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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Aug- 2020 -27 AugustCoronavirus
Majority of retail office workers feel unsafe returning to work after Covid-19
Only 28% of office workers in the retail, catering and leisure sector feel safe returning to work after the pandemic, despite new health and safety measures that have been put in place. This is according to new research from insurance provider Protectivity, which asked office workers around the UK how…
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25 AugustOnline & Digital
Studio Retail Group profits rise in full-year results
The Studio Retail Group (SRG) has hailed a strong year of growth after posting a 3.9% increase in adjusted operating profits for the period ended 27 March 2020. Total group revenue increased by 2.2% to £514.8m during the year and core net debt reduced by £5.6m to £51.8m. Studio, SRG’s…
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25 AugustCoronavirus Featured Content
Preventing fraud in ecommerce: how retailers should respond
It’s been nearly five months since the prime minister announced a state of lockdown in the UK due to the coronavirus. In this time, the retail sector as we know it has changed dramatically. Without much warning, retailers have had to close brick and mortar stores from the start of…
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25 AugustCoronavirus Featured Content
The three waves for retailers
Retailers don’t have the luxury of focusing solely on the short-term impact of Covid-19. The familiar retail experience that we’ve come to known will evolve and many of the changes the industry is implementing to counter the effects of the pandemic will become permanent, resulting in a new normal. We’ve…
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25 AugustDepartment Stores
DFS trading remains ‘strong’ despite lockdown
DFS announced today it is continuing to trade “strongly” both online and in showrooms despite the economic downturn, with year-on-year intake growth over the last six weeks that is equivalent to approximately £70m of revenues. This trading is “significantly” ahead of the furniture retailer’s initial expectations, with its previously announced…
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24 AugustSupermarkets
Tesco creates 16,000 new permanent roles
Tesco has unveiled plans to create 16,000 new permanent roles to support the growth of its online business. These 16,000 jobs are in addition to the 4,000 permanent jobs already created since the start of the Covid-19 pandemic. The roles will include 10,000 pickers to assemble customer orders and 3,000…
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24 AugustEconomy
Record economic growth anticipated for Q3
The UK is reportedly on track for a record economic resurgence during the third quarter of the year, following sharp declines in GDP at the peak of the Covid-19 pandemic in Q2. According to the Financial Times (FT), City of London economists have predicted a 14.3% rise in GDP for…
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24 AugustHigh Street
Foot Locker sales jump 18% in Q2 results
Foot locker has reported a 17.1 % increase in total sales to $2bn (£1.5bn) for the second-quarter period ended 1 August 2020. Second quarter comparable-store sales also increased by 18.6% during the period. However, the company’s gross margin rate decreased to 25.9% from 30.1% when compared with the same time…
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24 AugustDepartment Stores
Debenhams owner calls in advisers for its own administration
The holding company of Debenhams, Celine Group Holdings, has appointed advisers to help prepare for its own administration. Celine confirmed that Philip James Watkins and Philip Lewis Armstrong of FRP Advisory have been appointed as administrators in respect of the company and its immediate parent company, Celine UK Newco 1…
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21 AugustHealth & Beauty
Estée Lauder to axe up to 2,000 jobs
Estée Lauder has announced that it will axe between 1,500 and 2,000 positions across its global business in a bid to restructure the company following the coronavirus crisis. The redundancies, which form part of its ‘Post-Covid Business Acceleration Program’, will primarily affect point of sale employees and support staff in…
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