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 -1 NovemberNews
Matches reports £33m loss in FY22
Matches, the modern luxury shopping destination, has posted an adjusted EBITDA loss of £33.7m for FY22. For the year ended 31 January, revenues slightly slipped to £380.1m, compared to £386.6m in FY21. However, order demand came at £758.2m, up 12% to £677.1m reported the previous year. Matches has also updated…
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Oct- 2023 -31 OctoberClothing & Shoes
Footasylum furthers expansion with new Birmingham and Watford stores
Footasylum has continued its expansion with the opening of two new stores, having opened a new site in the Bullring in Birmingham, and one in the atria shopping centre in Watford. Following these openings, the group said an upsized store in Fosse Park Leicester will also be opening next month. …
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27 OctoberNews
Today’s news in brief-27/10/23
Tesco has appointed Matthew Barnes as the new UK CEO, effective March 2024, succeeding Jason Tarry, who will step down after 33 years with the company. Barnes, with extensive experience at Aldi, previously served as UK&I CEO and co-head of Aldi Sud’s executive board. Under Tarry’s leadership, Tesco underwent a…
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27 OctoberHigh Street
Standalone Wilko stores to return to high street this year
Standalone Wilko stores are set to return to the high street and retail parks across Britain, including Northern Ireland for the first time, as new owner The Range prepares to roll-out the brand once again. Five stand-alone concept stores will now open before Christmas 2023, and the first two locations…
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27 OctoberSupermarkets
Tesco names Matthew Barnes as new UK CEO
Tesco has announced the appointment of Matthew Barnes as its new UK CEO effective from March 2024, following news that current CEO Jason Tarry will be stepping down after 33 years at the retailer. Barnes is a highly accomplished retailer, having worked in many senior positions in Aldi. He was…
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26 OctoberEconomy
Some 88% of retailers expect sales boost from Black Friday
Some 88% of retailers are expecting Black Friday to have an impact on sales, closely followed by ‘Panic Saturday’ – the last Saturday before Christmas – with 85%, according to the latest Virgin Media O2 Business Movers Index. The index, which is built using aggregated and anonymous data by O2…
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26 OctoberLuxury Goods
Majestic Wine furthers expansion with two new openings
Majestic Wine has furthered its expansion plans after opening two new stores in the same week for the first time in a decade. The wine retailer returned to Chippenham on 24 October, four years after its former store in the town was closed down by previous management. After the group…
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24 OctoberNews
Today’s news in brief-24/10/23
Furniture retailer ScS has agreed to be acquired by Italian brand Poltronesofà in a £99.4m deal. This acquisition, representing a premium of 66% to the closing price per ScS share in October, has been recommended to shareholders and is expected to be completed in early 2024. Poltronesofà views this as…
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24 OctoberDepartment Stores
Poundland to recruit 1,200 colleagues this festive season
Poundland has confirmed its plans to recruit 1,200 colleagues to work in stores across the UK and Ireland this festive season. The retailer will take on the workers in temporary roles in the run-up to Christmas. While the majority of these shop floor roles will end on Christmas Eve, some…
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23 OctoberClothing & Shoes
JD Sports launches new loyalty app
Sports retailer JD Sports has announced the launch of its JD Status loyalty programme app across its JD stores in the UK. The new app, which already operates in the United States, rewards loyal customers with cashback on purchases of their favourite brands ahead of its peak Christmas shopping period.…
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