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- 2020 -22 JanuaryPeople Moves
Sainsbury’s CEO Mike Coupe to retire after six years
Sainsbury’s has announced its CEO Mike Coupe is set to retire this year, after almost six years in the role. He will continue his role as CEO until the end of May and will be succeeded by retail and operations director Simon Roberts, who will start his new role from…
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21 JanuaryHigh Street
Dixons Carphone Christmas trading dragged down by mobile
Dixons Carphone’s trading results for the 10-week period ended 4 January 2020 has been dragged down by a 9% slump in mobile like-for-like revenue. Despite this, the retailer saw group revenue increase by 2%. Like-for-like revenue in electricals also increased by 2% in the UK and Ireland, driven by strong…
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21 JanuaryClothing & Shoes
Joules revenues hit by late Black Friday
Fashion retailer Joules has reported a 1.4% decrease in group revenue to £111.6m for the half-year period ended 24 November 2019. The group said the results were impacted by the timing of Black Friday, which fell in the second half of FY20, but the first half of the financial year…
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20 JanuaryProperty
Intu seeks £1bn of emergency funds
Intu has announced it will seek to raise equity in its efforts to fix its balance sheet. The commercial real estate giant said it was a “number one priority” to make progress in its strategy to fix the balance sheet, which included targeting an equity raise alongside its full year…
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17 JanuaryHigh Street
Paphitis delivers ‘resilient’ full year and Christmas performance
The Paphitis retail group has reported a ‘resilient’ performance amid ‘challenging’ conditions in both its full year and Christmas results. Total revenue for Ryman increased by 1.4% to £129.9m in the full financial year, while EBITDA increased 6.5% to £8.2m. This reflected “new categories, development of related services and customer…
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16 JanuaryHigh Street
The Works CEO steps down despite ‘solid’ Christmas sales
The CEO of gifts and crafts retailer The Works has stepped down from his role, despite the company reporting “solid” like-for-like sales in its latest trading update. Kevin Keaney held the position of CEO at The Works for almost nine years, has decided to step down as CEO and from…
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16 JanuaryDIY
Halfords hails ‘strong’ Q3 sales performance
Halfords has reported a “solid” performance in its third quarter of trading, with total group revenue up 4.6%. In the 14 weeks ended 3 January 2020, like-for-like revenue was also up 1.3%. Retail cycling delivered “strong sales growth” in particular, with like-for-like sales increasing 5.9% in the period. Halfords said…
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15 JanuaryAnalysis
Boohoo more valuable than M&S – a sea-change encapsulated
From a purely journalistic standpoint it is now a de facto cliché to refer to Marks and Spencer as the “high street bellwether”, yet that is the status it has held for so many decades. The once mighty monolith was the first British retailer to reach a market capitalisation of…
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15 JanuaryOnline & Digital
Very reports a 6.1% increase in revenues in the festive period
Online retailer Very has reported a 6.1% increase in revenues during the seven weeks to 27 December. The brand, which is operated by The Very Group, also reported sales growth across all four product categories, which included a 9.6% increase in sportswear, 5.7% increase in electricals, 1.4% increase in homeware…
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15 JanuaryClothing & Shoes
Quiz sales tumble amid ‘challenging’ Christmas
Quiz suffered a “disappointing” period of Christmas sales, as group revenue fell by 9.3% over the seven week period ended 4 January 2020. The retailer said it experienced a reduction in footfall compared with the prior year, which resulted in stores and concessions revenue decreasing by 7%. The group also…
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