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 -6 AugustClothing & Shoes
Joules swings to £2m loss in full-year results
Joules has announced that it swung to a pre-tax loss of £2m in its full-year of trading, down from the £12.9m profit it reported the year prior. Group revenue also fell by 12.5% to £190.8m in the period, down from the £218m reported the year before. The retailer noted that…
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5 AugustCoronavirus
River Island considering CVA as Covid-19 hits sales
Fashion retailer River Island is reportedly considering a CVA proposal as it attempts to weather the coronavirus pandemic. According to Retail Week, River Island is considering launching a CVA proposal or another form of administration in order to reduce rents or close some of its stores that have seen lower…
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5 AugustTechnology
Amazon Go to launch in UK
Amazon has reportedly struck a deal to open more than 10 Amazon Go stores across the UK, with a view to opening a further 20 sites down the line. According to The Sunday Times, the first of these stores is expected to open in London before the end of the…
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4 AugustHealth & Beauty
DW Sports falls into administration, 1,700 jobs at risk
DW Sports has collapsed into administration, placing around 1,700 jobs at risk. BDO announced that its restructuring partners, Graham Newton and Ryan Grant, were appointed joint administrators of the sportswear and fitness company on 3 August 2020. The group currently operates 50 retail sites and 73 gyms across the UK,…
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4 AugustOnline & Digital
AO to open new 115,000 sq ft warehouse
Online electricals retailer AO has expanded its logistic capabilities with the opening of a new 115,000 sq ft warehouse in Stafford. The new warehouse will also create 250 new roles with AO adding that the recruitment drive has been launched to manage the “sustained demand” created by customers turning to…
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Jul- 2020 -31 JulyTips
What to know about business interruption insurance claim
With the current healthcare pandemic affecting all retail businesses across the UK, it’s clear that times like these are especially challenging for those looking to bounce back. As footfall rates continue to drop and hit all-time-lows, most businesses are now amid a critical period outlined with more challenges. Despite the…
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31 JulyHigh Street
TUI to shutter 166 stores
TUI is set to close 166 high street stores in the UK and Ireland as it “adapts to changes in customer behaviour” caused by the Covid-19 pandemic. The group said the impacted stores were selected based on a number of factors, including local market data, consumer trends and predictions on…
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31 JulyOnline & Digital
Amazon profits double despite Covid-19 impact
Amazon has reported a massive surge in profits for the second quarter of the year as it revealed that net income doubled from $2.6bn (£1.9bn) to $5.2bn (£3.9bn), despite the impact of Covid-19. It comes after it reported that net sales increased by 40% to $88.9bn (£67.6bn) in the second…
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29 JulyHigh Street
Games Workshop profits soar in full-year results
Games Workshop saw its pre-tax profits jump to £89.4m during the year ended 31 May 2020, up from £81.3 in 2019, despite closing stores for six weeks during the Covid-19 pandemic. The retailer also reported a 5.1% increase in sales to £269.7m during the period. Some 29% of sales were…
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28 JulyDepartment Stores
Selfridges to axe 450 roles
Selfridges has outlined plans to cut 450 roles across its business, equating to a 14% reduction of its total headcount. Managing director, Anne Pitcher, warned staff of the proposed redundancies as the group predicted “significantly less” sales in the coming year. Pitcher reportedly told staff that those currently placed on…
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