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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Feb- 2021 -25 FebruaryHigh Street
Retail set for 50% April increase to footfall
UK retail destinations are expected to see footfall rise by 47.9% upon the reopening of non-essential retail and outdoor hospitality in April. According to the retail analyst Springboard, footfall from the 12 April will be 128.5% higher than it was for the same week in 2020. High streets and shopping…
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25 FebruaryDIY
Ikea UK hit with £33m loss amid pandemic
Ikea UK has announced that total sales fell by £200m to £1.9bn in its full-year ended 31 August 2020, down from sales of £2.12bn reported in FY19. While the furniture giant decreased its costs by 3.4% to help shore up its finances, it still reported an overall loss impact of…
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25 FebruaryOnline & Digital
Amazon tops annual list of global retailers with $1.63tn market cap
Amazon has topped the list of the top 25 global retailers with a £1.15bn ($1.63tn) market cap for the year ending 31 January 2020, according to data from TradingPlatforms.com. The online retailer has benefitted from the Covid-19 pandemic as consumers have shifted to buying products and services online. E-commerce site…
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24 FebruaryClothing & Shoes
Puma reports 9.1% sales rise in Q4
Puma has reported a 9.1% sales increase in its financial results for the fourth quarter of 2020. The bulk of the sales rise primarily came from the Asia/Pacific market which was less affected by Covid-19 restrictions over the period compared to the rest of the world. Sales rose by 9.8%…
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24 FebruarySport & Leisure
Angling Direct sees revenue soar by 27%
Fishing tackle and equipment retailer Angling Direct is expecting to report a 27% increase in revenue to £67.6m for the financial year which ended 31 January, ahead of announcing its final results on 11 May 2021. In a trading update, the retailer reported a strong performance from its online store…
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24 FebruaryCoronavirus
Chancellor expected to extend furlough until May
Chancellor Rishi Sunak is expected to announce a further extension to the government’s furlough scheme until May in his Budget speech next week. According to The Times, the move is expected after Boris Johnson promised not to “pull the rug out” from businesses when restrictions eventually begin to ease under…
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24 FebruaryCoronavirus
Scotland to reopen non-essential retail from 26 April
First minister Nicola Sturgeon has announced that non-essential retailers in Scotland will be able to reopen from 26 April. Sturgeon outlined the country’s exit out of lockdown restrictions yesterday (23 February), giving businesses a timeframe of when they can expect to reopen. Scotland’s stay-at-home order is likely to remain in…
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24 FebruaryHigh Street
Home Bargains 2020 turnover soars to £2.8bn
TJ Morris, the owner of discount retailer Home Bargains, has reported an annual turnover of £2.8bn for the year ended 30 June 2020. The revenue represents a 13% year-on-year increase as the group’s turnover climbed £321m from its 2019 level. Operating profits also increased by the same margin for the…
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23 FebruaryAdvice
Demystifying retail marketing: how to get the most out of email
A modern marketer is a master of metrics – and none more so than those in retail. From Funnel Conversion Rates to Marketing Spend per Customer, Customer Acquisition cost to Brand Awareness, Customer Retention to overall ROI – marketers are constantly assessing and fine tuning their strategies based on their…
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23 FebruaryCoronavirus
Frasers warns of £100m lockdown hit
Mike Ashley’s Frasers Group has announced it currently expects to take a hit in excess of £100m due to the impact of Covid-19 lockdown restrictions on non-essential retailers. The announcement comes in response to the prime minister’s reopening roadmap unveiled yesterday (22 February) that sees non-essential retailers such as the…
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