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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Dec- 2024 -3 DecemberNews-In-Brief
Today’s news in brief-3/12/24
Boohoo has repaid ยฃ50m of its ยฃ97m term loan following a ยฃ39.3m oversubscribed fundraising effort. The move aligns with its turnaround strategy after half-year losses tripled to ยฃ27.4m and revenue dropped 15% to ยฃ619.8m. CEO Dan Finley called Boohoo “significantly undervalued” as major shareholders, including the Kamani family, boosted their…
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3 DecemberNews
UK retail sales dip 3.3% in November
UK total retail sales decreased by 3.3% year on year in November, against a growth of 2.6% in November 2023, the British Retail Consortium showed. According to the new figures, this was below the 3-month average growth of -0.1% and the 12-month average growth of 0.5%. However, the BRC said…
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2 DecemberHigh Street
Black Friday helps boost retail footfall
The week of Black Friday combined with the recovery from Storm Bert provided UK retail destinations with a welcome boost in footfall, according to the latest data from MRI Software. Footfall rose by +13.6% in all UK retail destinations last week compared to the week before. This was driven by…
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Nov- 2024 -26 NovemberElectrical
AO raises guidance as half-year profits hit ยฃ17m
Electrical retailer AO has raised its full-year forecast to between ยฃ39m and ยฃ44m, as profits before tax rose 30% year-on-year to ยฃ17m for the six months to 30 September.ย Group revenues are now expected to hit between ยฃ1.09bn and ยฃ1.13bn, as AO saw half-year revenue growth of 13% in its…
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25 NovemberHigh Street
BRC urges public to give retail workers gift of a ‘safe Christmas’
Ahead of Black Friday and the busy festive period, the British Retail Consortium (BRC) and its retail members are calling on the public to โstand together against violence and abuse towards retail workers this Christmasโ. The BRC said Christmas is an โincredibly complex and challenging time of yearโ for the…
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22 NovemberAnalysis
Retail insights for the Golden Quarter ahead
The Golden Quarter โ November to January โ remains the most critical period for UK retailers, and in 2024, the stakes are higher than ever. Consumers are still risk-averse in the run-up to Christmas, but coupled with the rise of social commerce and growing sustainability concerns, you get both challenges…
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22 NovemberFeatures
Black Friday and Returns Tuesday: How should retailers prepare?
As the retail sector gears up for the peak trading season, Black Friday remains a pivotal event, leading the way for a whirlwind of sales and consumer activity. Yet, the day also sets the stage for another less celebrated occasion: Returns Tuesday.ย This phenomenon, occurring shortly after Black Friday, sees…
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22 NovemberEconomy
UK consumer confidence rises post-budget
UK consumer confidence increased three points to -18 in November, according to GfKโs long-running index. The survey revealed that all measures were up in comparison to last monthโs announcement. The index measuring changes in personal finances during the last year was up one point at -9. Meanwhile, the survey revealed…
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18 NovemberFeatures
Digital shelf analysis: The secret weapon for brands this golden quarter
In Britain, 67% of consumers plan to spend the same or more than last year during the 2024 golden quarter1 so brands will need to pull out all the stops to get their slice of the pie, particularly when it comes to sales and marketing strategies. With huge retail events…
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14 NovemberClothing & Shoes
Boohoo raises ยฃ39m through fundraiser as half-year losses triple
Boohoo has raised ยฃ39.3m through a โsignificantly oversubscribedโ fundraising launch with shareholders after its losses tripled in its half-year results.ย In the half-year ended 31 August 2024, adjusted pre-tax losses widened to ยฃ27.4m, up from a loss of ยฃ9.1m the prior year. Revenues also fell by 15% from ยฃ729.1m to ยฃ619.8m.…
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