, $2 and €2 respectively.     

· On 13 April, Amazon announced it is to take on another 75,000 new staff and will not accept orders from new online grocery customers in the US.

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Ann Summers

Ann Summers trading updates and comments:

No comments

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AO.com

AO.com trading updates and comments:

Last updated: 03/08/20

· AO.com is to recruit 250 new employees at its Crewe logistics hub, as well as add 225,000 sq feet of warehouse space, including a new 115,000 sq ft warehouse in Stafford opening this month.

· 21/07/20: AO.com has launched a share incentive scheme that could see staff rewarded up to £240m in bonuses.

· 14/07/20: AO.com recorded a 54% increase in profit to £19.6m in the year to end-March, with sales up by 16% to £1.04bn, as customers bought fridges, freezers and home working equipment in preparation for lockdown.

· 12/05/20: AO said it expects sales and profits for the financial year to be in line with analyst expectations, as “shopping online has become an unavoidable way of life” with customers “relying on electrical and electronic products like never before”.

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Apple

Apple trading updates and comments:

Last updated: 03/08/20

· Apple is looking to slash its store rents across its 38 UK stores, by as much as 50% and a rent-free period in exchange for extended leases.

· 18/05/20: Apple has laid out a plan for when stores reopen. As well as giving shoppers “lots of room”, its Genius Bar-style service will be offered throughout the store, while face masks will be worn by staff and given to shoppers who don’t have their own.

· 01/05/20: In a first quarter update, Apple said it has seen an “uptick” in the second half of April from sales of its new iPhone SE, Airpods headphones, and updates for the iPad tablet and MacBook Air. This follows a “sharp decline” in worldwide demand in March.

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Argos (Sainsbury's)

Argos Sainsbury's trading updates and comments:

Last updated: 30/07/20

· Argos has announced plans to stop printing its infamous catalogue after 47 years, signalling its firm commitment online.

· 01/07/20: Sainsbury’s total grocery sales increased by 10.5%, while general merchandise increased 7.2%, supported by a 10.7% uplift in Argos sales. Clothing sales dived 26.7% in the period.

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Asda

Asda trading updates and comments:

Last updated: 21/07/20

· Walmart has put Asda up for sale again, restarting discussions with potential buyers that were put on hold because of the coronavirus outbreak.

· 08/07/20: Asda has partnered with Uber Eats to trial a 30 minute home delivery service from two stores in Leeds and Birmingham.

· 19/05/20: In a first quarter update, parent Walmart said that although the number of transactions in Asda fell by 3.4% in the three months to 31 March, Asda’s average basket value grew by 6.9% year-on-year.

· 07/05/20: Asda launched an electric vehicle fleet from 48 stores to increase its online delivery capacity during the pandemic, while also playing a role in the grocer’s target to halve carbon emissions across its estate by 2025.

· 20/04/20: Asda has reportedly cancelled clothing orders and offered suppliers 30% of an order’s value as a “gesture of goodwill”, rising to 50% for already completed orders.

· 09/04/20: Asda restricted early shopping in stores to the elderly and vulnerable until 9am.        

· Asda’s 255 in-store pharmacies are offering free prescription deliveries to help customers less able to get to shops.     

· Asda has launched pre-payment cards to help older, vulnerable and self-isolating customers pay for shopping picked up by volunteers. The cards can be bought online and volunteers will receive an email barcode that can be used to pay for the shopping in-store.          

· Walmart has paused efforts to sell a majority stake in Asda during the coronavirus outbreak.    

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Asos

Asos trading updates and comments:

Last updated: 12/08/20

· ASOS announced that their revenue and profit will be higher than expected. revenue growth is now expected to be between 17% and 19% year-on-year with profit before tax set to be in the region of £130 million-£150 million.

· 07/08/20: Online-retail giant Asos published four new supply chain commitments required of third-party brands in the wake of the Leicester sweatshop scandal that engulfed the UK fashion industry.

· 23/07/20: Asos put around 500 day shift roles at its customer care centre in Leavesden into consultation.

· 15/07/20: Asos reported a 10% increase in group sales to £1bn in the four months to 30 June, driven by a 22% rise in sales across the EU while UK sales dipped 1%. Asos saw a 16% rise in its active customer base on the back of lockdown.

· 15/07/20: Asos vowed to repay all money previously claimed via the furlough scheme to the UK government as its employees return to work.

· On 8 April, Asos said sales dived between 20% and 25% in the last three weeks, with its £200m equity plan and increased credit facility set to help it “weather no improvement in current trading for at least 18 months”

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B&M

B&M trading updates and comments:

Last updated: 11/06/20

· In its full year update, value retailer B&M said that trading since its March year-end has been “strong”. Although the pandemic has slowed its rate of store openings, the retailer’s ambition to operate 950 UK stores remains unchanged.

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B&Q (Kingfisher)

B&Q (Kingfisher) trading updates and comments:

Last updated: 22/07/20

· B&Q and Screwfix parent Kingfisher said group like-for-like sales climbed 22% in its second quarter to 18 July, as digital sales trebled and stores reopened from mid-April across the UK and France. Group ecommerce sales surged 202% and 225% respectively in May and June. Kingfisher expects interim profits to come in ahead of last year.

· 17/06/20: B&Q’s parent Kingfisher reported like-for-like sales dipped 24.8% year-on-year in Q1 due to coronavirus disruption across its store estate – but Q2 like-for-likes rose by 21.8%, driven by online. The group said it has “significant liquidity headroom” including £2bn of cash.

· 17/06/20: The group launched a new ‘Powered by Kingfisher’ strategy to “become a more digital and service orientated company, using our strong store assets as a platform”.

· 12/05/20: B&Q and Screwfix parent Kingfisher said group sales fell 24% in the three months to 30 April, impacted by store closures in the UK and France. B&Q sales declined by 22.1% to £663m in the period, while. Screwfix reported 0.1% sales dip to £432m. Kingfisher said more than 95% of stores “are currently either open and/or offering a contactless click-and-collect service”.

· 23/04/20: After a successful trial of social distancing measures at 14 stores over the weekend, B&Q reopened 61 outlets yesterday (22 April) and a further 80 today bringing the total number opened to 155.

· 20/04/20: Following the closure of all of its stores, essential retailer B&Q has reopened 14 stores, trialling social distancing measures including two-metre floor-markers and perspex screens at checkouts.

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Bathstore.com (Homebase)

Bathstore.com (Homebase) trading updates and comments:

No comments

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Better Bathrooms

Better Bathrooms trading updates and comments:

No comments

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Birchbox

Birchbox trading updates and comments:

No comments

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Boden

Boden trading updates and comments:

No comments

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Boohoo.com

Boohoo.com trading updates and comments:

Last updated: 08/07/20

· In a City update, Boohoo announced an independent review into its UK supply chain and pledges £10m to “eradicate supply chain malpractice”. It will update the market on the review at its half-year results in September.

· 06/07/20: Boohoo faces modern slavery allegations, with claims of workers in Leicester being paid as little as £3.50 per hour.

· 17/06/20: Boohoo reported revenue jumped 45% to £368m in its first quarter to end-May. The fashion pureplay expects full-year revenue to be up by 25% and adjusted EBITDA margin of between 9.5% and 10%.

· 17/06/20: Boohoo has acquired the intellectual property of Oasis and Warehouse in a £5.2m deal from Hilco, as part of its plan to capitalise M&A opportunities. Boohoo bought its former stablemates Karen Millen and Coast last year.

· 28/05/20: Boohoo has acquired the remaining stake in PrettyLittleThing, made for an initial consideration of £269.8m. Boohoo reiterated the acquisition enables growth “whilst retaining a strong balance sheet in order to take advantage of numerous M&A opportunities that are likely to emerge in the global fashion industry over the coming months”.

· 15/05/20: Boohoo raised £198m through a share pricing, as it looks at more mergers and acquisitions.

· 22/04/20: In its full year update, Boohoo said its trading has been “mixed” since the coronavirus outbreak in the UK, with “a marked decrease” in sales in mid-March. However, it said its “performance has improved in more recent weeks and we are now seeing improved year-on-year growth of group sales during April”, but could not provide guidance for 2020/21.

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Booths

Booths trading updates and comments:

Last updated: 16/06/20

· Booths has also joined forces with Deliveroo, offering 300 products from its Salford Media City store for home delivery in 30 minutes or less. Hot food including pizzas, pies and burgers will be available from 23 June, with plans to roll out the service to five more stores in early July.

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Boots (Walgreens Boots Alliance)

Boots trading updates and comments:

Last updated: 09/07/20

· Boots is slashing 4,000 jobs and closing 48 Boots Opticians stores as it accelerates its restructure amid the pandemic. It followed a 48% year-on-year drop in like-for-like sales in its third quarter, with sales at Boots Opticians down by 72%. Boots’ online sales jumped 78% during lockdown.

· 30/06/20: Walgreens Boots Alliance has stepped up its technology tie-up with Microsoft and Adobe as it looks to drive personalisation. Advantage Card holders will be served online offers on products bought in-store when they are due to run out it, as well as sent push notifications on the loyalty card app when they are near a store that has the item in stock.

· 28/05/20: Boots is using digital innovation to reopen its in-store beauty counters on 15 June and launch its latest No.7 product. Shoppers buying the new No.7 product via the Boots app will have their loyalty points doubled for their purchase. It will offer shoppers 15-20 minutes video consultations with No. 7 advisers. Boots will also have social distancing wardens to patrol stores, a queuing system, floor markings and PPE for staff.

· 28/05/20: Boots’ online sales have reportedly nearly doubled since the pandemic, with searches for skincare up by 140% year-on-year.

· 22/04/20: Boots has hired 500 additional delivery drivers across the UK and has introduced prescription delivery to another 40 of its stores to help cope with greater demand since Covid-19.

· 09/04/20: Boots has temporarily shut 60 stores in areas where they have more than one store in close proximity to one another.

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Boux Avenue

Boux Avenue trading updates and comments:

No comments

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Bravissimo

Bravissimo trading updates and comments:

No comments

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Burberry

Burberry trading updates and comments:

Last updated: 15/07/20

· Burberry announced that 150 UK office jobs were at risk as it sought to cut costs, and a further 350 overseas, as its first quarter sales declined 41%, which eased to -20% in June as lockdown measures around the world eased. Burberry expects sales in the second quarter to be down between 15% and 20%.

· 22/05/20: Burberry has not been able to provide financial guidance for the current year and warned: “As government restrictions ease across the globe, consumers in different markets are likely to respond in distinct ways, with the travelling consumer likely to take longer to return. As a result, it could take some time for the luxury industry to recover to pre-crisis levels.”

· 09/04/20: On 19 March, Burberry announced like-for-like sales across its stores have nosedived between 40% and 50% over the past six weeks, and expects like for likes to tumble as much as 80% year on year during travel restrictions.

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Card Factory

Card Factory trading updates and comments:

Last updated: 28/07/20

· Card Factory revealed that like-for-like sales since reopening were down 22% year-on-year, ahead of its forecast drop of 50% during the first month of reopening. It noted average spend had jumped 25%, although the number of transactions had fallen on 2019.

· 28/07/20: Card Factory has seen like for likes sales online rise by 69% across Cardfactory.co.uk and Gettingpersonal.co.uk since the end of January. However, it expects overall revenue to be around half the level of last year’s in its half year to 31 July.

· 02/06/20: Card Factory is set to reopen 10% of its stores on 15 June as a test under “Covid-secure” conditions. The retailer plans to reopen further stores “subject to early learnings”. The first wave of reopenings will be predominantly in retail parks and high streets in the north east and north west that had good footfall ahead of lockdown. Safety measures include sneeze screens, a customer host at the door, hand sanitiser and a one-way system around store.

· 02/06/20: Card Factory’s online sales were up 153% year-on-year at the start of June and have more than trebled since lockdown began. However, it is unable to give financial guidance for the year.

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Carpetright

Carpetright trading updates and comments:

No comments

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Cath Kidston

Cath Kidston trading updates and comments:

Last updated: 21/04/20

· CK Acquisitions has bought the Cath Kidston brand, ecommerce platform and wholesale business from administrators. The retailer’s UK shops are under management of administrator Alvarez & Marsal and are likely to be closed with the loss of 740 jobs.

· 09/04/20: Cath Kidston has appointed Alvarez & Marsal as it prepares for administration.

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Charles Tyrwhitt

Charles Tyrwhitt trading updates and comments:

No comments

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Claire's

Claire's trading updates and comments:

No comments

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Clarks

Clarks trading updates and comments:

Last updated: 13/07/20

· OpCapita and buyout firm Sycamore Partners are reportedly in talks with Clarks to inject cash into the retailer.

· 21/05/20: Clarks is to cut 900 jobs globally over the next 18 months, but create 200 new roles, as it sets out a new strategy to focus on its heritage and sustainability. This follows the retailer consulting with financial advisers to address liquidity issues amid the coronavirus outbreak.

· 09/04/20: Clarks has appointed Rothschild bank to explore options for the business, including access to new borrowing facilities, as it mulls permanently closing up to 10 stores with leases due to expire in May.

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Debenhams

Debenhams trading updates and comments:

Last updated: 11/08/20

· Debenhams is axing 2,500 staff across its stores and warehouses as the business grapples to reduce its cost base.

· 27/07/20: Debenhams is reportedly raising a ‘for sale’ sign, with City bank Lazard poised to be appointed to oversee the sale process.

· 09/06/20: Debenhams is to close a further three stores, after failing to agree terms with landlord Intu.

· 05/06/20: Debenhams confirms it will reopen 50 stores across England on 15 June, with the rest of its portfolio opening later in the week (excluding Scotland and Wales). Stores in Northern Ireland will open earlier on 8 June.

· 28/05/20: Debenhams is cutting an undisclosed number of head office jobs amid its turnaround. It plans to reopen 90 stores in the week of 15 June and has re-secured two key locations – Birmingham’s Bullring and Glasgow’s Silverburn – that it previously faced losing to Next, which Debenhams had not agreed to.

· 07/05/20: Debenhams is to shut five stores in Hammerson centres, after failing to agree on terms with the landlord. The closures are likely to result in around 1,400 job losses.

· 20/04/20: 10 Debenhams stores will not reopen, including their flagship store in White City, London. 

· Debenhams has liquidated its Irish arm and appointed administrators FRP Advisory.

· Debenhams filed for administration on 09/04/20

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DFS

DFS trading updates and comments:

Last updated: 14/07/20

· DFS sales dropped dropped 27% year-on-year to £725m in the year to 28 June, despite online orders surging 77% year-on-year between 23 March and 12 July.

· 14/07/20: DFS said that sales following the reopening of stores were up 69% year-on-year in the period from 1 June to 12 July.

· 21/05/20: Both Furniture Village and DFS are planning to reopen stores in time for the bank holiday weekend, after the government included homewares retailers in its guidance of what an ‘essential’ retailer – an update from its previous definition of essential ‘home and hardware’ stores.

· 23/04/20: DFS raised £64m in an equity fundraising round and received credit approval for a new 12-month bank facility of £70m from its existing lending banks. The retailer said this gives it enough “liquidity headroom through a pessimistic scenario of a lockdown to December 2020, followed by a historically weak sofa market”.

· 20/04/20: DFS is in “advanced stages” with lenders to extend its existing £250m debt facility by an additional £60m to £70m. It is also mulling an equity issue of up to 19.9% of its existing capital to provide “resilience for a continued disrupted trading environment” and has reduced its cash outflow.

· 20/04/20: In a trading update, DFS said online gross sales increased by 20.2% between 25 March and 17 April.

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Dixons Carphone

Dixons Carphone trading updates and comments:

Last updated: 04/08/20

· Dixons Carphone is to axe 800 jobs as it consults with 1,800 staff, as it overhauls store roles.

· 15/07/20: Dixons Carphone saw a 51% drop in adjusted pre-tax profit to £166m in the year to 2 May. Online sales jumped 166% during April as the UK entered lockdown, but profitability came under pressure from store closures and coronavirus-related costs.

· 15/07/20: Dixons warned that Covid-19 has made a “significant impact” with “wide-ranging repercussions of the crisis will be felt for many years” likely to hinder consumer spending.

· 29/04/20: In a trading update, Dixons Carphone said that in the five weeks to 25 April its online channels had seen sales rise by 166%, compared to 23% in the 11 weeks to 21 March. The electricals retailer said online sales in the UK and Ireland have recovered around two-thirds of sales lost to store closures.

· 29/04/20: Dixons Carphone also said it had extended its debt facilities by £266m, giving access to over £1.3bn in borrowing.

· 09/04/20: UK online sales increased 72% in the three weeks to 21 March as preparations were made for working from home as well as home-schooling.

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Dreams

Dreams trading updates and comments:

Last updated: 09/04/20

· Dreams chief marketing officer Tony Holdway and retail director Paul Owen depart, slimming down the board to five people. The retailer said the departures reflect ongoing changes in the retail industry, such as the shift to digital, which are being accelerated by the coronavirus.

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Dune

Dune trading updates and comments:

No comments

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Dunelm

Dunelm trading updates and comments:

Last updated: 15/07/20

· Dunelm sales declined 29% in its fourth quarter to 27 June, despite online sales up by 85% as store like-for-likes plunged 50%. Its suppliers’ direct-to-consumer capabilities are running at four times pre-Covid levels in order to meet increased online demand.

· 08/06/20: Dunelm has reopened its UK store estate and launched a new Edit fascia in Crawley, West Sussex, which features products that are most popular in the local area. The store features an augmented reality display to allow shoppers to see the full Dunelm catalogue and visualise products in homes.

· 16/04/20: Dunelm reopened its online business having previously shut it alongside its stores when the country first went into lockdown. Dunelm reported that since its website’s reopening order levels have been “significantly higher than those seen prior to the onset of coronavirus.”

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eBay

eBay trading updates and comments:

Last updated: 29/07/20

· The number of new businesses joining eBay tripled in its second quarter, up by 256% year-on-year. eBay’s global revenue rose by 21% to $2.9bn (£2.2bn) on a foreign exchange neutral basis in the quarter to end-June.

· 23/04/20: eBay is working with teams across the NHS supply chain, the Department of Health & Social Care and the Army to build a dedicated portal on its website, from which UK healthcare workers across the UK can order personal protective equipment.

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Evans Cycles (Frasers Group)

Evan Cycles trading updates and comments:

Last updated: 05/08/20

· Frasers Group unveiled plans to open a 90,000 sq ft flagship store in Leicester’s Fosse Park, to combine its Flannels, Sports Direct, Evans Cycles and Game fascias and create 200 jobs.

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Eve Sleep

Eve Sleep trading updates and comments:

Last updated: 22/07/20

· Eve Sleep cut its underlying EBITDA losses sales by 80% to £1.2m in the six months to 30 June, as sales were ahead of expectations in May and June. This came despite sales dipping by 5.1% year-on-year to £12.2m. The mattress specialist said momentum had continued into July as it benefits from a “strong” homewares market.

· 09/04/20: On 24 March, Eve Sleep warned it expects “subdued demand” to persist during the virus outbreak.

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Farfetch

Farfetch trading updates and comments:

No comments

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Fat Face

Fat Face trading updates and comments:

No comments

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FeelUnique

FeelUnique trading updates and comments:

No comments

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Fenwick

Fenwick trading updates and comments:

Last updated: 15/04/20

· Fenwick reopened its online channel (15 April) with a limited offer having previously closed its website to protect the well-being of its employees.

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Flying Tiger Copenhagen

Flying TIger Copenhagen trading updates and comments:

No comments

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Footasylum

Footasylum trading updates and comments:

No comments

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Fortnum & Mason

Fortnum & Mason trading updates and comments:

Last updated: 21/05/20

· Fortnum & Mason opened its main food halls today. The retailer is planning to open the first floor of its Piccadilly flagship on 28 May, and the second and third floors from the start of June.

· 09/04/20: Fortnum & Mason's London Piccadilly food hall remains open.

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French Connection

French Connection trading updates and comments:

Last updated: 24/07/20

· French Connection has secured a £15m working capital facility with turnaround firm Hilco as it battles coronavirus disruptions. The retailer says sales have been low in reopened store, although conversion is up and sales volumes are said to be growing week-on-week.

· 19/05/20: French Connection warned that without urgent funding, its “cash resources will eventually be eroded in the coming months” if current trading levels continue. The retailer has been unable to access government loan schemes.

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Furniture Village

Furniture Village trading updates and comments:

Last updated: 21/05/20

· Both Furniture Village and DFS are planning to reopen stores in time for the bank holiday weekend, after the government included homewares retailers in its guidance of what an ‘essential’ retailer – an update from its previous definition of essential ‘home and hardware’ stores.

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Game (Frasers Group)

Game trading updates and comments:

Last updated: 05/08/20

· Frasers Group unveiled plans to open a 90,000 sq ft flagship store in Leicester’s Fosse Park, to combine its Flannels, Sports Direct, Evans Cycles and Game fascias and create 200 jobs.

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Gap

Gap trading updates and comments:

No comments

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Go Outdoors (JD Sports)

Go Outdoors trading updates and comments:

Last updated: 24/06/20

· JD Sports bought its subsidiary Go Outdoors back for £56.5m, following its collapse into administration two days earlier. The group said the main reason for the administration was to secure better rents with landlords, as leases were “extremely inflexible” with upward-only rent reviews.

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Gymshark

Gym Shark trading updates and comments:

No comments

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H&M

H&M trading updates and comments:

Last updated: 26/06/20

· H&M’s group sales decreased 23% to SEK 83.6m during its first half to 31 May, while profits dropped by over SEK 3m. It now plans for further net store closures, anticipating around 170 closures and 130 openings during its full year.

· 26/06/20: H&M chief executive Helena Helmersson said: “During the pandemic it became clear how important it is that the digital and physical channels interact to meet customers’ needs.”

· 15/06/20: H&M sales halved year-on-year to SEK28.7bn (£2.45bn) in its quarter to end-May, as it faced having to close 80% of its global stores during the coronavirus outbreak. However, H&M said online sales grew by 32% in local currencies during the period.

· 15/06/20: H&M also reported that declines had softened during the first two weeks of June as international stores begin to open, with sales down 30% year-on-year.

· 07/05/20: H&M also reported that declines had softened during the first two weeks of June as international stores begin to open, with sales down 30% year-on-year.

· 09/04/20: H&M chief executive Helena Helmersson reports it is taking “forceful measures” after its sales almost halved in March because of the closure of stores worldwide. Helmersson believes: “We do think that the crisis in general will lead to a fast shift towards digital… We need to be ready for that and accelerate some parts of our work.”              

· H&M has asked landlord to agree terms that could see it break a store lease with one month’s notice if stores do not see a return in turnovers to pre-coronavirus levels once the pandemic passes. It has also asked for rent-free periods on current base rents, a reduction in service charges to reflect footfall declines, and a change to paying rents monthly in arrears        

· On 17 March, H&M revealed sales in China declined 24% during its latest quarter, but had begun to recover.      

· H&M has geared its supply chain to produce protective personal equipment for frontline medical staff.

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Halfords

Halfords trading updates and comments:

Last updated: 14/07/20

· Halfords is set to accelerate its store closures with 60 earmarked to close across its retail and autocentre divisions. It is renegotiating leases elsewhere.

· 07/07/20: Halfords announced its like-for-like sales dropped by 6.5% in its first quarter to 3 July, with online sales up 200% year-on-year. Like-for-like cycling sales surged 57%, boosted by the avoidance of public transport, favourable weather and adoption of cycling as a health and leisure activity.

· 06/05/20: In a City update, Halfords group like-for-like sales for the four weeks to 1 May were 23% down on a year earlier, but “better than we initially anticipated” as cycling received a boost from shoppers exporting alternatives to public transport and staying healthy. However, its motoring arm showed “overall weakness” due to a drop in car journeys in lockdown. The retailer expects its pre-tax profit to be at the upper end of its guided range of £50m to £55m for 2019/20.

· 06/05/20: Halfords reportedly has £159m of total liquidity, including overdraft facilities. The retailer is looking to preserve cash as it looks towards the next phase of easing the lockdown.

· 04/05/20: On 4 May, Halfords reopened 40 stores which it had initially closed to ensure the safety of its colleagues and customers.  

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Hamleys

Hamleys trading updates and comments:

No comments

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Harrods

Harrods trading updates and comments:

Last updated: 01/07/20

· Harrods plans to cut 680 jobs due to “the challenge of lockdown”, including social distancing and lack of tourists.

· 28/05/20: Harrods is to open a two-storey outlet store at Westfield London to shift excess seasonal stock unsold due to the pandemic

· 04/05/20: Harrods is launching ‘remove clienteling’, which offers personal shopping for some of its most valuable customers over the phone and by smartphone messaging.

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Harvey Nichols

Harvey Nicholas trading updates and comments:

Last updated: 20/07/20

· Harvey Nichols has written to staff to warn that “there may be staff redundancies at all locations” as it looks to restructure amid the pandemic.

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HMV

H&M trading updates and comments:

No comments

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Hobbs

Hobbs trading updates and comments:

No comments

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Hobbycraft

Hobbycraft trading updates and comments:

No comments

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Holland & Barrett

Holland & Barrett trading updates and comments:

Last updated: 16/06/20

· Holland & Barrett has partnered with Deliveroo, to offer 200 products for home delivery in under 30 minutes from 50 UK stores.

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Home Bargains

Home Bargains trading updates and comments:

Last updated: 15/04/20

· Home Bargains re-opens its website (15 April) after no longer being able to accept new orders earlier in the crisis due to high levels of demand.

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Homebase

Homebase trading updates and comments:

Last updated: 11/05/20

· All Homebase stores are now open operating with strict social distancing measures. These include floor stickers to indicate the 2m distancing rule, Perspex screens at tills and payment by card only. Online operations have been temporarily suspended to allow Homebase to catch up with a backlog of orders.

· 04/05/20: Essential retailer Homebase is expected to reopen all of its shops over the coming weekend. This follows rival B&Q stepping up reopenings, trading from 288 stores by the end of last week.

· 29/04/20: Homebase opened a further 50 stores across the UK (29 April), following the reopening of 20 shops earlier in the week. Its remaining UK stores are set to reopen from 2 May

· 27/04/20: Homebase has reopened 20 of its bricks-and-mortar stores on a trial basis, following the closure of its entire store estate on 25 March.

· 25/04/20: Homebase are trialling the opening of 20 stores today (Saturday 25 April) after changes to operations were put in place to ensure shopping is safe for everyone. The remainder of their stores will continue to offer collection and counter service.

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Hotel Chocolat

Hotel Chocolat trading updates and comments:

Last updated: 07/05/20

· Hotel Chocolat expects to hit its full-year profit guidance as sales rose 3% to £136m in the year to 28 June, bolstered by a 14% rise in its first half and digital sales surging more than 200% year-on-year in the fourth quarter. The retailer said reopened high street stores were performing better than city-centre and commuter locations.

· 07/05/20: Hotel Chocolat is trialling the reopening of up to six stores as takeaway locations from next week. The retailer is looking at a phased reopening and has identified high street and independent self-standing stores as the first to open, with stores in transport hubs and shopping centres likely to be the last.

· 04/05/20: Hotel Chocolat is increasing its banking facilities with a new £35m line of credit from Lloyds Bank, replacing a £10m overdraft facility. £25m is provided under the terms of the government’s coronavirus large business interruption loans scheme, expiring in December 2021.

· 09/04/20: Hotel Chocolat raised £20m through a fundraising round to offset the impact of possible store closures over the crucial Mother’s Day and Easter periods, which account for around 12% of its total annual revenue.

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House of Fraser (Frasers Group)

House of Fraser trading updates and comments:

Last updated: 09/07/20

· Frasers Group has told landlords it will not pay rents until trade reaches a level that the retailer and landlord would have expected when agreeing rental terms.

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Iceland

Iceland trading updates and comments:

Last updated: 17/07/20

· In Iceland’s 2019/20 full year results, it noted that the pandemic has seen it boost its market share, as its stores are typically on neighbourhood high streets and retail parks, as well as operating an established online operation.

· 05/06/20: Iceland founder Sir Malcolm Walker and chief executive Tarsem Dhaliwal have bought the remaining stake in the frozen food specialist from Brait SE’s 63% stake, in a deal worth £115m to form a new company Iceland Foods.

· 09/04/20: Iceland revealed it is opening stores earlier for older and vulnerable shoppers to combat panic-buying.        

· Iceland has also introduced the final hour of trading exclusively for NHS staff.

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Ikea

Ikea trading updates and comments:

Last updated: 26/05/20

· Ikea is reopening 19 of its stores in England and Northern Ireland on 1 June, with a phased approach. New safety measures include a one-way system, social distancing wardens, and one adult and one child from the same household being allowed in at a time. It is reopening its Food Market and Bistro with a takeaway service only.

· 21/04/20: Ikea has acquired augmented reality start-up Geomagical Labs to allow shoppers to virtually visualise big ticket items in their home without a store visit. Geomagical Labs’ key product enables users to scan a room using a smartphone to create a 3D render and allow existing furniture to be virtually removed and new items added in.

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JD Sports

JD Sports trading updates and comments:

Last updated: 07/07/20

· In it 2019/20 full year update, JD Sports said it is investing further in its Rochdale warehouse as it anticipates “there will be some level of permanent transfer from physical retail to online as a consequence of Covid-19”.

· 07/07/20: JD Sports said its “future store investments highly dependent on rental realism and lease flexibility” as it pushes “for greater correlation between levels of footfall and rents payable”.

· 24/06/20: JD Sports bought its subsidiary Go Outdoors back for £56.5m, following its collapse into administration two days earlier. The group said the main reason for the administration was to secure better rents with landlords, as leases were “extremely inflexible” with upward-only rent reviews.

· 01/06/20: JD Sports plans to reopen the majority of its 300 or so UK stores on 15 June.

· 24/04/20: As a cost-cutting measure, JD Sports chief executive Peter Cowgill has taken a voluntary 75% pay cut, while the retailer’s board and senior management team have temporarily reduced their salaries by a quarter.

· 09/04/20: JD Sports has withheld rent payments and service charges across its store estate for the second quarter of the year. It is in discussions with its landlords about the following quarter of rent due on 24 June.

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John Lewis (John Lewis Partnership)

John Lewis trading updates and comments:

Last updated: 30/07/20

· In a strategy update to staff, John Lewis Partnership outlined that it expects: “John Lewis to be a 60% online retailer, from 40% pre-Covid-19, and Waitrose to rise above 20%, from 5%”.

· 17/07/20: John Lewis is extending it click-and-collect delivery and returns partnership with the Co-op to 505 stores, doubling the total number of click-and-collect locations to nearly 900.

· 16/07/20: John Lewis has launched a virtual personal shopping service from its Southampton and London’s Peter Jones store using Zoom, enabling customers to be shown around departments on a 30-minute free video appointment by an in-store adviser.

· 09/07/20: John Lewis & Partners confirms it will permanently close eight of its stores, with 1,300 jobs at risk, as “the pandemic has accelerated the switch from shopping in-store to online”.

· 09/07/20: John Lewis said its nine remaining closed branches will reopen on 30 July, leaving it with a 42-strong store estate.

· 01/07/20: John Lewis chair Dame Sharon White warned of store closures and job cuts due to the pandemic, and that the retailer’s famed annual bonus would likely be axed next year for the first time since 1953.

· 25/06/20: John Lewis continues to open stores in phases, with nine more stores opening today.

· 27/05/20: John Lewis will gradually reopen stores, starting with two shop from 15 June and a further 11 on 18 June, chosen because of their accessibility by car. New safety measures include a ‘customer service host’ to manage footfall in store, reducing entrances, installing screens at checkout, and limiting the number of shoppers on escalators and in lifts.

· 30/04/20: In an update to analysts, John Lewis said it is mulling the permanent closure of some of its department stores, even after the coronavirus lockdown ends as the department store chain struggles to return to profitability.

· 27/04/20: John Lewis is making plans to reopen stores next month, but stressed it would not happen until the government signals that restrictions can be relaxed.

· 21/04/20: John Lewis Partnership cautioned that its full-year sales could fall 35% at John Lewis and a “more modest decline of less than 5%” at Waitrose – anticipating a “significant” sales decline between April and June, and weak sales thereafter.

· 21/04/20 The department store reported sales across John Lewis are down 17% overall since mid-March, despite online sale surging 84% year-on-year in the period, with store closures prompting John Lewis to furlough 14,000 staff at the beginning of April.

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Joules

Joules trading updates and comments:

Last updated: 06/08/20

· Joules recorded a loss before tax of £2.0 million in the full year ending May 31st. Revenue also declined by 12.5% to £190.8m due to the impacts of coronavirus, as well as a stock availability issue reported over the Christmas period.

· 16/06/20: In a City update, Joules said the impact of lockdown “resulted in a material reduction in revenue and lower group gross margin” despite 40% growth in online during the period. It now expects a pre-tax loss of between £2m and £3m for its 2019/20 financial year.

· 21/04/20: Joules reported it has agreed a £15m increase in borrowing facilities. Alongside an equity raise earlier in the month, the retailer said it has “sufficient liquidity headroom to manage a Covid-19-related downside scenario and the resources to emerge relatively stronger from this unprecedented situation” as online sales outperform expectations.

· 09/04/20: Joules has not given investors financial guidance for the year ahead, due to the “ongoing uncertainty” over virus impacting store footfall and willingness to spend online.

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Kurt Geiger

Kurt Geiger trading updates and comments:

Last updated: 09/04/20

· Kurt Geiger kept orders via their website flowing whilst letting customers know that they may experience longer delivery times.

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Lakeland

Lakeland trading updates and comments:

Last updated: 06/08/20

· Lakeland has restructured its operating board as its owners the Rayner family step down from day-to-day running of the business.

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Laura Ashley

Laura Ashley trading updates and comments:

Last updated: 22/04/20

· Restructuring firm Gordon Brothers has bought the Laura Ashley brand and its intellectual property from administrators PwC, and is set to maintain “a streamlined portfolio” of stores in the UK but primarily focus on online and wholesale.

· 09/04/20: Administrator PwC in charge of winding down Laura Ashley said they have made more than 200 redundancies and placed the retailer’s remaining store staff on furlough.

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Liberty

Liberty trading updates and comments:

No comments

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Lidl

Lidl trading updates and comments:

Last updated: 15/05/20

· Lidl has partnered with InPost to launch collection lockers in 24 of its grocery shops.

· 09/04/20: Lidl has announced it is hiring an additional 2,500 staff.

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LloydsPharmacy

LloydsPharmacy trading updates and comments:

No comments

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Loaf

Loaf trading updates and comments:

No comments

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Lovehoney

Lovehoney trading updates and comments:

No comments

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Lush

Lush trading updates and comments:

No comments

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M&S Food

M&S Food trading updates and comments:

Last updated: 12/08/20

· Marks & Spencer invested in a new food distribution centre in Milton Keynes which will increase ambient product capacity by up to 60%. The facility is expected to begin full operations next months and recruit 360 workers.

· 05/08/20: Marks & Spencer has put its full food range on Ocado’s website as the pair formally launch their partnership on 1 September, when Ocado will stop selling Waitrose lines.

· 03/08/20: Marks & Spencer cafes have signed up to the government’s ‘eat out to help out’ scheme, passing the hospitality VAT cut onto customers.

· 30/07/20: Marks & Spencer has tripled the number of food stores offering a checkout-free experience from 100 to 310.

· 20/05/20: M&S posted that like-for-like sales in its food arm were up 1.9% in the year to 28 March, with an estimated 0.3% benefit from the effects of Covid-19 in March.

· 14/05/20: Marks & Spencer is reopening 49 of its in-store cafes today, serving takeaway hot drinks only following a pilot in five branches. The cafes now include Perspex screens at checkouts and floor markings to prompt social distancing. One employee will staff the café at a time – washing their hands every 30 minutes and straightaway after handling cash.

· 09/04/20: Marks & Spencer is selling a range of food essentials on Deliveroo for the first time.      

· 09/04/20: M&S said it was transferring 4,600 staff from its clothing and home departments and cafes to support its food stores.

· Marks & Spencer has temporarily added a number of branded items such as Rummo pasta and Tilda rice to its ranges to help maintain “strong availability” during the epidemic.

· Marks & Spencer is giving frontline store and supply chain staff a 15% pay rise and furloughed employees will receive full pay during the coronavirus pandemic.          

· Marks and Spencer has imposed a raft of measures, including restrictions of two items per person across certain grocery, homecare and frozen food products, as well as eggs.    

· M&S is also giving elderly shoppers early access to stores every Monday and Thursday, and for NHS workers on Tuesday and Friday.      

· M&S has launched pre-payment cards to help older, vulnerable and self-isolating customers pay for shopping picked up by volunteers. The cards can be bought online and volunteers will receive an email barcode that can be used to pay for the shopping in-store.

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Made.com

Made.com trading updates and comments:

Last updated: 09/04/20

·  Pureplay retailer, but its showrooms are temporarily closed

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MandM Direct

MandM trading updates and comments:

No comments

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Marks & Spencer

Marks & Spencer trading updates and comments:

Last updated: 20/07/20

· Marks & Spencer is axing 950 management jobs across central operations and stores, as it looks to accelerate the ‘Never the Same Again’ restructuring programme unveiled during the coronavirus crisis.

· 26/06/20: Marks & Spencer and Next are reportedly mulling bids for Victoria’s Secret’s UK division, which fell into administration earlier in June.

· 03/06/20: In Marks & Spencer’s annual report, the retailer said it is accelerating aspects of its transformation to thrive in the new consumer landscape, hailing increased “multitasking in stores”, quicker decisions and having “action orientation irrespective of hierarchy”. As a result of the pandemic, the retailer expects to emerge with more debt than planned and suffer losses for a large part of 2020/21.

· 20/05/20: In Marks & Spencer’s full year update, which reported that pre-tax profit fell by 21.2% to £403.1m in the year to 28 March, the retailer said the coronavirus negatively impacted profits by £52m in March and added £212.8m in costs and write downs. The retailer said: “Clothing sales at the low point dropped to 16% of their level a year ago.”

· 20/05/20: M&S has scenario planned for clothing and home sales to dive 70% in the four months to July, with a gradual return to budget by February 2021. It has also stress tested for Food to face a 20% decline in revenue for the four months to July, with revenue level thereafter.

· 20/05/20: Like many other clothing retailers, M&S is facing a mountain of stock. It has cancelled late-summer stock, while around £400m of current and forward orders are basic products that will be carried forward. Around £200m of unsold seasonal stock is being stored to merchandise in spring 2021.

· 14/05/20: Marks & Spencer is launching a half-price sale across its entire clothing range, with 10% of the purchase price (excluding VAT) being donated to the NHS as part of its ‘Rainbow Sale’ campaign.

· 28/04/20: Marks & Spencer is looking to shore up its balance sheet during “highly uncertain trading conditions”. It plans to borrow from the government’s Covid Corporate Financing Facility and has additionally reached an agreement with banks to “substantially relax or remove covenant conditions” on its existing £1.1bn credit facility.

· 24/04/20: Marks & Spencers is looking to support its clothing suppliers. It is paying for all made garments yet to be shipped by 24 March – the date it asked suppliers to stop production. The retailer has also committed to covering purchases already made by suppliers of “large” fabric volumes, and offering vendor finance and letters of credit.

· 09/04/20: M&S said it was transferring 4,600 staff from its clothing and home departments and cafes to support its food stores.

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Matalan

Matalan trading updates and comments:

Last updated: 21/07/20

· Matalan slipped into the red in its first quarter, recording a restated EBITDA loss of £35.8m in the 13 weeks to 30 May, as revenue tumbled 72.3% to £75.3m in the quarter.

· 25/06/20: In its full year update, Matalan said: “We are accelerating the changes in our working practices and drivers of cost efficiency, and have already delivered rapid enhancements to our model during the crisis”. It is, for instance, now fulfilling online orders from 75 stores, alongside distribution centres.

· 07/05/20: Matalan has reportedly asked existing lenders Barclays and Lloyds to inject a combined £50m of government-backed funding into the business to prevent it running out of cash.

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Matchesfashion.com

Matchfashion.com trading updates and comments:

No comments

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McColl's

McColl's trading updates and comments:

Last updated: 06/08/20

· McColl’s reported a pre-tax loss of £1.3m in the 26 weeks to May 24th, down from a £200,000 profit last year. Total revenue fell 1% to £604.8m, from £611.1m 12 months earlier.

· 09/04/20: McColl’s has partnered with Deliveroo for a home delivery service. Deliveries will be made from some 120 McColl’s stores, which will expand to over 300 shops across the country.

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Missguided

Missguided trading updates and comments:

No comments

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Monsoon

Monsoon trading updates and comments:

Last updated: 10/06/20

· Monsoon and Accessorize founder Peter Simon has bought the business out of administration through a new holding company Adena for up to £15m. This has secured the head office, distribution centre and ecommerce arm. It is now in talks with landlords to reach terms to save “as many as 100 stores”. Simon said: ““Monsoon and Accessorize will both emerge smaller and stronger after this”.

· 28/05/20: Monsoon Accessorize is set to file a notice of intention to appoint administrators, having lined up FRP Advisory to handle the process.

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Moonpig

Moonpig trading updates and comments:

No comments

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Morrisons

Morrisons trading updates and comments:

Last updated: 08/06/20

· Morrisons has extended its commitment to make immediate payments to small suppliers by a further three months during the coronavirus crisis.

· 26/05/20: Morrisons is set to open its first standalone clothing and homewares store to drive its Nutmeg clothing range as well as its own-brand homewares.

· 13/05/20: Morrisons has introduced a ‘speedy shopping’ system for those looking to make smaller basket purchases. Three speedy customers are being invited into stores for every one customer looking to make a larger trolley shop.

· 12/05/20: Morrisons posted like-for-like sales growth (excluding fuel) of 5.7% in the quarter to 10 May, with retail sales up 5.1% and wholesale 0.6%. Weeks five to seven reportedly marked a “considerable stocking up” period for customers, which pulled sales forward, while Easter sales were “significantly down year on year”. The grocer is aiming to have rolled out click-and-collect to 280 stores by mid-June.

· 11/05/20: Morrisons and Pret a Manger are using partnerships with Amazon to offer new online services. Morrisons said 40 of its stores are fulfilling same-day deliveries through Prime Now.

· 23/04/20: Morrisons is offering its suppliers a 5% discount on groceries until at least mid-July as a gesture for helping to feed the nation.

· 09/04/20: Morrisons announced a new partnership with Deliveroo to offer home grocery delivery from stores.

· Morrisons announced it would create 3,500 jobs and expand its home delivery service to handle the pandemic. It also shared plans for a “colleague hardship fund” and pledged to pay smaller suppliers immediately to help them deal with the uncertainty.        

· Morrisons is upping its capacity to enable it to hand out £10m of food to food banks during the virus outbreak; by operating its bakery, egg and fruit and vegetable packing sites for an extra hour every day.          

· Morrisons will give full-time staff a £1,050 bonus, compared to the £350 average last year, for those continuing to work during the coronavirus crisis.

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Moss Bros

Moss Bros trading updates and comments:

Last updated: 26/05/20

· Investment firm Brigadier Acquisition found that it has been unable to abandon its £22m bid for Moss Bros. The deal will now be completed.

· 13/05/20: On 13 May, Moss Bros reopened its online platform, having closed its ecommerce and store operations on 26 March.

· 12/05/20: Moss Bros is set to reopen online from tomorrow (13 May), having closed its ecommerce and store operations on 26 March. In line with government expectations, the retailer is “developing plans to reopen stores in an orderly manner” from 1 June.

· 22/04/20: Brigadier Acquisition Company is hoping to retract the £22.6m offer it made to acquire Moss Bros in mid-March. It is hoping to lapse its offer because of coronavirus disruption, which saw Moss Bros close all retail operations including online on 26 March.

· On 23 March, Moss Bros issued a profit warning, saying coronavirus would result in “a significant reduction in revenue and profitability”.

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Mountain Warehouse

Mountain Warehouse trading updates and comments:

Last updated: 09/04/20

· On 17 March, Mountain Warehouse warned of 2,000 redundancies as it faced a “catastrophic” sales decline, revealing sales dropped by 50% in recent days and likely to "be worse" going forward.

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N Brown

N Brown trading updates and comments:

Last updated: 25/06/20

· N Brown reported that group revenue has fallen by 22% in the quarter since March. The group said product sales were down 29%, but had improved slightly to be down 21% over the last three weeks. It has looked to shore up its balance sheet and said “operating costs are significantly lower than last year and net debt has decreased”.

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Naked Wines

Naked Wines trading updates and comments:

Last updated: 06/08/20

· Naked Wines announced it continues to trade strongly, with sales in July expected to be up by 73% compared to the same month last year. This would bring sales growth in the first four months of the financial year to 76%, and the retailer said its success is being driven by new customers and repeat sales alike.

· 24/06/20: Naked Wines reported its pre-tax losses shrunk by 46% to £5.4m in the year to 30 March, as sales rose 14% to £203m. The online retailer said sales were supported by “Covid acceleration in final weeks of the year”, with revenue up by 81% in the first two months of its current financial year.

· 09/04/20: Naked Wines has said its full-year 2020 revenues will be in excess of £200m due to higher levels of demand.

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New Look

New Look trading updates and comments:

Last updated: 29/06/20

· New Look is mulling a pre-pack administration as it works with consultancy CBRE to move to turnover-based rents.

· 04/06/20: New Look has drafted in advisors CBRE and CWM to negotiate a switch to turnover-based rents, as it seeks to slash its property costs at the majority of its 500 stores in UK and Ireland.

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Next

Next trading updates and comments:

Last updated: 29/07/20

· Next reported that stores sales slumped 72% year-on-year in its third quarter to 25 July, while online sales increased 9%. It hailed that the 28% overall drop in full-price sales in the period was “an improvement on the best case scenario given in our April trading statement”.

· 29/04/20: In a trading update, Next said it saw deep declines from the second week of March, which accelerated as each day passed. In the three days before lockdown, Next’s retail sales were down an eyewatering 86%.

· 29/04/20: Next has made strong use of the government’s Job Retention Scheme and initially furloughed 88% of its staff across the business as both stores and warehouses shut down. By the end of April, this had reduced to 84% following the reopening of its online operations. The multichannel giant has scenario planned for sales to decline this year between 50-62% in Q2, 19%-33% in Q3, and 17%-28% in the final quarter.

· 29/04/20: Next said basic spring summer lines such as plain T-shirts and chinos planned to be sold this year will instead be retailed in 2021. Next is storing around £330m (at selling value) of 2020 stock to sell in 2021, representing around 15% of the total spring summer 2021 buy.

· 14/04/20: Following a three-week suspension, Next resumed selling online at a limited capacity on 14 April. As it grapples social distancing in warehouses, Next is selling online across a limited number of categories such as childrenswear and homewares.                    

· On 19 March, Next warned of a £1bn coronavirus hit at the unveiling of its full year results. Boss Lord Wolfson said: “People do not buy a new outfit to stay at home.”

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Notonthehighstreet.com

Notonthehighstreet.com trading updates and comments:

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Oak Furniture Land

Oak Furniture Land trading updates and comments:

No comments

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Oasis

Oasis trading updates and comments:

Last updated: 17/06/20

· Boohoo has acquired the intellectual property of Oasis and Warehouse in a £5.2m deal from Hilco, as part of its plan to capitalise M&A opportunities. Boohoo bought its former stablemates Karen Millen and Coast last year.

· Fell into administration on 16 April. 

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Ocado

Ocado trading updates and comments:

Last updated: 14/07/20

· Ocado’s revenue jumped 27% to £1.02bn in its half year to 31 May, but group EBITDA was down 36% to £19.8m as it invested into infrastructure.

· 10/06/20: Ocado has raised £650m through new shares and plans to raise a further £350m through unsecured convertible bonds to help it capitalise on the “significant acceleration” in online shopping across the globe since the coronavirus outbreak.

· 06/05/20: Ocado said its retail revenue from its second quarter to date was up by 40.4% year-on-year, compared to a 10.3% rise in Q1. Demand has remained “unprecedented”, although Ocado said basket sizes have passed the peak seen between mid-March and early April.

· 06/05/20: Ocado said its established consumer fulfilment centres (CFC) are running at full capacity, while its Ertih CFC has increased the capacity of orders it can process to 110,000 from 80,000 in Q1.

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Office

Office trading updates and comments:

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Oliver Bonas

Oliver Bonas trading updates and comments:

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Outdoor and Cycle Concepts

Outdoor and Cycle Concepts trading updates and comments:

No comments

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Paperchase

Paperchase trading updates and comments:

No comments

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Peacocks

Peacocks trading updates and comments:

No comments

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Pets at Home

Pets at Home trading updates and comments:

Last updated: 31/07/20

· Pets at Home reported a relatively resilient 1% decline in its first quarter to 16 July, as demand for pet ownership jumped in lockdown and stores have remained open throughout the pandemic. The retailer has agreed a lease on the development of a new 607,000 sq ft distribution facility in Stafford, Staffordshire, as part of a £48m capital investment over the next five years.

· 21/05/20: Pets at Home said that trading in its current 2020/21 financial year is down year-on-year. A strong uplift in online sales has been “unable to mitigate the reduced level of in-store sales, and their weighting towards food”. It cautioned that “an additional £5m of costs relating to our initial response to Covid-19, has had an adverse effect on profits, margins and cashflow in the financial year to date” and expects its pre-tax profit the current financial year to be below last year.

· 09/04/20: On 2 April, Pets at Home posts that earnings for the year to 27 March will be ahead of expectations as demand has been “exceptional” in-store and online as the coronavirus outbreak unfolded. However, uncertainty meant it was unable to give guidance for the year ahead.

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Phase Eight

Phase Eight trading updates and comments:

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Poundland

Poundland trading updates and comments:

Last updated: 16/07/20

· Poundland is set to trial its first-ever online delivery service early next year and is set to launch a shop-in-shop concept later this summer. Three stores are set to close with one being converted into an online fulfilment centre.

· 23/06/20: Poundland owner Pepco reported that its pre-tax profit fell 16% to €89m (£80m) in the six months to March as Covid-19 hit Europe. The group said revenue is now “returning to pre-Covid levels”.

· 09/04/20: Poundland has temporarily closed 100 stores in locations where it has another outlet in operation nearby, as well as in low footfall shopping centres.

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Primark

Primark trading updates and comments:

Last updated: 31/07/20

· Primark has committed to pay its suppliers in full for outstanding finished garments and fabric costs since March, expanding on its pledge to pay in full for any items that were in production, finished or planned for handover by 17 April.

· 29/07/20: Primark has rolled out an in-store recycling scheme, allowing customers to donate clothes, textiles, footwear and bags from any brand as it drives sustainability.

· 02/07/20: Parent ABF said Primark’s sales were down 75% year-on-year at £582m in its third quarter, with 367 stores worldwide now open out of 375. It said trading in reopened stores has been “encouraging” with strong demand for childrenswear and retail park stores performing strongly.

· 02/07/20: ABF said Primark’s adjusted operating profit is expected to come in between £300m and 350m this year, compared with £913m last year.

· 08/06/20: Primark has reportedly asked landlords who are set to receive payment for the next quarterly rent day of 24 June to sign NDAs.

· 01/06/20: Primark is reopening all of its 153 branches in England on 15 June, and has pulled forward the opening of a new store in Manchester’s Trafford Centre to that day. Primark's 37 shops across Northern Ireland, Scotland and Wales are expected to reopen in late June if guidance allows.

· 22/04/20: Primark has announced its support for the UN’s International Labour Organisation (ILO) call for “urgent collaboration” across the fashion industry, to support garment workers faced with the prospect of unsafe working environments or losing their jobs as a result of Covid-19.

· 21/04/20: Primark parent ABF reported that the retailer has been able to mitigate about half of the financial impact during lockdown through lease negotiations and cost cutting, with a monthly cash outflow of about £100m while shops shut. 

· 21/04/20: ABF Chief executive George Weston warned: “Much as I would love to be allowed to reopen Primark stores, because lockdown has so harmed our business and our supply chains, I know that we must not do so until we have suppressed this disease”

· 20/04/20: Primark has extended its support for suppliers, paying £370m of additional orders for product on top of the £1.5bn of stock in stores, depots and in transit – despite its shops being shut and its inability to trade online.

· 17/04/20: Primark is giving care packs containing 74,000 products to London’s NHS Nightingale Hospital, including underwear, leggings, T-shirts, footwear and towels for staff and patients.

· 09/04/20: On 16 March, Primark warned that declines in like-for-like sales “have accelerated over the past few days as a result of reduced footfall".          

· Primark boss Paul Marchant, ABF group chief executive George Weston and the group’s finance boss John Bason have all asked for their base pay to be temporarily reduced by 50% during the pandemic.      

· Primark has created a fund to cover wages of factory workers in countries where orders have been cancelled following temporary store closures. Under its standard terms, the fashion retailer has already paid £1.6bn for stock in its shops, distribution centres and in transit, despite losing sales expected to total £650m a month.

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Quiz

Quiz trading updates and comments:

Last updated: 13/07/20

· Quiz committed to a full review of its supply chain auditing process, following allegations of factory workers making its products in Leicester being paid under the national living wage.

· 10/06/20: Fashion retailer Quiz’s property arm Kast Retail Limited has collapsed into administration, appointing KPMG to handle the process. Quiz’s online, UK concession and international channels are unaffected by the administration. Zandra Retail Limited, another wholly owned subsidiary of Quiz, is set to acquire some of Kast’s assets to ensure Quiz has number of stores to continue it omnichannel strategy.

· 15/04/20: Quiz resumed online trading, but only offering standard delivery, having “significantly reduced” the number of employees working in its distribution centre at any one time in order to enable social distancing

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QVC

QVC trading updates and comments:

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Reiss

Reiss trading updates and comments:

No comments

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River Island

River Island trading updates and comments:

Last updated: 05/08/20

· River Island is mulling a CVA in a bid to close some stores and cut rents.

· 07/07/20: River Island is axing 250 head office roles as it looks to cut costs, as “the pandemic will change our marketplace for years to come”.

· 15/04/20: River Island are dispatching online orders again after a temporary suspension

· River Island has closed its UK warehouse to protect the health of its employees.

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Robert Dyas

Robert Dyas trading updates and comments:

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Sainsbury's

Sainsbury's trading updates and comments:

Last updated: 27/07/20

· Sainsbury’s is testing a virtual queuing app, saving the need to physically queue outside stores, in a bid to help it “respond quickly” if increased restrictions were brought back during local lockdowns. Shoppers would receive a notification when they are at the front of the queue.

· 01/07/20: Sainsbury’s posted an 8.5% year-on-year rise in overall sales (excluding fuel) in its first quarter to 27 June, supported by an 87% uplift in online sales. Nearly half of new online grocery customers were first-time Sainsbury’s shoppers. 

· 01/07/20: Sainsbury’s total grocery sales increased by 10.5%, while general merchandise increased 7.2%, supported by a 10.7% uplift in Argos sales. Clothing sales dived 26.7% in the period.

· 15/05/20: Sainsbury’s is partnering with Stuart, part of courier firm DPD Group, to expand its Chop Chop bike delivery service to 20 UK cities outside of London by mid-June. The expansion is set to increase online delivery capacity by a further 400% and supports the grocer’s bid to increase the number of delivery slots to 600,000 per week.

· 30/04/20: In its full year update, Sainsbury’s said its food sales rocketed 48% in the week to 21 March amid peak stockpiling.

· 30/04/20: Sainsbury's said food sales rose 12% in the seven weeks to 25 April. This represents an 8% uplift in total sales (excluding fuel) and offsets the 53% and 22% sales declines across clothing and general merchandise in Sainsbury’s stores respectively.

· 30/04/20: Sainsbury’s expects its underlying profit in 2020/21 to be flat, providing lockdown restrictions have eased by the end of June. This assumes that a £500m coronavirus hit – from protection measures and weaker sales across clothing, general merchandise and fuel – is broadly offset by £450m of business rates relief and increased grocery sales.

· 24/04/20: In a bid to reduce queues, Sainsbury’s is extending its opening hours from 8am until 10pm, with opening hours in many convenience stores extended to 11pm. It will also reopening its petrol filling station stores.

· 24/04/20: Additionally, Sainsbury’s is installing additional protective screens at manned checkouts in a further 150 stores.

· 24/04/20: Sainsbury’s is aiming to offer 600,000 online slots per week by the end of April, as boss Mike Coupe says its home delivery and click-and-collect services “are in more demand than ever before”. Its on-demand delivery service ChopChop is also being extended to London zones 1 and 2.

· 09/04/20: Sainsbury's is setting aside the first hour of trading for the elderly and vulnerable.            

· Sainsbury’s introduced priority access online delivery slots for the elderly and vulnerable.      

· Sainsbury’s has reintroduced its rapid home delivery service, Chop Chop, using its Blackfriars convenience store as a dark store.      

· WHSmith and Sainsbury’s have extended their supply partnership, which began in July 2018, to hospitals to make it easier for NHS staff to purchase food and essential household items. 80 WHSmith hospital stores will stock an increased range of Sainsbury’s products.

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Schuh

Schuh trading updates and comments:

Last updated: 09/04/20

· Following its suspension online, Schuh resumes online trading, with its fulfilment centres operating with 10 staff or less at any one time, working two metres apart, and with access to work station cleaning kits and hand sanitiser stations.

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Screwfix (Kingfisher)

Screwfix trading updates and comments:

Last updated: 22/07/20

· B&Q and Screwfix parent Kingfisher said group like-for-like sales climbed 22% in its second quarter to 18 July, as digital sales trebled and stores reopened from mid-April across the UK and France. Group ecommerce sales surged 202% and 225% respectively in May and June. Kingfisher expects interim profits to come in ahead of last year.

· 12/05/20: B&Q and Screwfix parent Kingfisher said group sales fell 24% in the three months to 30 April, impacted by store closures in the UK and France. B&Q sales declined by 22.1% to £663m in the period, while. Screwfix reported 0.1% sales dip to £432m. Kingfisher said more than 95% of stores “are currently either open and/or offering a contactless click-and-collect service”.

· 09/04/20: After a successful trial of social distancing measures at 14 stores over the weekend, B&Q reopened 61outlets yesterday and a further 80 today bringing the total number opened to 155.

· B&Q and Screwfix parent Kingfisher warned of "significant uncertainty on sales and demand' after closing its 221 stores in France and 28 of its stores in Spain.

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ScS

ScS trading updates and comments:

Last updated: 30/07/20

· ScS saw a sharp 92.5% year-on-year decline in order numbers from 22 March to 23 May, but then experienced a drastic bounce back from 24 May 24 to 25 July, reporting a 92.2% increase in orders as stores reopened.

· 30/07/20: The raft of orders post-lockdown sets ScS up in a strong position going forward, as many of the order will be delivered in the first quarter of its new financial year.

· 26/05/20: In an update to the City, ScS said as of May 23 it had reopened 80 stores and begun deliveries, having previously closed both its store and online arms on 23 March. The retailer said it holds £48.3m in cash and has “continued to review and reduce cash expenditure to protect our liquidity short term”.

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Selfridges

Selfridges trading updates and comments:

Last updated: 28/07/20

· Selfridges is axing 14% of its headcount – or around 450 jobs – as it warned sales across the chain would be “significantly less than they were in 2019”.

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Shoe Zone

Shoe Zone trading updates and comments:

Last updated: 23/06/20

· Shoe Zone unveiled plans to close 20 stores to cut costs in its half year results, reporting a pre-tax loss of £2.5m in the six months to 4 April. The retailer cautioned that coronavirus shockwaves will “be felt for several years”.

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Sofa.com (Frasers Group)

Sofa.com trading updates and comments:

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Sofology (DFS Group)

Sofology trading updates and comments:

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Superdrug (AS Watson Group)

Superdrug trading updates and comments:

Last updated: 03/05/20

· Essential retail Superdrug has asked landlords to accept rent cuts. A letter addressed to landlords on 22 April said it intended to “reduce our lease payments to 25% of our passing rent commencing from the next due rental date for a minimum period of three months”, despite keeping stores open.

· 09/04/20: AS Watson – parent to Superdrug, The Perfume Shop and Savers – has unveiled a £40m financial support scheme for employees affected by the virus.

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Superdry

Superdry trading updates and comments:

Last updated: 10/08/20

· Superdry said it had agreed the £70m new lending facility with its existing banks and extended the repayment terms until January 2023.

· 21/07/20: Gatemore Capital has acquired a 3.37% stake in Superdry, as the hedge fund is “confident the business is poised to benefit from the trend towards casualwear which has been accelerated by Covid-19”.

· 07/05/20: Superdry reported a 57% fall in store sales in its fourth quarter following mandated store closures, which contributed to a 19.1% decline in full-year group revenue to £705.5m in 2019/20.

· 09/04/20: On 18 March, Superdry warned that it will miss its financial guidance, as it revealed UK and US store footfall was reducing on average by 25% per week. It did not expect store declines to be fully mitigated by online.

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Sweaty Betty

Sweaty Betty trading updates and comments:

Last updated: 09/04/20

·  Sweaty Betty offers customers free delivery on all online orders and looks to introduce online tutorials as it shuts shops. 

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Tapi

Tapi trading updates and comments:

Last updated: 08/06/20

· Tapi has secured £16m of investment as it eyes profitability within 18 months. It is taking a gradual approach to store openings through appointment only using its ‘Queue Buster’ program, which enables consumers to join a virtual store queue by texting or scanning a QR, allowing shoppers go elsewhere until they are allowed in.

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Ted Baker

Ted Baker trading updates and comments:

Last updated: 21/07/20

· Ted Baker posted a 50% year-on-year retail sales drop to £51m in the 11 weeks to 18 July, as store sales plummeted by 79% to £15.8m while online jumped 35% to £35.2m. In the last four weeks of the period, like-for-like store sales were down 50% on last year as 95% of stores were operational by last weekend.

· 21/07/20: Ted Baker said its results were ahead of its base case scenario set out in June, indicating “a more dynamic trading stance since the beginning of the year, reflecting more sophisticated cross-category merchandising, refreshed social media activity and increased marketing spend”.

· 20/07/20: Ted Baker is cutting 25% of its overall workforce, or 500 jobs, axing 200 roles from its head office, with the remainder across stores and concessions.

· 01/06/20: Ted Baker plans to raise £95m in a cash call –  more than its entire listed equity – to see it through the coronavirus crisis and focus on a digital first strategy. It has extended its bank debt by £11.5m. Overall like-for-like sales were down 34% between the start of January and May, while online sales jumped 78%. Without the additional fundraising announced, the retailer would have become insolvent by August.

· 20/04/20: Ted Baker announced that it is launching a virtual pop-up store dubbed Ted’s Bazaar, selling A4 prints, T-shirt. Beanies, tea-towels and mugs, with profits going to local community charities that support Covid-19. The virtual store will be hosted on the retailer’s existing website with its first collection released on 1 May.

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Tesco

Tesco trading updates and comments:

Last updated: 31/07/20

· Tesco has extended its improved payment terms for smaller suppliers until the end-January 2021, paying immediately rather than the usual 14-day term.

· 06/07/20: Tesco is reportedly demanding discounts from suppliers as it looks to offer everyday low prices rather than promotional activity to better compete with rivals such as Aldi.

· 26/06/20: Tesco’s UK sales were up 9% in its first quarter to 30 May, driven by a 49% jump in online sales and up by 90% at the peak in May. Tesco has doubled its online delivery slots to 1.3 million, having invested £4m into the initiative, which it said has been partially offset by the business rates relief.

· 26/06/20: Tesco said the frequency of UK shopping during its first quarter was down by 32%, but the average basket size leapt 64% as shoppers stocked up. Convenience store sales rose by 10%, suggesting local shopping.

· 09/04/20: In its full year update, Tesco said it was unable to meet demand online and urged shoppers to shop in-store where possible, despite upping its online grocery capacity by more than 20%. It said: "Between 85% and 90% of all food bought will require a visit to a store.”    

· Tesco said the virus could add £650m to £925m in extra costs due to additional distribution, staff and store expenses. Some 50,000 staff have been absent amid the virus, but had recruited more than 45,000 new staff since 20 March.
· However, Tesco has said that if customer behaviour normalises by August, the additional cost headwinds could be largely offset.            

· Tesco cut stores opening hours at its 24-hour stores in order to give staff time to restock – shutting at 10pm and open again at 6am  

· Tesco introduced rationing of four items per person across lines.    

· Tesco is seeking 20,000 new people

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The Body Shop

The Body Shop trading updates and comments:

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The Co-operative Food

The Co-operative Food trading updates and comments:

Last updated: 11/08/20

· Convenience store retailer the Co-op has extended its delivery partnership with Deliveroo to cover 400 of its stores in the UK.

· 26/06/20: The Co-op has warned that it has seen an increase in violence against shopworkers since the coronavirus outbreak, with incidents up 140% in the year to May, and called on the government to introduce legislation to protect store staff.

· 03/06/20: The Co-op has expanded its robot delivery service with Sharship Technologies, as the number of customers using the service in Milton Keynes and Buckinghamshire has “more than doubled” since lockdown, with transaction values up four-fold. The retailer expects same-day delivery from more than 650 UK stores to be available by the end of the year.

· 24/04/20: The Co-op warned that it faces additional costs of more than £200m due to the coronavirus crisis, which will only “in part” be offset by business rates relief and increased food sales. The business has, for instance, taken on 7,000 new workers since the start of the outbreak.

· 09/04/20: The Co-op revealed it is to hire 5,000 new temporary store staff to meet coronavirus demand, for quicker store replenishment and online order fulfilment.          

· Co-op chief executive Steve Murrells is taking a 20% pay cut over the next three months

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The Entertainer

The Entertainer trading updates and comments:

Last updated: 29/05/20

· The Entertainer is set to reopen all 173 of its stores on 15 June with a new ‘ready in 10’ service. The fast-track service allows shoppers queuing for the store to make an order from their smartphone, which can be collected in-store within 10 minutes, and enables customers to tell a store colleague at the door what they want and be fast-tracked to the checkout.

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The Hut Group

The Hut Group trading updates and comments:

Last updated: 22/06/20

· The Hut Group’s technology arm THG Ingenuity has signed more than £100m of new deals with beauty brands Elemis, PZ Cussons Beauty, Burt’s Bees and Revolution Beauty. The partnerships are set to accelerate the brand’s transition to a direct-to-consumer model.

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The Range

The Range trading updates and comments:

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The Very Group

The Very Group trading updates and comments:

Last updated: 13/08/20

· The Very group announced that it expects annual revenue for the 12 months to 30 June to exceed £2 billion for the first time. Fourth quarter sales grew by 36% year-on-year.

· 24/06/20: Very Group is axing 141 roles across head office and customer care, while creating 100 new roles in its technology division as it looks to reshape its business.

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The White Company

The White Company trading updates and comments:

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The Works

The Works trading updates and comments:

Last updated: 07/05/20

· In a full year update, The Works said sales rocketed 81% in the week to 22 March ahead of lockdown, bolstered by demand for “products to support children’s ongoing education, mindfulness materials to support mental health and products to beat the boredom during this period of social distancing”.

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TK Maxx

TK Maxx trading updates and comments:

Last updated: 30/04/20

· TK Maxx has restarted selling online – more than two weeks after it stopped taking orders. It has set daily order limits and warned that lead times could be extended. The retailer has also adopted contactless deliveries with its partner Hermes.

· TK Maxx has closed its distribution centre and is not taking new online orders.

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TM Lewin

TM Lewin trading updates and comments:

Last updated: 30/06/20

· TM Lewin is to close all of its UK stores, having collapsed into administration but been bought back by owner Torque Brands in a pre-pack deal that did not include its shops. Over 600 jobs are now at risk.

· 13/05/20: TM Lewin has been acquired by private equity Torque Brands.

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Topps Tiles

Topps Tiles at Home trading updates and comments:

Last updated: 13/08/20

· Topps Tiles reported robust retail performance in the last six weeks. On a like-for-like basis, retail revenues were up 16% compared with the same period last year amid “strong” demand for home improvement.

· 01/07/20: Topps Tiles’ online sales surged 139% year-on-year in its third quarter to 27 June, helping it perform ahead of revised expectations set at the start of lockdown, although average weekly sales faced a 53% decline in the period.

· 01/07/20: The tile specialist said sales are improving – with like-for-likes down 5.4% year-on-year in the final week of June, from an average of -20% throughout the month, and -80% in April.

· 19/05/20: In a half year update, Topps Tiles said online revenues have surged to three times pre-pandemic levels, but warned that overall sales were “down significantly” because of store closures. The retailer plans to have 250 stores “fully opened” by the end of May, with the remaining 100 opened by the end of June.

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Topshop (Arcadia Group)

Topshop trading updates and comments:

Last updated: 27/07/20

· Fashion house Arcadia, which includes Topshop, Dorothy Perkins and Burton, has reportedly proposed additional cost-cutting to The Pensions Regulator.

· 01/07/20: Arcadia is set to axe around 500 head office jobs as it looks to cut costs during the pandemic. Buying and design teams at Topshop, Miss Selfridge and Dorothy Perkins are reportedly impacted.

· 18/04/20: It has been reported that Arcadia has given notice on at least 100 store leases, which could lead to renegotiations or closures by the end of the summer.

· 09/04/20: In a bid to cut costs, Topshop parent Arcadia is deferring pension payments and has written to suppliers to inform them that it will be cancelling orders and extending its payment terms to 90 days.

· Arcadia's board and senior leadership is taking a pay cut of between 25% and 50% amid the virus. Topshop boss Ian Grabiner has chosen 'to receive no salary or benefits until further notice’.    

· Arcadia is looking to borrow £50m against its Daventry distribution centre as the group fights for survival.    

· Financial Times has reported that Arcadia is expected to close “dozens more branches” on top of its planned closures.

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Uniqlo

Uniqlo trading updates and comments:

No comments

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Urban Outfitters

Urban Outfitters trading updates and comments:

No comments

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Victoria Plum

Victoria Plum trading updates and comments:

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Victorian Plumbing

Victorian Plumbing trading updates and comments:

No comments

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Waitrose (John Lewis Partnership)

Waitrose trading updates and comments:

Last updated: 05/05/20

· Waitrose is opening a new customer fulfilment centre in London’s Enfield on Thursday, reporting that this would see it double the number of available online delivery slots for Londoners by September, adding 13,000 weekly delivery slots.

· 21/04/20: Waitrose sales are up 8% year-on-year since 26 January, driven by cupboard essentials such as rice, pasta, home baking, frozen food and cleaning products.

· 17/04/20: Waitrose’s same day delivery slots are set to increase from 2,000 to 7,000 per week, while its click-and-collect slots are increasing by 10,000 per week to over 30,000 slots a week.

· 09/04/20: Waitrose has introduced a dedicated shopping hour for the elderly.    

· John Lewis Partnership launched a £1m community support fund, with cash distributed through Waitrose for schemes such as local delivery services that support the self-isolating, vulnerable and older people.

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Waterstones

Waterstones trading updates and comments:

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Whistles

Whistles trading updates and comments:

No comments

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White Stuff

White Stuff trading updates and comments:

Last updated: 07/05/20

· White Stuff is preparing to make a “significant” number of redundancies as demand plummets.

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WHSmith

WHSmith trading updates and comments:

Last updated: 10/08/20

· WHSmith is reportedly threatening landlords with a company voluntary arrangement (CVA) to push the cuts through if they don’t agree to ad hoc changes and rent holidays. The retailer has drafted in property adviser Gerald Eve to try to thrash out deals with landlords across its portfolio of 575 town centre stores and 560 travel hub locations across the UK.

· 05/08/20: WHSmith’s unveiled restructuring plans that could see as many as 1,500 redundancies, mostly in travel locations where sales dived 73% year-on-year in July as just 53% of its travel locations have reopened so far. It plans to close 14 small stores in travel locations.

· 05/08/20: WHSmith said it has seen a gradual recovery, with group sales down by 57% year-on-year in July, driven by high street stores where sales were down by 25%. It expects a full-year loss between £70m and £75m for the year ending 31 August.

· 14/05/20: WHSmith reported that revenue plunged 85% year-on-year in April, as sales through its growing portfolio of shops in transport locations nosedived 91% amid temporary closures, while revenue through high street stores was down 74%. Online sales jumped 400% in the month, driven by book purchases.

· 14/05/20: WHSmith is aiming to “significantly reduce or remove rent payments” and move to turnover-based rent.

· 09/04/20: On 7 April, WHSmith successfully raised more than £165m to bolster its balance sheet.          

· WHSmith and Sainsbury’s have extended their supply partnership, which began in July 2018, to hospitals to make it easier for NHS staff to purchase food and essential household items. 80 WHSmith hospital stores will stock an increased range of Sainsbury’s products.

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Wickes

Wickes trading updates and comments:

Last updated: 16/06/20

· Wickes, Toolstation and Tile Giant parent Travis Perkins is set to cut 2,500 UK jobs and close 165 stores – 8% of its portfolio – as it suffers weak demand for building materials due to the pandemic. Closures would focus on smaller branches where social distancing is difficult to implement.

· 30/04/20: On 30 April, Wickes reopened six stores to the public with shorter opening hours.

 Travis Perkins pauses planned Wickes demerger due to “extreme stock market volatility” and suspended paying a full-year dividend to shareholders, due to the “rapidly evolving situation”.

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WiggleCRC

WiggleCRC trading updates and comments:

No comments

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Wilko

Wilko trading updates and comments:

Last updated: 30/04/20

· In its full year update, essential retailer Wilko said: “We quickly invested in safety and protection measures, we’re providing full pay for all our team members without seeking government assistance to do so, we’re working hard to protect as many jobs as we can, and we’ve met all rent and supplier obligations in full to date.”

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Net-a-Porter

Net-a-Porter trading updates and comments:

Last updated: 09/04/20

· Net-a-Porter has closed its London warehouse.

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Zalando

Zalando trading updates and comments:

Last updated: 11/08/20

· Zalando reported a surge in sales and new customers in the first half of 2020. Revenue grew 19.6% year-on-year during the first six months of 2020. The online retailer also achieved a 20.4% increase in its customer base in H1, and said it now serves more than 34 million active customers in Europe.

· 07/05/20: Zalando expects total sales to grow between 10% and 20% this year, having added 50 new partners to its luxury fashion marketplace in the past three weeks, including Vaude, American Eagle Outfitters and Lipsy London.

· 09/04/20: Zalando said it will keep its warehouses open to preserve “business continuity” despite a noticeable fall in demand from customers in areas that have been in lockdown.

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Zara (Inditex)

Zara trading updates and comments:

Last updated: 10/06/20

·  Zara parent Inditex reported its first-ever quarterly loss, at €409m (£363m) in the red during the three months to 30 April, as a result of mandated store closures. Online sales surged 95% in April, but this could not offset revenue lost from 88% of the group’s portfolio being closed at one stage.

·  10/06/20: However, Inditex sales are said to have “gradually” recovered since the start of its second quarter. Where stores have reopened, the fashion group said last week’s sales were down 16% year-on-year.

·  10/06/20: Inditex announced a strategic shift for stores to act as “fashion distribution hubs [in] the world’s leading cities”. Group chair and chief executive Pablo Isla announced plans to invest €900m a year over the next three years to grow online and focus on large stores. By the end of next year, Inditex plans to open 450 new stores and shut up to 1,200 smaller stores.

·  09/04/20: In its full year update, Zara owner Inditex noted that store and online sales had slumped 24.1% (in local currencies) between 1 and 16 March.

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