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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Jan- 2022 -7 JanuaryNews
Boots UK sales surge 16.3% in Q1
Boots delivered strong UK sales growth of 16.3% in Q1, Walgreen Boots Alliance’s (WBA) latest fiscal 2022 first quarter earnings have revealed. During the first fiscal quarter ending 30 November 2021, comparable pharmacy sales increased 8.8%, reflecting stronger demand for pharmacy services and sales up more than 200% year-on-year. Comparable…
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5 JanuarySupermarkets
Grocery sales hit £11.7bn in December
Take-home grocery sales reached £11.7bn in December alone as shoppers upped their spending to celebrate Christmas, according to the latest figures from Kantar. Over the 12 weeks to 26 December 2021, shoppers spent £31.7bn primarily boosted by the December performance. Although down by 3.0% compared with 2020, spending remains higher…
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Dec- 2021 -21 DecemberClothing & Shoes
Nike revenues remain flat in Q2
Nike has announced that revenues in its second quarter rose by 1% to $11.4bn (£8.6bn), remaining flat as it continued to manage the ongoing impact of supply chain challenges across the global marketplace. Revenues in Greater China and APLA declined, however, largely due to lower levels of available inventory resulting…
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15 DecemberElectrical
Currys H1 profits hit £48m despite supply issues
Currys has reported that pre-tax profits hit £48m for the six-month period ending 30 October 2021, up from £45m reported the prior year. Despite the profit growth, revenue slowed to £2.5bn, down from £2.6bn the previous year, as the retailer continued to be impacted by supply chain issues. The group…
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13 DecemberDepartment Stores
Frasers Group launches £70m share buyback
Frasers Group has announced that it intends to launch a new share buyback scheme for a purchase price “no greater” than £70m. The buyback programme is set to begin today (13 December) and end “up to and including” the last trading day prior to its financial year end on 24…
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10 DecemberClothing & Shoes
Primark trading ‘ahead of expectations’ despite supply issues
Associated British Foods (ABF), the owners of Primark, has revealed that trading for the year to date is set to be “ahead of expectations”, despite recent disruptions across its supply chain. The retailer has reported improved like-for-like sales compared with the fourth quarter of the last financial year, but still…
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9 DecemberEconomy
Moonpig revenue dips in H1
Moonpig has revealed that year-on year revenue fell by 8.5% to £142.6m in the half-year ended 31 October, despite reporting a revenue growth of 115% on a two-year basis. The group also saw EBITDA decline by 15.1% over the period while pre-tax profit plunged by 43% to £18.7m, as the…
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9 DecemberHigh Street
Frasers Group profits soar 75% in H1
Frasers Group has seen its pre-tax profit rocket 75% to £186m in its latest half-year results, largely driven by a strong reopening performance of stores post-lockdown and a continued growth in its online business. The group also cited ongoing operating efficiencies and the FY21 comparative period being hit by lockdowns…
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8 DecemberSupermarkets
McColl’s FY profit to be hit by supply chain issues
McColl’s has warned that profits could be between £20m and £22m in the full-year ended 28 November 2021, down from £29.1m in FY20, as the group blamed the impact of the pandemic and supply chain issues on its FY21 performance. In light of the disruption over the period, the retailer…
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6 DecemberEconomy
Sustainability ‘falls down agenda’ for retailers, report finds
Sustainability is less important now than it was a year ago for a quarter (24%) of retailers, while 8% say it has fallen down the agenda “quickly”, according to new research from UK law firm TLT. A fifth (21%) of retailers said sustainability was not currently important to their business,…
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