There are big questions around how keen consumers will be to return to physical shops once non-essential UK stores reopen in the middle of June, but the indications so far are that there's plenty of pent-up demand.
Australian discount department store retailer Target could see up to 75 of its stores being closed and many others converted to another of its owner’s banners. Over 1,000 jobs will be affected, owner Wesfarmers said.
With retail going through a major transformation due to the coronavirus pandemic, a new report says that one key difference we’ll see going forward is the larger number of older people shopping online.
Department store chain John Lewis’s blueprint for reopening its shops is still a work in progress even though the potential opening date is looming early next month. And it says reopening will also be a learning curve.
M&S has plans to hibernate some of its SS20 stock as it reveals a big sales hit due to the pandemic. But the firm is upbeat and says Clothing & Home is progressing, even though fashion retail will change post-crisis.
Giorgio Armani has reopened around one hundred boutiques in his global retail network on Monday, May 18, with added security measures, a new system of booking appointments; also, he will open Armani Silos this week.
M&S has surprised the fashion retail sector by saying that its new managing director of the under-pressure Clothing & Home unit will start earlier than expected. Richard Price will join the retail giant on July 6.