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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Dec- 2023 -13 DecemberClothing & Shoes
Sosandar maintains FY guidance despite half-year loss
Sosandar has fallen to a pre-tax loss of £1.3m in its half-year results, down from a profit of £0.1m the prior year, but maintained its full-year outlook following strong autumn trading. The company saw revenues rise by 6% to £22.2m in the six months ended 30 September, with trading said…
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12 DecemberNews
Today’s news in brief-12/12/23
Fast-fashion giant Shein is reportedly exploring the possibility of an initial public offering (IPO) on the London Stock Exchange. Chairman Donald Tangmet reportedly met with LSE executives in London to discuss the potential move. The talks are said to have focused on a UK listing, with Shein also considering raising…
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12 DecemberSupermarkets
Total till sales slow as shoppers save to spend £5bn on Xmas week
Total Till sales at UK supermarkets slowed +6.8% in the last four weeks ending 2 December 2023, according to new data released today by NIQ. NIQ said the slowdown in growth is due to shoppers prioritising saving and delaying spending to take advantage of seasonal promotions during the week of…
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11 DecemberNews
Today’s news in brief-11/12/23
November proved to be a challenging month for UK retailers, with Black Friday discounts failing to uplift sales, according to figures from accountancy firm BDO. Despite a positive start with a 4.7% increase in week one, like-for-like sales in November declined by 0.3% compared to the previous year. The fashion…
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11 DecemberSupermarkets
Asda lorry strikes could lead to Xmas food shortages, union warns
Asda may face food shortages over the festive period following strike action amongst its lorry drivers. It comes as Unite confirmed that around 80 HGV drivers, employed by Wincanton on an Asda contract, will strike over the Christmas period at the supermarket’s Rochdale operations hub. The union confirmed drivers will…
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7 DecemberNews
Black Friday 2023 surpasses 2019 levels
Black Friday weekend was the busiest day of 2023, slightly surpassing 2019’s figures, according to new figures released today (7 December) by New West End Company. Driving uplift was early morning shoppers, with higher footfall concentrated between 8am – 12pm. This is likely down to the rise in savvy spenders,…
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7 DecemberClothing & Shoes
Frasers H1 profits rise 25.7% to £364.7m
Frasers Group has revealed that retail profits from trading increased by 25.7% to £364.7m in the half-year period ended 29 October, driven by the “strong” performance from Sports Direct. During the period, Frasers also revealed that profit before tax increased by 8% to £310.2m, while profit after tax rose by…
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5 DecemberNews
Today’s news in brief-5/12/23
Independent luxury retailer Jules B is reportedly contemplating a Company Voluntary Arrangement (CVA) following a ransomware attack that occurred in September. The MD and co-founder, Julian Blades, has sought assistance from KSA Group to navigate through the financial challenges. The retailer aims to focus more on its website, which constitutes…
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5 DecemberNews
Lounge opens pop-up at Liverpool One
Underwear brand Lounge has launched its Christmas pop-up store on Liverpool One’s South John Street that will run until December 23. The 4,000 sq ft store delivers a premium shopping experience showcasing the brand’s range of lingerie, loungewear, and nightwear. Championing its ‘Comfort Made Sexy’ tagline, the store offers fully…
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5 DecemberSupermarkets
December to see £13bn in grocery sales for first time, Kantar says
Take-home grocery sales are expected to surpass £13bn for the first time ever this December, according to marketing data and analytics company Kantar. It comes as its latest figures found that sales grew by 6.3% over the four weeks to 26 November 2023 to reach £11.7bn. Kantar said the cost…
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