Black Friday
This coverage examines Black Fridayโs impact on the UK retail sector, focusing on sales performance, promotional strategies, consumer trends, supply chain pressures, and operational planning. Reporting provides insights into how retailers prepare for and execute campaigns, manage demand, and assess outcomes โ offering valuable context for executives and managers navigating peak trading periods.
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Nov- 2023 -21 NovemberNews
Today’s news in brief-21/11/23
AO World has reported a significant turnaround in its financials for the six months ending September 30. The company posted a profit before tax of ยฃ13m, marking a notable improvement from the previous year’s loss of ยฃ12m. AO World has adjusted its profit guidance for the fiscal year, now anticipating…
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21 NovemberNews
Footfall improves ahead of Black Friday
Footfall edged up 0.4% in the week before Black Friday across all retail destinations, new data from MRI Software suggests.ย High streets recorded the strongest performance where footfall rose 1%. Shopping centres also witnessed a modest rise in footfall of 0.6%, however retail parks saw footfall decline by 1.3% from…
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17 NovemberFeatures
Tim Mason: โThis will be an Omnichannel Christmasโ
Can you tell us a little bit about your career in retail?ย I started out at Unilever in 1979, before joining Tesco from 1982 to 2012. During that time, I held a variety of senior management positions, including being UK CMO, CEO of Fresh and Easy LLC, and eventually deputy…
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16 NovemberElectrical
Marks Electrical sees revenues rise to ยฃ53.9m
Marks Electrical Group has reported a 24.8% increase in revenues to ยฃ53.9m in H1 2024 compared with ยฃ43.1m in H1 2023. However, for the six months ended 30 September 2023 its adjusted EBITDA decreased from ยฃ2.7m to ยฃ2.3m due to the strategic decision to introduce its own installation service, combined…
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13 NovemberNews
Two-thirds of retailers warn peak trading will be hit ahead of Christmas
Two-thirds of retailers say the โdouble whammyโ of spiralling interest rates and inflation will hit peak trading in the run-up to Christmas, according to a newย Inventory Plannerย survey. More than four out of ten sellers (41%) are planning to buy less stock for festive shoppers because of the impact of 14…
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10 NovemberFeatures
Riskified: โThereโs a sliding scale of policy abuseโ
Can you tell us a little bit about your role at Riskified? Iโve been working with large enterprises for the last 15 years, focusing on the adoption of growth solutions. I joined Riskified two years ago during an interesting time when policy abuse had really started to scale and become…
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10 NovemberClothing & Shoes
Asos to launch first pop-up store ahead of Black Friday
Asos is set to launch its first four-storey pop-up store in Central London from 23-26 November. The Asos In Real Life pop-up will welcome customers to an immersive space at 11 Rathbone Place, where they will be able to experience its fashion โfirst-handโ, with a curated edit of AW23 collections…
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7 NovemberNews
Today’s news in brief-7/11/23
Fast fashion brand Shein has reportedly expressed interest in acquiring Topshop. This comes shortly after the acquisition of Missguided and its intellectual property rights from Frasers Group. Asos, the current owner of Topshop, has been considering selling the brand to bolster its financials following a significant loss of nearly ยฃ300m…
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7 NovemberNews
October retail sales slow as consumers delay Christmas spending
Total UK retail sales increased by 2.5% in October, against a growth of 1.6% in October 2022 as consumers delay their Christmas spending in the hopes they can grab a bargain in the upcoming Black Friday sales, according to the BRC-KPMG Retail Sales Monitor. The total sales growth was below…
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1 NovemberNews
Today’s news in brief-1/11/23
Asda has successfully finalised its acquisition of EG Group’s UK business, a deal valued at a substantial ยฃ2bn. This strategic move allows Asda to take ownership of EG Group’s UK&I operations, which encompass fuel, foodservice, grocery, and merchandise businesses. Notably, EG Group has clarified that it will retain operations in…
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