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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May- 2022 -16 MayNews
SEO and PPC: improving performance and balance
As retail brands spend more time, focus and resource online, it’s becoming increasingly important to avoid cannibalisation and find the right balance between search engine optimisation (SEO) and pay-per-click (PPC) ads. Both remain hugely important, of course, with SEO helping brands take market share away from competitors by ranking them…
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3 MayHigh Street
Card Factory swings to profit in FY22
Card Factory plc has reported its pre-tax profits surged 167.7% to £11.1m for the year ended 31 January 2022 (FY22), compared to a loss of £16.4m in FY21. It said the performance comes in ahead of management’s expectations and amid “significant” trading disruption and inflationary cost pressures. Revenues also increased…
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Apr- 2022 -12 AprilClothing & Shoes
Asos swings to loss and predicts further £14m hit from Russia exit
Asos has revealed its pre-tax profits fell 115% year-on-year from £106.4m to a pre-tax loss of £15.8m in the six months to 28 February 2022 (H1 FY21). The company also said it is expected to take a further £14m hit following its decision to suspend sales in Russia, with revenue…
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1 AprilNews
Quiz to return to profit amid positive sales momentum
Fashion retailer Quiz has announced it anticipates FY 2022 profitability of no less than £4.3m after the group experienced positive sales momentum during the Christmas period which continued through the final quarter of the group’s financial year. According to its trading update for the financial year ended 31 March 2022,…
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Mar- 2022 -31 MarchEconomy
UK GDP rebounds 1.3% in Q4 FY21
The UK’ gross domestic product (GDP) is estimated to have increased by 1.3% in the fourth quarter (Q4) of 2021 between October to December, meaning UK GDP is now 0.1% below pre-Covid levels. Annual GDP in 2021 is now estimated to have increased by a revised 7.4% compared to the…
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29 MarchSupermarkets
Asda profits surge 42% as Covid disruption eases
Asda has reported its operating profits increased 42% year-on-year from £486.5m to £693.1m in FY21 following a reduction in Covid-related costs. The company’s revenues for FY21, excluding fuel, increased to £20.42bn, up 0.6% year-on-year and up 4.3% on a two-year basis. Additionally, revenues in the fourth quarter (Q4), excluding fuel,…
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16 MarchClothing & Shoes
Inditex FY21 profits surge 199% despite Omicron impact
Inditex, the parent company of Zara, has reported its income before tax surged 199% to €4.19bn (£3.53bn) between 1 February 2021 and 31 January 2022 (FY21), rising year-on-year from €1.4bn (£1.17bn). Net income also surged 193% to €3.2bn (£2.73bn) compared to €1.1bn (£9.29m) in FY20. Additionally, sales increased 36% year-on-year…
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15 MarchOnline & Digital
Virgin Wines earnings slip in H1
Virgin Wines has seen its EBITDA fall to £3.7m in the half-year ended 31 December 2021, down from £4.5m the previous year, as it grappled with changing consumer habits and rising costs across the business. The group’s profit also slipped slightly in the period, falling from £3.4m in H1 2021…
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14 MarchSupermarkets
McColl’s celebrates 200th Morrisons Daily store opening
McColl’s Retail Group plc has reached the “strategic milestone” of opening its 200th Morrisons Daily store with the conversion of the McColl’s store at Southport. The rollout of Morrisons Daily stores is a “key component” of McColl’s’ strategic focus on food-led convenience, driving incremental sales and sales-mix improvement across the…
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Feb- 2022 -28 FebruarySupermarkets
McColl’s confirms talks with banks as it fights insolvency
McColl’s Retail Group plc is reportedly trying to secure new funding to prevent its collapse, with millions of pounds of its bank debt being sold to hedge funds, according to Sky News. The outlet said McColl’s is working with advisers on attempts to find a buyer or third parties willing…
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