Mike Ashley’s Frasers becomes latest retailer to warn on profits

Mike Ashley’s Frasers becomes latest retailer to warn on profits due to ‘significant disruption’ from coronavirus outbreak Frasers no longer expects profits to grow by the 5 to 15% in the year to April  The retail group also dropped its forward guidance due to the uncertainty Last year Frasers made profits of £287.8million Coronavirus symptoms: … Read more

Ailing retailer Laura Ashley seeks further £15m rescue loan just weeks after emergency funding deal

Ailing retailer Laura Ashley seeks further £15m rescue loan just weeks after emergency funding deal It was saved from collapse last month by £20m lifeline from US bank Wells Fargo It  said it is ‘in advanced discussions with a third-party lender’  But there are fears of the impact of coronavirus  By Daily Mail City & … Read more

Coronavirus fears prompt Tesco delivery drivers to advise each other to take the retailer to COURT

Tesco delivery drivers have advised each other to take their employer to court if they have to deliver food to people who ‘they are aware of being in self-isolation’ at home due to the coronavirus.  In a forum for Tesco employees, the drivers questioned whether or not it was a fair request to be asked … Read more

Rent-to-own retailer BrightHouse on brink after surge of mis-selling claims

Rent-to-own retailer BrightHouse on brink after surge of mis-selling claims  Accountancy firm Grant Thornton is on standby to handle a potential insolvency The collapse of BrightHouse would put 2,400 jobs at risk The firm offers rent-to-own deals on electrical goods to hard-up shoppers  By Harriet Dennys For The Mail On Sunday Published: 22:20 GMT, 29 … Read more