Christmas
This coverage explores the critical Christmas trading period in the UK retail sector, focusing on sales performance, promotional strategies, consumer trends, supply chain planning, and operational challenges. Reporting highlights how retailers prepare for and execute peak season campaigns to maximise revenue and manage demand. Designed for executives and managers, it provides insights into effective planning and competitive positioning during the festive season.
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Feb- 2018 -13 FebruaryClothing & Shoes
Insolvency cracks showing with one in five fashion retailers
Some 19% of UK clothing retailers are currently exhibiting early warning signs that they are at risk of going insolvent, according to research by accountancy firm Moore Stephens. Out of 35,078 fashion retailers analysed, 6,580 are showing early signs of financial distress, which can include a large fall in revenue…
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12 FebruaryDepartment Stores
House of Fraser appoints Rothschild to refinance debt
House of Fraser has appointed independent financial advisory group Rothschild to advise it as the department store chain prepares to refinance its debt package. Rothschild will advise the retailer on the refinancing of £225m of its £390m debt package, which matures in July 2019. Its remaining £165m publicly traded bond…
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8 FebruaryAdvice
Five ways paid search can help retailers maximise sales events
Accounting for an estimated £8bn sales in 2017, Black Friday is a firm fixture on the retail calendar, even stealing sales from more traditional Christmas spending (December spending fell by 1.5% according to ONS). Having merged into Cyber Monday, the most effective ‘Black Fridays’ last year were actually week-long events,…
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8 FebruaryClothing & Shoes
Debenhams puts 320 jobs at risk with new cost-cutting drive
Fashion retailer Debenhams has announced a new cost cutting drive that could put 320 positions at risk of redundancy. The firm said the employee reshuffle will improve the company’s finances, after the group’s shares plunged by 20% due to a ‘disappointing’ Christmas trading period. A profit warning was issued due…
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7 FebruaryGovernment
Poundland Christmas Elf campaign banned by ASA
The Advertising Standards Authority (ASA) has banned Poundland’s ‘Elf Behaving Badly’ campaign following the numerous complaints it received. The Christmas campaign was run on Poundland’s social media pages and depicted a children’s toy elf in a series of pictures that had sexual connotations. ASA said it received 85 complaints…
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7 FebruaryHigh Street
Warren Evans goes into administration
Bed and furniture retailer Warren Evans has gone into administration putting its 14 stores and one factory at risk. The retailer was looking for a buyer in January and independent advisors Duff and Phelps were appointed to handle the sale with the aim of completing the sale by the end…
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6 FebruaryEconomy
Consumer spending grows 3.9% in January
Consumer spending increased 3.9% in January, partially driven by price increases that continued to drive uplifts in ‘essential’ spending. That is according to data from Barclaycard, which processes nearly half of the nation’s credit and debit card transactions. Spending growth on day-to-day necessities surpassed 4% for the first time in…
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5 FebruaryPeople Moves
Tesco appoints new UK CEO Charles Wilson
Tesco has appointed Booker Group boss Charles Wilson as the new CEO for its UK and Ireland retail and wholesale operations. Wilson will take over from current chief executive Matt Davies in April after the supermarket giants’ £3.7bn takeover of Booker. Tesco group chief executive Dave Lewis said: “I am…
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2 FebruaryTechnology
Apple announces record-breaking quarter with £14.1bn net profit
Technology giant Apple has posted a record-breaking £14.1bn in net profit for the three months ending December 30 2017. The world’s most valuable company also posted a 13% increase in revenue to £62.07bn for the same period. This comes despite a decrease of 1% in the number of iPhones sold…
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1 FebruaryEntertainment
2,400 jobs at risk again as Toys R Us UK future back in doubt
Toys R Us UK is again under threat amid reports that its US parent company is seeking a buyer for the British business just weeks after securing support for a rescue plan. According to Sky News, Alvarez & Marsal, the company dealing with the US retailer’s bankruptcy protection, has begun…
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