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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Oct- 2020 -27 OctoberClothing & Shoes
Quiz swings to loss as online sales fall
Quiz has swung to a loss of £3.7m in the full-year ended 31 March 2020, against a profit of £0.6m the previous year. In its latest preliminary results, the clothing retailer also confirmed that group revenue fell by 10%, while underlying EBITDA fell to £0.6m for the full-year, against the…
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26 OctoberHealth & Beauty
Unilever Q3 sales up 4.4%
Unilever has announced underlying sales growth of 4.4% for Q3 despite the impact of Covid-19. Turnover for Q3 fell 1.3% to €5.98bn (£5.43bn) from €6.06bn (£5.49bn) the previous year which the company attributed to the “changing consumer and channel dynamics” that have come about as a result of the Covid-19…
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22 OctoberNews
Travis Perkins like-for-like group sales decline 3.4%
Travis Perkins has reported its total like-for-like group sales declined 3.4% in Q3 compared with the same period last year, according to the company’s latest financial statement. The trading company said the fall in sales was a reflection of the branch closures in June as a result of Covid-19. The…
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22 OctoberClothing & Shoes
TM Lewin owner eyes Jaeger bid
The owner of menswear retailer TM Lewin is reportedly considering a bid for Phillip Day’s embattled retail brand Jaeger. According to Sky News, Torque Brands, the investment vehicle formed by businessman James Cox, is one of a small number of businesses which have expressed interest in acquiring the brand. Jaeger…
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21 OctoberEntertainment
Geek Retreat plans on opening 100 more stores
Games and fantasy company Geek Retreat has confirmed its plans to open another 100 stores over the next two years according to the BBC. The new 100 store plan is predicted to create around 600 new jobs. The retailer said it plans on opening sites in Bournemouth, Northampton and Liverpool…
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20 OctoberCoronavirus
Manchester moved into Tier three
Prime minister Boris Johnson has announced that Manchester will be placed into Tier 3 Covid-19 restrictions, after talks between mayor Andy Burnham and the UK government collapsed. As a result of being placed under Tier 3, pubs and restaurants must close unless they are supplying substantial meals and outside household…
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19 OctoberCoronavirus
Wales announces ‘firebreak’ lockdown
The Welsh government has announced a two-week “firebreak” national lockdown, which will force business closures across the country from 23 October at 6pm until Monday 9 November. According to BBC News, first minister Mark Drakeford said the “time-limited firebreak” will be “a short, sharp, shock to turn back the clock,…
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19 OctoberHigh Street
11,000 shops closures since lockdown, double rate of last year
Shop closures in the UK have hit record levels with over twice as many net closures in the first half of 2020 compared to last year, according to research carried out by the Local Data Company and PwC. Some 11,120 chain operator outlets have closed this year so far, with…
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16 OctoberClothing & Shoes
Superdry CFO steps down
Superdry has announced CFO Nick Gresham will step down from the company with immediate effect. The fashion retailer said a search for a permanent replacement is due to start whilst an interim will be allocated in his place. The brand recently announced an overall 210% decline in profit before tax…
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16 OctoberHigh Street
Sales at Boots’ retail sites drop 30%
Sales at Boots’ retail sites reportedly fell by almost 30% in the quarter up to August as consumers chose to carry out their shopping online. Walgreens Boots Alliance, Boots’ parent company, reported that despite an improvement from the 48% drop seen in the previous quarter, the UK retailer continued to…
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