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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Oct- 2023 -4 OctoberSupermarkets
Tesco raises forecast amid strong H1
Tesco has reported adjusted operating profits of £1.3bn in the UK, an increase of 17.2%, as like-for-like sales across the group increased 7.8% and inflation fell across H1. As a result, it now expects to deliver between £2.6bn and £2.7bn in retail adjusted operating profit for the 2023/24 financial year.…
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3 OctoberNews
Footfall forecast to drop in run-up to Christmas
Christmas for retailers and the hospitality industry will be challenging due to rising bills that will have started to bite since September, the retail intelligence experts at MRI Software, formerly Springboard, are forecasting. It found that this year, footfall across all UK retail destinations will decline on a month-to-month basis,…
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Sep- 2023 -29 SeptemberEconomy
UK households will have £3bn less to spend this Christmas, report finds
UK households are expected to have £3bn less to spend this Christmas compared with last year, according to new research from ecommerce delivery groups ShipEngine and ShipStation, in partnership with Retail Economics. It comes as high levels of inflation have “continued to erode spending power for many households as the…
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27 SeptemberNews
Today’s news in brief-27/09/23
Tesco is freezing prices on over 1,000 items until 2024 in response to the cost-of-living crisis. Products like Typhoo One Cup teabags, Jacobs’ Cream Crackers, and Aquafresh Toothpaste are included. The supermarket is continuously cutting prices, with recent reductions on items like Andrex Toilet Tissue, Free From white rolls, and…
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27 SeptemberSupermarkets
Tesco locks prices on 1,000 products until 2024
Tesco is locking the price of more than 1,000 products until 2024, as consumers continue to face the cost-of-living crisis. Among the 1,000-plus everyday items to have their price locked as part of the latest round of Low Everyday Prices are Typhoo One Cup teabags, Jacobs’ Cream Crackers and Aquafresh…
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27 SeptemberNews
John Lewis unveils new Christmas shops
John Lewis has unveiled its Christmas shops to customers nationwide, featuring more than 1,000 decorations. The announcement comes as demand for festive products has surged since the launch of the online shop last month, which saw sales of Christmas decorations up 25% compared to the same period last year. Supersized…
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26 SeptemberHigh Street
Card Factory profits soar 70% amid strong store sales
Card Factory has seen profits soar by 72.7% to £24.7m in its half-year results, up from £14.3m the prior year. Its profit result was driven by strong sales over the period, with revenues up by 11.5% to £220.8m, as the group welcomed good momentum across the business, particularly in its…
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25 SeptemberNews
UK consumer confidence up four points, says GFK
GfK’s long-running Consumer Confidence Index increased four points to -21 in September amid falling inflation figures, growth in wages and high interest rates. The index measuring changes in personal finances during the last year was up two points at -13; this is 15 points better than September 2022. The forecast…
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22 SeptemberFeatures
The Golden Quarter: Perfect promotions through intelligent merchandising
The 100-day countdown to Christmas – a period which also includes key dates such as Halloween, Black Friday and Cyber Monday in quick succession – is the busiest period in the retail calendar, and unquestionably the most challenging. This year’s Golden Quarter will likely be one of the most difficult…
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21 SeptemberSupermarkets
Tesco’s chief customer officer to step down
Tesco has announced that its chief customer officer, Alessandra Bellini, is set to step down from her role at the end of September. Following her departure, Ashwin Prasad will lead Tesco’s customer and product teams as chief commercial officer. Bellini, who joined in March 2017, will leave Tesco after nearly…
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