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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Dec- 2020 -1 DecemberOnline & Digital
Sosandar sales soar in H1
Online retailer Sosandar has announced that revenue soared by 52% to £4.28m in the half-year ended 30 September 2020, up from £2.81m the prior year. Gross profit was £2.24m, marking a 48% increase against 2019. In addition, the group welcomed a “significant improvement” in its EBITDA loss, which narrowed to…
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1 DecemberClothing & Shoes
Debenhams to be wound down, 12,000 jobs at risk
Embattled department store chain Debenhams is to be wound down, placing 12,000 jobs at risk, after talks with JD Sports over a potential rescue deal failed. The business will continue to trade through its 124 UK stores, as well as online. If it does not receive any alternative offers from…
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1 DecemberCoronavirus
Footfall surges for second week thanks to Black Friday
Footfall on Black Friday increased by 8.7%, helping to mark the first time since late August that the figures have increased in two consecutive weeks, according to the latest data from Springboard. The data shows that footfall in the UK rose by 4.8% across all retail destinations last week, which…
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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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