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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Jun- 2024 -4 JuneSupply Chain
Retailers reportedly scramble for Xmas stock amid surge in shipping costs
European retailers are reportedly scrambling to get their Christmas orders early amid higher shipping costs and trade route disruptions that are impacting holiday deliveries, experts have told the BBC. In the midst of the Israel-Palestine war, many Western firmsโ vessels have been attacked by the Houthi rebels backing Hamas over…
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May- 2024 -22 MayOnline & Digital
Music Magpie trading in line with expectations amid takeover talks
Music Magpie has announced that its Q2 trading has been broadly in line with management’s expectations and has benefitted from cost control and lower overheads amid takeover talks. Ahead of its AGM today (22 May 2024), the group has stated that its FY23 financial results on 13 March 2024, started…
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15 MayClothing & Shoes
Boux Avenue upbeat on performance despite widening losses
Retail boss Theo Paphitis is upbeat on the performance of his lingerie brand Boux Avenue despite the company seeing its pre-tax losses widen from ยฃ1.5m to ยฃ8.7m, according to its delayed accounts filed with Companies House for the full-year ended 1 April 2023. The brand said external challenges such as…
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Apr- 2024 -5 AprilGovernment
Theo Paphitis slams govโs โdisappointingโ attitude towards retailย
Theo Paphitis has called out the governmentโs โdisappointingโ attitude towards the industryโs importance, Retail Week has reported.ย It comes as Paphitisโ retail group, which comprises Ryman, Robert Dyas and Boux Avenue, achieved improved profitability in its full-year results. Paphitis said he had increased investment in his brands, whilst the government was…
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Feb- 2024 -16 FebruaryEconomy
Retail sales jump 3.4% giving optimism despite recession
Retail sales in the UK jumped 3.4% in January 2024 after falling 3.2% in December, according to data from the Office for National Statistics. This is the biggest rise in retail sales since April 2021 when the UK had just emerged from the third covid lockdown. The price of goods…
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Jan- 2024 -30 JanuaryNews
Freemans sales jump 5% during Christmas
Freemans, the digital department store, announced today (30 January) a strong Christmas trading with continued growth. Sales figures for the eight weeks to 31 December 2023 rose 5% when compared to the same period last year and were set against a challenging backdrop for the retail sector for this Christmas.…
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19 JanuaryNews
Retail sales drop 3.2% in December, ONS says
Retail sales volumes are estimated to have fallen by 3.2% in December 2023, from a rise of 1.4% in November 2023, the ONS has revealed.ย December’s decrease was the largest monthly fall since January 2021, when Covid-19 restrictions affected sales. Looking at the quarterly picture, sales volumes fell by 0.9%…
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17 JanuaryEconomy
Footfall climbed 3.3% in 2023 despite cost-of-living crisis
Footfall steadily rose by 3.3% in 2023 compared with the previous year, despite the rising prominence of the cost of living crisis, according to MRI Softwareโs latest retail outlook report.ย The findings suggest that consumers found a way to spread costs, as retail โstood firmโ in the face of the…
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11 JanuaryNews
Today’s news in brief-11/1/24
Marks & Spencer emerged as the top-performing grocer in volume growth during the Christmas period and the quarter. Food sales rose by an impressive 10.5%, with like-for-like sales up 9.9%. Clothing and home sales also experienced growth of 4.8%, attributed partly to reduced promotions. Supply chain improvements contributed to better…
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11 JanuaryClothing & Shoes
Online fashion revenues rise 6% YoY in December, True Fit finds
Online fashion revenues rose by 6% year-on-year in December 2023 compared with the same time last year, buoying the overall โmutedโ Golden Quarter fashion sales, True Fit data has revealed.ย True Fitโs Fashion Genome, which pulls together the preferences of 82 million active shoppers and over 20,000 brands, showed that…
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