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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Mar- 2019 -5 MarchDepartment Stores
Debenhams issues fresh profit warning
The statement Debenhams made in January to say it was on track to deliver profits in line with last year’s expectations is “no longer valid” as the department store chain reported a drop in sales. The group’s like-for-like sales fell by 5.3% in the 26 weeks to 2 March 2019…
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Feb- 2019 -28 FebruaryClothing & Shoes
Victoria’s Secret to close stores following Christmas ‘decline’
Victoria’s Secret has announced it is to close stores following a “decline in performance” over the second half of 2018. The retailer’s parent company L Brands, announced it was to close 53 of North American Victoria’s Secrets stores following the 2018 results which saw in-store sales fall by 7%. Victoria’s…
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22 FebruaryEconomy
Online retail records its ‘worst January sales growth’
Online retail recorded its worst January sales growth in three years last month, as the industry’s poor recent sales performance continued into the new year, according to the IMRG Capgemini eRetail Sales Index. E-commerce saw a 7% year-on-year increase which was slightly above the three-month average of 6.3% year-on-year, however…
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22 FebruaryHigh Street
January posts lowest footfall decline in three years
January footfall declined 0.8% according to the latest data from Ipsos Retail Performance – the lowest decline in three years. Ipsos said the figures indicate that Britain’s shoppers “are getting on with the certainties of everyday living” despite the uncertainties of Brexit.Further figures showed that year-on-year deficits over three…
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19 FebruaryClothing & Shoes
JD acquires 8% stake in Footasylum
Sportswear retailer JD Sports has acquired an 8% stake in footwear retailer Footasylum. JD said it had purchased the stake “for investment purposes”. The company said it was prepared to take on an interest of 29.9%, hovering just below the limit for a mandatory takeover bid, however it added it…
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19 FebruaryEntertainment
Game and Argos’ market share boosted by major game releases
Game and Argos have reported increased growth in physical entertainment market shares for the 12 weeks to 13 January 2019, growing faster than the rate of large online retailers such as Amazon and Ebay. According to the latest figures from Kantar Worldpanel, sales of games, videos and music at Game…
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18 FebruaryGovernment
BRC hits out at HMRC over ‘unreasonable’ pay rules
The British Retail Consortium (BRC) has demanded HM Revenue and Customs (HMRC) ceases action against retailers who have breached pay rules deemed “no longer fit for purpose” by the trade body. Retailers called the minimum wage regulations and chasing from the taxman “unreasonable” while the regulations are under review by…
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15 FebruaryEconomy
Retail sales bounce back in January
UK retail sales saw a year-on-year increase of 4.8% in January, the highest jump since December 2016. Figures from the Office for National Statistics (ONS) showed that sales volumes rose by 1% following a 0.7% decline in December. The average store prices slowed to 0.4% year-on-year, the lowest price increase…
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11 FebruaryHigh Street
18,722 retail jobs lost or at risk since Christmas day
Some 18,722 retail staff, 400 every single day, have either been made redundant or have had their jobs threatened since Christmas day, according to new data from real estate data service Altus. Oddbins, Patisserie Valerie, Greenwoods, Chapelle, tReds and HMV have all entered administration, with the music and film retailer…
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4 FebruaryDepartment Stores
Debenhams to ‘close 20 stores’ in CVA plan
Debenhams could reveal plans to close 20 stores as this week, the embattled department store chain will announce it has secured a cash injection from its lenders. According to the Sunday Telegraph, Debenhams wants to reduce its store portfolio to 90 outlets over the next five years, resulting in the…
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