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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May- 2023 -24 MayFeatures
Will businesses survive after entering into administration?
Can you tell me about yourself? I am a chartered accountant and I lead the expanding retail and consumer goods sector, responsible for defining and implementing the Mazars strategy for our consumer clients. I’m also a consulting partner that brings insight and value to clients by directing our full suite…
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12 MaySport & Leisure
Peloton recalls over two million exercise bikes
Peloton is recalling more than two million of its exercise bikes Model PL01, following revelations that the seat post assembly can break during use and cause injuries, The Guardian has reported. This particular model was sold from January 2018 to May 2023 for roughly $1,400 (£1,120) by Peloton and Dick’s…
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11 MayNews
Roberts Radio appoints new CEO
British audio brand, Roberts Radio, has recently appointed Owen Watters as its CEO, returning to the business in a role he had previously held for six years. Watters joins Roberts from Hama UK, where he was managing director. Prior to that, he had already worked at Roberts for 14 years,…
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4 MayHealth & Beauty
L’Occitane sales jump 17% to €2.1bn
Beauty retail group L’Occitane has revealed its net sales jumped 17% to €2.13bn (£ 1.85bn) in the 12 month period ended 31 March 2023. The group’s sales performance in the three months ended 31 March 2023 (“FY23 Q4”) improved from that of the three months ended 31 December 2022 (“FY23…
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Apr- 2023 -20 AprilClothing & Shoes
David’s Bridal enters administration
David’s Bridal UK has entered administration after its US owner filed for bankruptcy. David’s Bridal UK Ltd is a subsidiary of the “long-established” David’s Bridal LLC which is headquartered in Pennsylvania, United States of America. The US arm filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy…
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Mar- 2023 -31 MarchEconomy
UK economy avoids recession amid 0.1% growth
The UK economy narrowly avoided a recession during the fourth quarter (Oct-Dec) as UK GDP increased 0.1%, revised up from no growth, according to the latest data from the ONS. In output terms, the services sector grew by 0.1% and the construction sector grew by 1.3%, while the production sector…
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29 MarchNews
Unbound Group shares surge amid possible takeover
Unbound Group saw its shares surge on Tuesday (28 March) after the clothing company announced a possible cash offer by WoolOvers Group, a knitwear company which targets the same demographic. Under the terms of the offer, Unbound shareholders would receive a 10.5 pence in cash and 1 contingent value right…
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10 MarchClothing & Shoes
Prada reports profits rise 21% to €4.2bn for FY22
Prada Group has reported that its 2022 revenues increased to €4.2bn (£3.7bn), marking a 21.3% rise over 2021, according to its financial for the period ending 31 December 2022. It said that retail sales, which increased 23.8% to €3.7bn (£3.27bn), was the primary driver, as well as organic expansion at…
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Feb- 2023 -3 FebruarySupermarkets
Canada Goose lowers outlook as revenues slip
Canada Goose reported revenues of $576.7m (£471.3m), down 1.6% from the prior third quarter “largely due” to timing of wholesale shipments and lower revenue in Mainland China related to Covid-19 disruptions. However, it revealed its gross profit increased $2.6m (£2.1m) primarily due to gross margin expansion. It generated net income…
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1 FebruarySupermarkets
Tesco acquires Paperchase IP in pre-pack deal
Tesco has acquired the intellectual property and brand of embattled stationery retailer Paperchase for an undisclosed sum in a pre-pack deal. The brand’s 106 stores are not part of the deal leaving the future of its 820 members of staff in doubt. The news comes less than a year after…
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