Covid-19
This coverage examines the effects of Covid-19 on the UK retail industry, focusing on operational disruption, financial pressures, consumer behaviour shifts, and recovery strategies. Reporting includes lockdown impacts, safety measures, supply chain challenges, online growth, and leadership decisions that shaped responses to the crisis. Designed for executives and managers, it offers lessons and insights for navigating future disruptions.
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Apr- 2022 -11 AprilClothing & Shoes
Mothercare ups guidance but warns on impact of Russian closures
Mothercare has announced that EBITDA is now expected to be in the range of £11.5m to £12m for the year ended 26 March 2022, ahead of analysts’ expectations, despite warning of the effects of the closure of its business in Russia. The anticipated higher earnings are reportedly due to a…
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8 AprilClothing & Shoes
TM Lewin lender to rescue brand from administration
An investment vehicle owned by Petra Group has reportedly reached a deal to acquire TM Lewin after it collapsed into administration for the second time last month. According to Sky News, the lender to TM Lewin reached an agreement with Interpath Advisory to buy out the menswear brand, with sources…
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5 AprilEconomy
Retail footfall drops 22.9% across UK
Footfall fell by 22.9% compared to 2019 in the non-food sector across the UK, although footfall is up 9.9% compared to the previous month due to “unseasonably warm weather”. According to Ipsos Retail Performance, the retail sector performed the strongest at -14.9% compared to pre-Covid levels, while footfall on the…
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5 AprilOnline & Digital
Moonpig annual revenues to hit £300m
Moonpig Group plc has announced it expects annual revenues to hit £300m in the financial year ending 30 April 2022, reflecting the temporary impact of Covid-19 on customer behaviour in late December and January. As the group’s trading performance has “remained strong”, Moonpig’s expectations for underlying revenues in FY22 remain…
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1 AprilHealth & Beauty
Boots Q2 sales rise as beauty demand climbs
Boots has revealed its total sales in the UK grew 15.2% in the second quarter ending 28 February 2022 (Q2), with continued market share gains in all categories, led by beauty. UK comparable retail sales increased 22% with sustained retail and pharmacy sales growth despite trading headwinds from the Omicron…
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1 AprilSupermarkets
Tesco to sell £2 lateral flow tests in stores across UK
Tesco has announced it will be selling CTDA-approved lateral flow tests in its stores nationwide from 1 April. Diagnostic healthcare company Everything Genetic has announced a deal which will see lateral flow devices stocked across thousands of Tesco’s stores and online from April 1, as the government moves to end…
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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 -28 MarchComment
How reseller abuse negatively impacts retailers’ customer experience
Picture the scene: your favourite brand advertises a drop of limited-edition trainers that will hit their site at midnight. There’s huge hype around the launch and as a loyal customer you are ready and primed to place your order the second the product is released. But, when the moment arrives,…
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25 MarchEconomy
Retail sales volumes fall 0.3% in February, ONS says
Retail sales volumes fell by 0.3% in February 2022 following a rise of 1.9% in January 2022, according to the latest figures from ONS, with sales volumes at 3.7% above their pre-coronavirus (Covid-19) February 2020 levels. Non-store retailing sales volumes fell by 4.8% over the month following strong growth in…
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21 MarchHigh Street
Bira predicts strongest Mother’s Day in 2 years
The British Independent Retailers Association (Bira) has predicted the strongest Mother’s Day trading in over two years. Following the lifting of restrictions early this year, the head of Bira believes this will be the strongest trading period of the year so far as shoppers will be able to hit the…
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