Department Stores

In a bid to save the business amid the ongoing coronavirus pandemic Debenhams is deferring concession balances for 30 days.

// Beales’ unsecured creditors are owed around £17.6m, according to a report from administrators // The unsecured creditors includes suppliers, fashion concessions, staff and landlords //...

Moody’s has downgraded Marks & Spencer’s credit rating as the coronavirus outbreak is expected to affect the company's outlook

// Mike Ashley writes open letter apologising to staff for how Frasers Group has handled coronavirus response // "Our emails to the government were ill-judged...

Fenwick has announced the temporary suspension of its e-commerce operation due to the COVID-19 crisis.

// Debenhams joins fast-growing list of retailers that are temporarily shutting stores amid coronavirus pandemic // It had previously requested a rent holiday from landlords...

Debenhams has reportedly mulling further rent cuts and additional store closures as part of its ongoing CVA.

From tomorrow, its network of Waitrose shops will set aside a proportion of hard-to-find items exclusively for NHS staff.

New Look, H&M, River Island, Reiss, Harrods have joined a rapidly-growing list of retailers temporarily shutting their UK stores.

The John Lewis Partnership has announced it will temporarily close all 50 of its department stores.