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- 2022 -21 OctoberHigh Street
ProCook revenues fall 9.1% in Q2
ProCook has reported revenues of £15.9m in Q2, a 9.1% drop year-on-year, yet still 110.4% higher on a like-for-like basis compared to pre-pandemic FY20, for the 16 weeks ended 16 October 2022. The group’s first half revenue of £27.4m, a 14.8% year-on-year decrease, was reportedly due to the annualisation of…
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20 OctoberFeatures
Why Scurri predicts a spartan Black Friday
Can you tell us a little bit about Scurri and what it offers as a platform? Scurri is a cloud-based delivery management platform that connects and optimises online ordering, shipping and delivery. We like to call what we do ‘connecting commerce’, because we help retailers get their parcels into the…
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20 OctoberHigh Street
Wilko calls in advisers amid cost-cutting measures
Wilko has reportedly drafted in Teneo as advisors as the retailer seeks to cut costs across the business amid the cost-of-living crisis, according to Retail Week. Wilko is reportedly mulling potential cost-cutting and restructuring options as it seeks to shore up its balance sheet. Rising inflation, shipment delays and store…
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19 OctoberSupermarkets
Asda announces plans to open new express stores
Asda has announced plans to open its first two standalone convenience stores before Christmas under a new ‘Asda Express’ brand. The Asda Express stores will open at Sutton Coldfield on 8 November and Tottenham Hale, London, on 6 December. Asda plans to launch a further 30 sites, creating about 500…
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19 OctoberSupermarkets
Booths sales rise 4.4% in FY22
Booths has reported an overall sales improvement of 4.4% (£12.6m) to £296.7m in its full year results to 2 April 2022. Profit before tax rose by £1.1m to £3m, up from £1.9m the prior year, while EBITDA increased by £1.4m to £13.3m compared to £11.9m in 2021. The group’s trading…
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6 OctoberSupermarkets
Aldi to recruit 3,000 Christmas roles
Aldi has announced that it is set to create around 3,000 new jobs ahead of the festive period this year as it prepares for its “biggest-ever Christmas” as customers are switching over to the supermarket. Over 2,000 temporary and permanent store positions are being made available to help replenish stock…
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5 OctoberSupermarkets
Tesco raises pay despite profit hit
Tesco has seen its profits tumble in the first half of the year, with profit before tax plummeting by 64% to £413m, as the group contends with “significant” cost inflation and changing consumer habits. Nonetheless, revenues rose by 6.7% to £32.5bn in the period, while the group announced it would…
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4 OctoberAnalysis
How can retail companies prepare for a more scrupulous festive season?
After two years of Covid-impacted festive periods, any hopes that the retail industry had for a return to normal in 2022 has been thwarted by the cost-of-living crisis. Springboard has recently forecast that footfall across all UK retail destinations will decline on a month to month basis by -4.9% in…
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Sep- 2022 -27 SeptemberHigh Street
Card Factory sales soars as high street business rebounds
Card Factory has welcomed revenue growth of 4.1% in its half-year results, following “good momentum within the business” as well as a “shift of customer spend back towards the high street and reversal of lockdown effects”. As customers returned to the high street, store revenue soared by 81.8% in the…
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26 SeptemberHigh Street
Footfall set to plummet in lead up to Christmas
Springboard has forecast that footfall across all UK retail destinations will decline on a month to month basis by -4.9% in September, by -2.5% in October and by -0.3% in November, but it will then increase from November to December by +6%. It predicts this period to eradicate the gains…
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