JD Sports has reacted angrily after the competition watchdog decided to ban its Footasylum buy. Given that the company has already taken control of its smaller peer, it means it now has to sell the Footasylum business.
The very public apology made by Frasers CEO Mike Ashley on Friday underlines the importance of good PR during the coronavirus crisis and an analyst has said that "exemplary ethics will pay off" once the outbreak is over.
Mike Ashley issued a rare apology for his actions in recent days on Friday and said Frasers Group has offered its support to the NHS and is "poised and ready, with our entire fleet of lorries at their disposal".
Shortly after the closure of non-essential retailers was ordered on Monday to curb the spread of coronavirus, the parent company of Sports Direct wrote to its staff to say the next day would be business as usual.
Frasers Group has changed its mind after coming in for heavy criticism over its plan to keep Sports Direct and Evans Cycles stores open "where possible" following the UK government’s order for clothing stores to close.
Frasers Group is the latest UK retailer to issue a coronavirus statement and while it's shorter than some updates that other retailers have shared, it laid bare the uncertainty that the pandemic is causing at the moment.
River Island has committed to publishing the names and locations of the Tier 1 factories that manufacture its clothes by the end of March, in an initiative that aims to provide further transparency in the supply chain.