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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Jul- 2021 -28 JulyFeatures
What would protective shopworkers’ legislation mean?
“I’ve been sworn at, spat at and had a knife pulled on me all in the last 10 months,” says a shop worker responding to the Union of Shop, Distributive and Allied Workers (Usdaw) 2020 survey. This response is just one of many negative reports experienced by workers across the…
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27 JulyOnline & Digital
Moonpig sees revenues double in FY21
Moonpig has seen its full-year revenues more than double, soaring by 113% to £368.2m in the year ended 30 April 2021, up from £173.1m the previous year, as it delivered 50.9 million orders over the period as customers increased their spending over lockdown. EBITDA also more than doubled in the…
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23 JulyCoronavirus
Retail shop staff not included on self-isolation exemption list
Retail shop workers have not been included as one of the 16 key sectors on the government’s list allowed to be exempt from isolation rules. The list, revealed by the government last night (22 July), includes workers from digital infrastructure, food production and supply, waste, water, veterinary medicines, energy and…
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22 JulyCoronavirus
Gov to announce list of workers exempt from isolation
Business secretary Kwasi Kwarteng has revealed that the government is set to announce the list of Uk workers who will be exempt from self-isolation rules later today (22 July). Kwarteng revealed the news while speaking to the BBC’s Radio 4 Today programme. Staff that work in the key sectors that…
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20 JulyHigh Street
The Works welcomes ‘resilient’ FY performance despite sales hit
The Works has announced that total revenue fell by 19.7% to £180.7m in the year ended 2 May 2021, down from £225m the year before, as the group was affected by ongoing store closures amid the national lockdowns. Nonetheless, the group said it welcomed a “resilient” performance, with store like-for-like…
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19 JulyClothing & Shoes
Puma profits hit £93m in Q2
Puma has reported that its profits hit €109m (£93m) in its second quarter of trading, up from a previous loss of €115m (£98) in 2020. The group noted that the increase was predominantly due to a range of new product launches, with “high sell-throughs” and strong growth across all regions,…
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14 JulyAdvice
Closing the feedback gap during the rise of eCommerce
Gone are the days where online retail was solely for large resellers. With more brands launching online versions of their stores over recent years, shoppers have seen huge growth in e-commerce. A boom further caused by the COVID-19 pandemic, pushing people to shop online, rather than in-store. With this trend…
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13 JulyHealth & Beauty
Superdrug revenues tumble 15% in FY20
Superdrug saw its group revenues decline 15% year-on-year to £1.11bn in FY20, despite being classed as an “essential retailer”. Profit before tax at the health and beauty retailer also plummeted 79% year-on-year to £18.8m for the 52 weeks ended 26 December 2020. During the period, the company benefited from £14.2m…
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13 JulyEconomy
UK retail sales jump 13.1% in June
Total retail sales in the UK increased by 13.1% in June, according to the latest BRC-KPMG retail sales monitor. On a like-for-like basis, the country’s retail sales rose by 17% from June 2019, with non-food reporting a like-for-like sales jump of 47%. In the nation’s high street stores, sales were…
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9 JulySupermarkets
Morrisons CEO to discuss takeover with business secretary
The CEO of Morrisons is to meet with business secretary Kwasi Kwarteng next week to discuss the potential takeover of the business by a consortium led by an US investment firm. According to The Times, Kwarteng has asked CEO David Potts to explain the reasoning behind the company’s decision to…
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