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- 2024 -13 FebruaryHealth & Beauty
The Body Shop collapses into administration, 2,000 jobs at risk
The Body Shop UK has collapsed into administration, in a move that could see up to 2,000 jobs at risk. German buyout company, Aurelius, confirmed that it has appointed FRP Advisory as administrator following the group’s collapse in the UK. The retailer’s international business will not be affected by the…
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13 FebruaryNews
Aldi to invest £550m in store and distribution network
Aldi will invest more than £550m in expanding and further improving its store and distribution network during 2024. This includes plans to open stores in new locations up and down the country, as well as upgrading its existing stores and distribution centres to support growth. New stores set to open…
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8 FebruaryLuxury Goods
Watches of Switzerland sees Q3 revenues drop 1%
Watches of Switzerland has announced that its revenues fell 1% on a constant currency basis £397m, down from £407m, for the 13 weeks ended 28 January 2024. The company stated that trading in the run-up to and beyond Christmas was tougher than originally expected, particularly in the UK amidst slower…
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7 FebruaryNews
Today’s news in brief-7/2/24
Amazon’s Luxury Stores in Europe have partnered with resale platform Hardly Ever Worn It to offer pre-owned luxury items across various categories. This collaboration aims to provide customers in the UK, Germany, Spain, and Italy with access to high-quality, designer goods that have hardly been worn. Hardly Ever Worn It…
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7 FebruarySupermarkets
Jan supermarket sales remain buoyant
Total Till sales at UK supermarkets experienced continued growth (+6.6%) in the last four weeks ending 27 January 2024, according to new data released today by NIQ. The firm said the increase is reflective of a slow down (6.1%) in food inflation, which is at its lowest rate since June…
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2 FebruaryPeople Moves
Mamas and Papas names new CFO
Mamas and Papas has announced the appointment of Sarah Ashby, Asda’s former finance executive, as its new chief financial officer. The news comes as the retailer aims for a record year after reporting a successful Christmas trading period in 2023. Ashby, who officially joined the retailer on 19 January, most…
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2 FebruaryPeople Moves
Sainsbury’s boss to unveil new cost saving targets
Sainsbury’s boss Simon Roberts is reportedly set to unveil the next phase of its strategy next week which is thought to include a new set of cost saving targets, according to Reuters. The outlet reported that the chief executive will announce the new strategy on the 7 February in order…
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1 FebruaryNews
Today’s news in brief-1/2/24
Lloyds Pharmacy, now known as Diamond DCO Two Limited, entered voluntary liquidation, owing £293m to 514 creditors. The liquidation process will be handled by Martin Armstrong and Andrew Bailey of Turpin Barker Armstrong Accountants. The majority of the debt is owed to current and former owners, including Diamond DCO One,…
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1 FebruaryNews
UK footfall falls 20.1% in January
Footfall across UK retail destinations in January has followed the traditional post-Christmas dip with activity declining by 20.1% from December 2023. Historically, this decline in footfall has averaged 22.6% in January from 2009 – which is when MRI Software first started publishing its footfall benchmarks – to 2020, therefore this…
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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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