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 -7 JulyGovernment
Bira urges gov to support indie retailers closed by self-isolation
The British Independent Retailers Association (Bira) has urged the Government to issue more support for indie retailers that are forced to close if staff are self-isolating. The calls follow the prime minister’s announcement that most Covid-19 restrictions will be lifted on 19 July. However, self-isolation will remain until 16 August,…
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7 JulyEconomy
BRC report highlights chargeback ‘struggles’ for retailers
The British Retail Consortium (BRC) has published a report which highlights the ongoing chargeback “struggles” affecting retailers in the UK. The survey’s respondents, who were retailers across a wide variety of sectors, identified a change in chargeback issuances linked directly to Covid-19 which saw an average increase of 25%. Some…
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6 JulyAdvice
Retail sector valuations in the current climate
The current pandemic has caused widespread disruption to the retail sector, with many struggling to maintain a healthy cashflow and revenues and profits down on previous years. Knowing the different types of valuation methods and when to use them can help business owners know what their company is worth now, helping to support their…
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6 JulySupermarkets
Sainsbury’s raises FY22 guidance amid rising sales
Sainsbury’s has raised its full-year guidance for the financial year ended March 2022, with its underlying profit-before-tax now expected to be at least £660m, up from the previously forecasted £620m, with progress weighted towards the first half. The news follows the supermarket chain’s Q1 trading statement for the 16 weeks…
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6 JulyCoronavirus
Usdaw ‘slams’ lifting of restrictions in shops
Usdaw has “slammed” the government’s announcement that it plans to lift safety measures in stores once the final Covid restrictions are lifted on 19 July. In a speech made yesterday (5 July), the Prime Minister confirmed that face coverings would no longer be mandatory in shops from that date, whilst…
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5 JulyHigh Street
Bestway FY20 losses climb 32% to £8.2m
Bestway Group, the owner of Bargain Booze, Wine Rack, and Central Convenience, saw its FY20 losses climb over 32% year-on-year to £8.2m. The wholesaler and retailer of beers, wines, spirits, tobacco, grocery, and confectionary products saw the increased losses despite group revenues rising 2.4% year-on-year to £388.5m for the year…
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5 JulyGovernment
Retailers call on PM to ‘support’ laws against retail violence
Some 100 of the UK’s “leading” retailers have written to the Prime Minister calling on him to support an amendment to the Police, Crime, Sentencing and Courts Bill that would tackle violence and abuse against retail workers. The letter, which was coordinated by the British Retail Consortium (BRC), comes as…
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5 JulySupermarkets
Morrisons set for bidding war after accepting £6.3bn offer
Rivalling private equity firms are reportedly preparing to engage in a bidding war for Morrisons after it accepted £6.3bn takeover offer yesterday (4 July). The UK supermarket chain’s board of directors accepted a 252p-a-share offer from private equity firm Fortress, rejecting an earlier bid Clayton Dubilier & Rice (CD&R) which…
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2 JulyClothing & Shoes
Ralph and Russo bought out of administration
Ralph and Russo has been bought out of administration by Retail Ecommerce Ventures (REV), who made an undisclosed bid amount to acquire the business and assets of the UK-based luxury brand. Paul Appleton of Begbies Traynor Group and Andrew Andronikou of Quantuma Advisory, who were acting as joint administrators, conducted…
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1 JulyNews
Innovating retail spaces for a successful future
Whilst the growth of online consumer shopping was highly publicised during the prolonged periods of Covid-19 lockdown, the relaxing of the rules for non-essential retailers in England and Wales has led to a 174% rise in high street footfall. It’s a figure that shows the high street is certainly not…
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