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 -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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1 JulyClothing & Shoes
JD Sports raises full-year outlook to £550m
JD Sports has increased its full-year profit outlook to “no less than” £550m, compared to £324m the previous year, after a period of solid trading since shops reopened after lockdown. In a trading update, JD Sports said business in the UK has been “particularly encouraging” following the retailer’s trading boost…
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1 JulyHigh Street
Primark owner sees Q3 revenues rise 47% to £3.65bn
Associated British Foods, the owner of Primark, saw group revenues jump 47% year-on-year to £3.65bn for Q3 FY21. Released as a part of the company’s trading update for the 40 weeks to 19 June 2021, the group revealed that its retail revenues spiked 207% year-on-year to £1.6bn for the quarter.…
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Jun- 2021 -30 JuneElectrical
Dixons Carphone profits reach £33m amid online surge
Dixons Carphone has reported pre-tax profits of £33m for the year ended 1 May 2021, climbing from a £140m loss last year when the group was hit by the effects of Covid-19. Revenue for the period reached £10.3bn and was boosted by a 103% online sales growth to £4.7bn during…
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30 JuneOnline & Digital
Studio Retail profit soars 513% in FY21
Studio Retail has reported that profit-before-tax skyrocketed 513% in its financial results for the year ended 26 March 2021. The retail group revealed its plans to target a revenue of £1bn, after the online shopping firm posted profits of £41.7m, a rise from the £6.8m it posted in the previous…
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29 JuneAdvice
How retailers can reduce cart abandonment rates
Covid-19 restrictions have radically altered consumer shopping behaviours over the past year. While brick and mortar stores used to be at the forefront of consumers’ minds, e-commerce is now the first point of contact for anyone looking to shop. According to research, digital sales in 2020 accounted for a third…
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