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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Nov- 2020 -30 NovemberClothing & Shoes
Frasers Group offers £50m to Arcadia Group
Frasers Group has confirmed that it has offered Arcadia Group a rescue loan of up to £50m, amid news that Sir Philip Green’s empire is on the brink of collapse. The retail group may reportedly decline the offer, however, as a senior Arcadia Group source told the BBC: “If this…
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30 NovemberClothing & Shoes
Arcadia collapses into administration
Arcadia Group has collapsed into administration, placing 13,000 jobs at risk. It comes as the retail empire, owned by Sir Phillip Green, failed to secure urgent funding needed to keep it afloat following the effects of the pandemic. Read Retail Sector’s analysis – ‘Arcadia: Where did it all go wrong?’…
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27 NovemberClothing & Shoes
Arcadia ‘could collapse’ next week
Sir Phillp Green’s retail empire Arcadia is reportedly on the verge of collapse, placing around 15,000 jobs at risk. According to Sky News, the retail group, which owns Topshop, Dorothy Perkins and Burton, could be set to appoint administrators from as early as next week. An insider told Sky that…
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26 NovemberClothing & Shoes
Mulberry revenue falls 29% as lockdown hits sales
Mulberry has reported a 29% decline in revenue to £48.9m during the first half of the year, as the impact of the coronavirus pandemic impacted its sales. For the 26 weeks ending 26 September 2020, the retailer also revealed an adjusted loss before tax of £1.9m (2019: £10.1m) before adjusting…
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25 NovemberNews
Gap appoints new chief growth officer
Gap Inc. has announced that Asheesh Saksena will join the senior leadership team as chief growth officer, a position he will assume in January 2021. The newly created position will reportedly focus on executing the company’s strategic agenda and growth initiatives for the future. Saksena most recently served as president…
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24 NovemberNews
Burberry appoints non-executive director
Burberry has announced that Antoine Bernard de Saint-Affrique has been appointed to the board as a non-executive director and member of its audit and nomination committees. His roles will come into effect from 1 January 2021. Bernard de Saint-Affrique is currently CEO of the Barry Callebaut Group, a manufacturer of…
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24 NovemberHigh Street
Pets at Home ‘optimistic’ as sales rise in H1
Pets at Home has announced that group revenue grew by 5.1% to £574.4m in the half-year ended 8 October 2020, noting that the underlying pet care market remains “in good health” despite the pandemic. While the group saw pre-tax profit fall by 5.1% to £39.6m in the period, down from…
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23 NovemberCoronavirus
Government to confirm reopening of non-essential retail
The government is today (23 November) set to confirm that all non-essential retail in England will be permitted to reopen next week, following a four-week lockdown over November. According to Sky News, Boris Johnson is set to make an announcement later this afternoon, where he is expected to lay out…
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23 NovemberNews
Lululemon appoints new CFO
Fashion retailer Lululemon has announced that Meghan Frank has been promoted to CFO, and will assume the role with immediate effect. Frank, who joined Lululemon in 2016 as senior VP of financial planning and analysis, will become the company’s first female CFO, offering more than 20 years of experience within…
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23 NovemberLuxury Goods
Cake Box reports sustained recovery in H1
Cake Box said it has made “sustained recovery” since the peak of the Covid-19 pandemic when its stores were closed for six weeks. During the six months to 30 September, EBITDA slightly edged up 0.5% to £1.98m, although pre-tax profit fell by 4% to £1.66m. The specialist cake retailer’s online…
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