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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Feb- 2022 -18 FebruaryClothing & Shoes
JD Sports delays annual release but lifts outlook
JD Sports has announced the release of its annual results for FY22 are set to be delayed, however it added it expects the results to come in “slightly ahead of expectations”. JD revealed it has agreed with its auditors, KPMG, to delay the announcement to ensure that KPMG have “sufficient…
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15 FebruaryOnline & Digital
MySale revenues dip amid inventory challenges
International online retailer MySale has announced that revenues fell by 6% to A$59.7m (£31.5m) in the six-month period to 31 December 2021, following a changing sales mix and growth of the marketplace channel. Gross Merchandise Value increased by 36% to A$86.7m (£46m) however, reflecting progress in scaling the group’s off-price…
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14 FebruaryDepartment Stores
John Lewis profits surge could see return of staff bonus
The John Lewis Partnership could possibly see the return of its fabled staff bonus this year after it was revealed it has surpassed its £100m annual profit target. According to a leaked memo seen by The Mail on Sunday, thanks to a bumper Christmas sales period and successful cost saving…
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10 FebruaryLuxury Goods
Watches of Switzerland sales soar amid ‘thriving’ market demand
The Watches of Switzerland Group PLC has reported its revenues surged 27.9% year-on-year to £348.1m in the 13 weeks to 30 January 2022 (Q3 FY22), and 36.5% from pre-Covid levels. The group’s year-to-date revenues for the 39 weeks to 30 January 2022 (9M FY22) also rose by 38% year-on-year from…
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9 FebruaryHealth & Beauty
Very expands beauty and self-care ranges by 94%
The Very Group has expanded its range of beauty and self-care brands on Very.co.uk by 94% since the start of the pandemic, as the online retailer reportedly sees growing demand for wellbeing products. Since January 2020, Very has added 77 new beauty and personal care brands, taking the category total…
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4 FebruaryElectrical
Currys begins search to replace Livingston as chairman
Currys, the electrical retailer, has reportedly begun its search for a new chairman to eventually succeed Lord Livingston of Parkhead. According to Sky News, Currys has initiated headhunters to identify potential candidates for Lord Livingston, who has been in the position since 2015. However, it cited sources that said the…
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Jan- 2022 -31 JanuaryNews
Studio Group warns of profit hit amid ‘shipping issues’
Studio Retail Group has revealed its adjusted profit before tax for the full year is set to be lower than expected, after incurring further costs linked to shipping delays and port congestion. According to the retailer’s Q3 trading period for the 13 weeks to 24 December 2021, it now expects…
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27 JanuaryNews
Two in three consumers abandon orders in absence of return policy
Two in three consumers admitted to abandoning their online orders when there is no return policy available, according to research by Sendcloud. It found that three-quarters of consumers said they would order more frequently at stores if they offered free returns, while 71% said the same if returns were made…
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24 JanuaryEconomy
2021 footfall found to be 31% lower than in 2019
Footfall across all UK retail destinations was –31.1% lower than in 2019, but up from -39.1% in 2020, with retail parks continuing to display a “notable resilience” than either high streets or shopping centres in retaining footfall, according to Springboard’s 2021 report. Springboard said that “it was the three month…
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24 JanuaryEconomy
Retail sales rebound but challenges remain, data finds
The reopening of the economy post-lockdown led to a rebound in sales for FTSE Retailers but warnings have been issued for challenges ahead, according to EY-Parthenon’s latest report. It revealed most retailers experienced a successful Christmas trading period – data from the British Retail Consortium shows that non-food sales in…
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