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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Jun- 2021 -21 JuneHigh Street
BPF slams gov’s commercial property rent moratorium extension
The British Property Federation (BPF) has come out against the government’s latest commercial property rent moratorium extension. Last week (16 June), the UK government announced a further extension of moratoriums on commercial property owners’ rights until March 2022. Legislation is set to be introduced later this session in parliament in…
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18 JuneEntertainment
Waterstones FY20 revenues decline 4.3% to £376m
Waterstones has reported a 4.3% year-on-year decline in revenues to £376m for the 52 weeks ended 25 April 2020. The books retailer also saw a contraction in profits after tax, falling 8.3% from £22.7m in FY19 to £20.8m in FY20. For consecutive years, no dividend was paid or declared during…
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15 JuneClothing & Shoes
H&M sales soar 75% in Q2
H&M has reported a quarterly turnover rise from the year before as Covid-19 restrictions continue to ease, despite overall revenue remaining below 2019 levels. In the second quarter of 2021, the retail group reported a net sales increase of 75% in local currencies compared with the same period last year.…
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14 JuneOnline & Digital
UK auction house launches new online store
John Pye, the leading UK auction house, has announced the launch of its brand-new online store. The John Pye Luxury Shop will be part of the business’ new diversification model and will allow its customers to purchase “one-of-a-kind items” from luxury designers. Recently, the auctioneer expanded into Northern Ireland with…
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14 JuneClothing & Shoes
Ted Baker losses widen to £60m
Ted Baker has announced that group revenue plummeted 44.2% to £352m in the year ended 30 January 2021, as the group was impacted by ongoing Covid restrictions. The fashion group’s losses widened to £59.2m, down from a profit of £4.8m the prior year, primarily driven by lower revenue levels but…
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11 JuneOnline & Digital
Naked Wines sees revenues soar 68%
Naked Wines has seen its revenues increase by 68% to £340.2m in the year ending 29 March 2021 – following a surge in new customers and sales. In a trading update, the pure play e-commerce wine retailer thanked an “accelerated shift” in online wine purchasing due to Covid-19 for the…
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10 JuneClothing & Shoes
Ted Baker delays FY results amid further Covid-19 disruption
Fashion retailer Ted Baker has delayed the release of its full-year results for a third time due to the impact of Covid-19 on the audit process. In a statement, the retailer said it now expects its results to be released on 14 June and expects them to be “in line…
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10 JuneHigh Street
Card Factory swings to £16.4m loss in 2020
Card Factory has reported a pre-tax loss of £16.4m for the full-year ending 31 January 2021, down from £65.2m profit the previous year, as the company continued to be affected by the Covid-19 pandemic and ongoing lockdowns. Revenue plummeted 36.9% to £285.1m in the period, down from £451.5m in 2020,…
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7 JuneAdvice
How retailers can reduce returns through the use of Google Shopping and AR
The pandemic has significantly accelerated the adoption of e-commerce, with the total proportion of UK online sales remaining considerably higher than pre-lockdown levels. In fact, research has found that digital sales in 2020 accounted for a third of total retail sales in the UK for the first time ever. By…
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4 JuneHigh Street
MaxiSaver to open 20 more stores this year
MaxiSaver has announced plans to open another 20 stores this year, in a move that is set to create hundreds of jobs. The retailer opened eight stores throughout the Midlands since August last year with its first store in Hinckley’s Britannia Centre, creating approximately 100 jobs so far. The retailer…
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