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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Nov- 2023 -13 NovemberNews
Two-thirds of retailers warn peak trading will be hit ahead of Christmas
Two-thirds of retailers say the ‘double whammy’ of spiralling interest rates and inflation will hit peak trading in the run-up to Christmas, according to a new Inventory Planner survey. More than four out of ten sellers (41%) are planning to buy less stock for festive shoppers because of the impact of 14…
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13 NovemberHigh Street
The Range losses widen to £11.7m in FY23
The Range has reported that losses have widened to £11.7m, falling more than 10% in the financial year ended 29 January 2023. Gross profit margins also dropped from 33% to 31.9% in the year, which the retailer attributed to higher costs of goods purchased and freight costs, as well as…
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10 NovemberFeatures
Riskified: ‘There’s a sliding scale of policy abuse’
Can you tell us a little bit about your role at Riskified? I’ve been working with large enterprises for the last 15 years, focusing on the adoption of growth solutions. I joined Riskified two years ago during an interesting time when policy abuse had really started to scale and become…
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9 NovemberHigh Street
The Works lowers guidance due to sales uncertainty
The Works has announced that it has lowered its full-year guidance to an adjusted EBITDA of approximately £6.0m due to uncertainty in the second half of the year. The company stated that it anticipates trading conditions during H2 FY24 tol remain challenging and consumer spend to be subdued. However, the…
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8 NovemberNews
M&S profits soar 75% to £360m in H1
M&S has reported its profit before tax soared by 75.3% to £360.2m in the first half of the year, up from £205.5m the prior year, as its Food and Clothing and Home businesses both outperformed the market. Overall sales increased by 10.8% to £6.1bn in the period, compared to £5.5bn…
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7 NovemberNews
Today’s news in brief-7/11/23
Fast fashion brand Shein has reportedly expressed interest in acquiring Topshop. This comes shortly after the acquisition of Missguided and its intellectual property rights from Frasers Group. Asos, the current owner of Topshop, has been considering selling the brand to bolster its financials following a significant loss of nearly £300m…
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7 NovemberHigh Street
Majestic opens small-format store in Crouch End
Majestic Wines has opened its newest 3,150 sq ft small-format store in Crouch End, which will carry the retailer’s full range of more than 1,200 products. The store is located on Crouch End Hill alongside other businesses M&S Simply Food, Waitrose and Gail’s Bakery. The retailer’s staff will host free…
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7 NovemberNews
Lounge to open pop-up at Liverpool One
Underwear brand Lounge is set to launch a Christmas pop-up store at Liverpool One, marking its city debut. Set to open this December on South John Street in a 4,000 sq ft space, the move from the rapidly expanding brand bolsters Liverpool One’s position as the destination of choice for…
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7 NovemberSupermarkets
Grocery price inflation hits single digits for first time this year
Grocery price inflation has fallen below 10% for the first time since July 2022 and now sits at 9.7% for the four weeks to 29 October 2023, according to the latest data from Kantar. It comes as take-home grocery sales over the same period rose by 7.4% compared with last…
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7 NovemberNews
October retail sales slow as consumers delay Christmas spending
Total UK retail sales increased by 2.5% in October, against a growth of 1.6% in October 2022 as consumers delay their Christmas spending in the hopes they can grab a bargain in the upcoming Black Friday sales, according to the BRC-KPMG Retail Sales Monitor. The total sales growth was below…
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