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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Jan- 2023 -6 JanuaryHealth & Beauty
Holland and Barrett appoints new executive chair
Holland and Barrett has announced the appointment of Alex Gourlay as its new executive chair. He has taken over from Michael Casey who has held the position as executive chair since September 2021. Casey has also been a non-executive board member since 2017 and will also remain in that role.…
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5 JanuaryHigh Street
Next ups guidance amid strong Christmas sales
Next has increased its full year profit before tax guidance by £20m to £860m, as sales in the Christmas period have been “better than anticipated”. The retailer’s profit outlook has seen an increase of 4.5% compared with last year, following a 4.8% rise in full price sales in the nine…
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5 JanuaryHigh Street
Greggs sales surge 23% in FY22
Greggs has announced that its FY22 sales were £1.5bn, an increase of 23.0% compared with the equivalent period in 2021 (£1.2bn). During the 52-week period, like-for-like sales in company-managed shops were 17.8% higher than sales seen in 2021, with fourth quarter like-for-like sales in company-managed shops growing by 18.2%. It…
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4 JanuaryHigh Street
Matalan lenders close in on takeover deal
A group of investors who have lent hundreds of millions to Matalan are closing in on a deal to take over the company, according to reports from Sky News. Senior lenders, including big names such as Invesco and Man GLG, could agree a deal in the next two weeks which…
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4 JanuaryEconomy
Food inflation hits record high of 13.3%
ood inflation accelerated to the highest inflation rate in the category on record, after jumping to 13.3% in December, up from 12.4% in November and above the three-month average rate of 12.5%, according to the latest figures from BRC and Nielsen. Fresh Food inflation accelerated in December to 15.0%, up…
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3 JanuaryNews
Footfall drops almost 30% post-Christmas
Retailers in the UK saw footfall decrease 27.7% last week compared to the week before Christmas, which was just 7% higher than this week last year, according to data from Springboard. This number was nearly 20% lower than the number in 2019, although Springboard did attribute some of this to…
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3 JanuarySupermarkets
Aldi hails record December as sales top £1.4bn
Aldi’s Christmas sales during December soared 26%, topping £1.4bn for the first time. The figures, which reflect an increase in demand, come as the UK’s cheapest supermarket helped millions of families celebrate together despite the rise in cost of living. Fresh meat sales saw particularly strong growth as poultry and…
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Dec- 2022 -23 DecemberHigh Street
Superdry secures £80m loan amid strong H1 sales
Superdry has revealed it has secured a new three-year financing facility of up to £80m that won’t expire until December 2025, as part of a trading update which also saw its group revenues surge 3.6% YOY. For the 26-week period ended 29 October 2022, the retailer’s ecommerce revenue also increased…
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20 DecemberSupermarkets
Morrisons to close 132 McColl’s stores
Morrisons has announced plans to close 132 McColl’s stores over the year as these stores have “no realistic prospect” of achieving a breakeven position in the medium term, putting around 1,300 McColl’s colleagues at risk of redundancy. Every affected colleague will be offered alternative employment at a nearby McColl’s store,…
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20 DecemberHealth & Beauty
Can beauty retailers remain resilient through the winter?
With endless economic and political uncertainty permeating the industry, it’s been hard to predict which category of retailers will fare better than others, but one thing is certain: the health and beauty industry has weathered the storm better than others. Most recently, THG reported “stable and consistent” consumer trading during…
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