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.
-
Dec- 2020 -22 DecemberNews
Matalan sells head office for £25m
Matalan has completed the £25m sale of its head office in Knowsley, Liverpool to a company already owned by the retailer’s founder. In a statement the discount retailer said that the sale represents the “planned completion of transactions” set out during the financing activity undertaken in June, following the “significant…
Read More » -
17 DecemberCoronavirus
Furlough scheme extended until April 2021
The furlough scheme has been extended until the end of April 2021 with the government continuing to contribute 80% towards wages to employee’s pay, Chancellor Rishi Sunak has confirmed today (17 December). The government will also extend current government-guaranteed Covid-19 business loan schemes until the end of March. This includes…
Read More » -
17 DecemberCoronavirus
Non-essential retail to close in Wales
The First Minister of Wales has confirmed that the country will move to alert level four amid rising Covid-19 cases, with all non-essential retail ordered to close at the end of trading on Christmas Eve. Close contact services and all leisure and fitness centres will also close on 24 December,…
Read More » -
16 DecemberAdvice
Top tips for email marketing and deliverability this Christmas season
With such an unpredictable year coming to a close, one thing is certain: this year’s festive season will pose an extremely unique set of challenges for marketers. Under normal circumstances, Christmas is a time to come together with family to gather around the fire, exchange gifts, and share joy. However,…
Read More » -
16 DecemberClothing & Shoes
Ocado has largest pay gap between CEO and staff, report finds
Online grocer Ocado reportedly has the highest pay gap between workers on the shop floor and those in senior level positions, according to a new report by the High Pay Centre. The report found that Ocado’s CEO Tim Stenier was paid £58.7m last year, while his employees made an average…
Read More » -
15 DecemberClothing & Shoes
H&M sales slump in final quarter
H&M has announced that net sales fell by 10% in the quarter ended 30 November 2020, following the impact of store closures and ongoing Covid-19 restrictions around the world. In its latest trading update, the group noted that overall sales have fallen by 18% in its full-year of trading, despite…
Read More » -
14 DecemberAdvice
Forecasting future staffing needs
While many retail businesses use cash-flow forecasting to optimise their trading performance, could they be doing more to predict their staffing needs, both during and after the pandemic? Could this be key to their survival in the difficult months of winter trading ahead? In the retail sector particularly, both recruitment…
Read More » -
14 DecemberClothing & Shoes
French Connection secures $6.5m in additional funding
French Connection has announced it has secured $6.5m (£4.9m) in additional funding, as part of its latest trading update. The UK fashion retailer said it secured the funding through the Main Street Lending Programme to support its US-based operations and staff. The loan will be for a period of five…
Read More » -
11 DecemberClothing & Shoes
Administrators place £200m price tag on Topshop
Administrators for Arcadia are reportedly seeking a price tag of £200m for the firm’s Topshop brand and are looking to agree a deal before Christmas. According to The Guardian, administrators Deloitte are expecting to receive initial bids for the brand by the end of next week (18 December). Online retailer…
Read More » -
11 DecemberHigh Street
McColl’s revenue tops £1.25bn despite store closures
McColl’s revenue has increased by 2.3% to £1.25bn this year in light of “strong demand” during the pandemic, according to the group’s full year trading report. In the year ended 29 November 2020, the convenience retailer’s like-for-like sales surged by 12%, due to a “strong performance” across its food, drink…
Read More »
