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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Mar- 2021 -10 MarchLuxury Goods
Pandora posts 12% organic growth in February
Luxury jewellery retailer Pandora has reported a year-on-year organic growth of 12% for February 2021. The month also represented a year-on-year total sell-out growth of 7%, while the quarter to date achieved 4% organic and 1% sell-out expansions when compared to Q1 of FY20. The results are part of a…
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9 MarchHigh Street
DFS revenues jump 17.3% in half-year results
DFS Furniture has announced its revenues increased by 17.3% to £572.6m in the 26 weeks to 29 December 2020, due to a rise in demand for living room furniture during lockdown. The retailer reported a strong trading performance over the period, which included a series of tiered lockdowns across the…
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8 MarchHigh Street
Shoe Zone swings to £14.6m pre-tax loss
Shoe Zone has posted a loss-before-tax of £14.6m for the 52 weeks to October 2020, following a loss of trade due to Covid-19. The store which employs 3,000 people across the UK, also revealed that revenues decreased by 24.3% to £122.6m. In addition, the group generated net cash earnings of…
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5 MarchSupermarkets
Co-op to hold ‘crunch talks’ over relief repayment
The Co-operative Group will reportedly hold a “crunch” board meeting next week to discuss whether it will repay £80m in government support funding, according to Sky News. According to Sky, Co-op directors, alongside chairman Allan Leighton, will now meet next Tuesday to discuss whether the group will repay the funding…
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4 MarchHigh Street
B&M raises FY21 guidance amid strong Q4 trading
B&M has raised its full-year guidance for the financial year ended 27 March 2021, as revenue has risen 22.5% in its fourth quarter to date, despite “uncertainties” remaining regarding the Covid-19 pandemic. Following this strong trading, B&M expects its EBITDA for the full-year to be in the range of £590m…
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2 MarchShopping Centres
Dobbies’ FY20 turnover soars to £235m
Dobbies Garden Centres has reported a pre-pandemic turnover of £235m for the 53 weeks ended 1 March 2020, a year-on-year rise of £73.5m. In addition, total sales rose by 51% to £252m in the period. However, the group also announced a loss before tax for the period of £22.9m, down…
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2 MarchLuxury Goods
Hotel Chocolat reports 11% revenue rise in H1
Hotel Chocolat has reported a 11% rise in revenue in its interim results for the 26 weeks ended 27 December 2020. Revenue increased to £101.9m while profit before tax rose by 3% to £15.5m over the period. The chocolate retailer saw a particularly strong sales growth over the holiday season…
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Feb- 2021 -26 FebruaryNews
Pets at Home raises guidance amid strong Q4 trading
Pets at Home has once again raised its profit forecast as the group continues to see strong trading and rising demand in the pet sector. In light of its trading year-to-date, it now anticipates full-year underlying pre-tax profit, including the previously announced repayment of business rates relief of £28.9m, to…
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26 FebruarySupermarkets
Waitrose partners with FareShare to redirect farm food surplus
Waitrose has announced that it has teamed up with FareShare in a new trial that will redirect surplus farm food to families in need in the next phase of its Give A Little Love Campaign. The trial will run from 1 March through to 30 June 2021 with the grocer…
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25 FebruaryClothing & Shoes
TK Maxx owner sees 10% sales slide due to lockdown
TJX Companies, the parent company of TK Maxx, has reported a 10.7% drop in FY21 net sales to $32.1bn (£22.6bn), which it revealed reflects the “negative impact of temporary store closures for approximately 24% of the year”. The retail group, which also operates the Marmaxx and HomeGoods brands in the…
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