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.
-
Nov- 2023 -16 NovemberNews
Today’s news in brief-16/11/23
Mars has acquired Hotel Chocolat in a £534m deal, offering a 168% premium on the share price. Mars sees cultural alignment between the two companies, sharing values of quality, sustainability, and purpose. Hotel Chocolat’s directors deemed the deal “fair and reasonable.” Mars, with its international footprint and global supply chain,…
Read More » -
16 NovemberElectrical
Marks Electrical sees revenues rise to £53.9m
Marks Electrical Group has reported a 24.8% increase in revenues to £53.9m in H1 2024 compared with £43.1m in H1 2023. However, for the six months ended 30 September 2023 its adjusted EBITDA decreased from £2.7m to £2.3m due to the strategic decision to introduce its own installation service, combined…
Read More » -
16 NovemberSupermarkets
Iceland posts £17m full-year loss amid soaring energy prices
Iceland has fallen to a loss of £17.1m in its latest full-year results following a “wholly unprecedented” rise in global energy costs. It comes as the group saw a £93.6m rise in energy costs, which it attributed to the global surge in wholesale prices following Russia’s invasion of Ukraine. Nonetheless,…
Read More » -
15 NovemberNews
Today’s news in brief-15/11/23
Central Group, a Thai conglomerate and co-owner of Selfridges, has reportedly become the largest shareholder by converting a €364m loan into equity. This move follows reports of financial troubles at Signa Group, the other key shareholder. Restructuring efforts were initiated due to rising borrowing costs and falling property valuations. Selfridges,…
Read More » -
15 NovemberNews
Sainsbury’s donates one million meals through Coronation Food Project
Sainsbury’s is donating one million fresh meals to support families in need this winter to mark the launch of a new partnership with FareShare, the UK’s biggest charity tackling food waste to support social good. More than one million meals will be supplied by two of Sainsbury’s fresh food suppliers,…
Read More » -
15 NovemberSupermarkets
UK supermarkets sales rise 8.7% despite cautious consumer spending
Total Till sales at UK supermarkets increased 8.7% in the last four weeks ending 4 November 2023, according to new data released today by NIQ . This growth is against the backdrop of slowing inflation and an increase in promotional activity (24%, up from 21% last year) by supermarkets as…
Read More » -
15 NovemberDepartment Stores
Thai investor takes control of Selfridges
Central Group, the co-owner of Selfridges, has taken control of the department store after fellow key shareholder Signa Group was hit by a cash crisis. According to The Telegraph, the Thai conglomerate has now become its largest shareholder after converting a €364m (£317m) loan to Selfridges into equity. Earlier this…
Read More » -
15 NovemberSupermarkets
Asda cuts debt as Q3 sales slow
Asda has announced that it has shaved £300m off its debt pile during the third quarter of the year while also revealing it has seen its sales slow during the period. In the three months to the end of September, the supermarket paid off the £200m loan it took out…
Read More » -
15 NovemberNews
Joe Browns appoints new chairman
Joe Browns, the Leeds-based fashion and home retailer, has announced that Michael Truluck had joined as chairman with immediate effect. The move will be Truluck’s first chair position after recently leaving his role as CEO of La Redoute International, to spend more time with his family in Yorkshire and to…
Read More » -
14 NovemberHealth & Beauty
Revolution Beauty raises FY23 guidance as profits rise
Revolution Beauty has raised its profit guidance for the financial year as it has revealed a pre-tax profit of £400k, an increase from a loss of £13.7m, in the six months ended 31 August. The company’s operating losses also narrowed from £12.5m to £500k over the period, which Revolution attributed…
Read More »
