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- 2022 -21 JanuaryHigh Street
The Works H1 sales rise 30.6% to £116.1m
The Works has announced its revenues increased by 30.6% to £116.1m in the 26 weeks ending 31 October 2021 (H1 FY22), up year-on-year from £88.9m and 17.9% from pre-pandemic levels (H1 FY20). The group has also reported Pre IFRS 16 Adjusted EBITDA of £2.5m for the period, compared to £1.5m during…
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21 JanuaryCoronavirus
December retail sales dented by Omicron
Retail sales across the UK were dampened by the impact of Omicron last month, as volumes of sales fell by 3.7% in December 2021, according to the latest figures from the Office for National Statistics. While this was the largest monthly fall since January 2021, which saw a decline of…
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20 JanuaryClothing & Shoes
Superdry H1 losses narrow despite dip in revenues
Superdry said it has been hit by the continued impact of Covid-19 as well as its move to a full-price trading stance, as revenue fell by 1.9% on a one-year basis and 24.9% on a two-year basis in the half-year ended 23 October 2021. Nonetheless, the fashion retailer ensured that…
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19 JanuaryOnline & Digital
In the Style sales rise 22% over festive period
In the Style revealed it has delivered a period of strong growth over the festive period, with total net sales rising 21.5% to £11.2m, or 225.9% on a two-year basis in the run-up to Christmas. In the eight weeks to 31 December 2021, gross order value also increased 41.4% to…
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17 JanuarySupermarkets
Lidl reports strong festive season trading
Lidl GB was the fastest growing bricks and mortar retailer for the second year running during the Christmas period, as sales at the discounter increased +2.6% YoY and +21% on a two-year basis. The discounter also achieved record footfall levels in the week leading up to Christmas, with footfall up…
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17 JanuaryComment
The impact of supply chain shortages on retailers and fraudsters
Recent supply chain disruptions in the run–up to the Christmas retail season were widely documented. These disruptions are threatening to cause low stock levels and could see some retailers without products at peak trading times. Recently, Amazon issued an urgent warning to consumers that if they wanted to see gifts…
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14 JanuaryEconomy
UK economy surpassed pre-Covid levels in November
Gross domestic product (GDP) has surpassed its pre-pandemic level for the first time as it grew by 0.9% in November 2021, according to the latest Office for National Statistics (ONS) data. In the latest release, output in consumer-facing services grew by 0.8%, mainly because of a 1.4% increase in retail…
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14 JanuaryElectrical
Currys lowers profit expectations to £155m amid 10% drop in sales
Currys has lowered its full year pre-tax profit expectations from £160m to £155m following a 10% drop in sales in the 10 weeks ending 8 January 2022, as a result of “unven” consumer demand and supply disruptions. In the UK and Ireland (UK&I), like-for-like revenues in the quarter decreased by…
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14 JanuaryNews
Peter Cowgill nets £21m after selling 10 million JD shares
Peter Cowgill, director of JD Sports, has taken £21m after selling 10 million company shares. The news comes after the retailer revealed it expects full-year profits of at least £875m following a successful black friday and Christmas period, which the firm accredited to the fiscal stimulus in the United States…
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13 JanuaryHealth & Beauty
Online demand helps drive Fragrance Shop Xmas sales up 38%
The Fragrance Shop has revealed it enjoyed a “bumper Christmas period” driven by its online performance helping sales surge 38% in the six weeks to 1 January 2022, compared with the same period in 2019. It said the “record sales performance” comes after some “key” fragrance launches which proved popular…
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