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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Jan- 2023 -31 JanuarySupermarkets
Tesco in talks to acquire paperchase out of administration
Tesco is reportedly close to acquiring stationery retailer Paperchase out of administration. According to Sky News, Tesco is in advanced talks to acquire the name and intellectual property of the embattled retailer in a deal that could be agreed as early as Today (31 January). Sky News cited that sources…
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27 JanuaryComment
Reasons retailers should prioritise delivery
The Covid-19 Pandemic accelerated the growth in e-Commerce and it is going to continue to grow as consumers value the convenience and ease of online shopping. Retailers need to have completely joined-up sales, fulfilment and returns processes. There is little point in having a slick website to sell the product…
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3 JanuaryNews
Footfall drops almost 30% post-Christmas
Retailers in the UK saw footfall decrease 27.7% last week compared to the week before Christmas, which was just 7% higher than this week last year, according to data from Springboard. This number was nearly 20% lower than the number in 2019, although Springboard did attribute some of this to…
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Dec- 2022 -7 DecemberClothing & Shoes
Quiz returns to profitability in H1 as demand rises
Quiz has welcomed a “significant” increase in profitability in its half-year results, as profit before tax hit £1.8m, up from a loss of £1.3m the prior year, after the group witnessed stronger consumer demand for the brand. The group, which also benefited from softer prior year comparatives as a result…
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6 DecemberPeople Moves
VF Corp names Benno Dorer as interim CEO
VF Corporation has announced that Benno Dorer, lead independent director of the VF board, has been named interim president and CEO, effective immediately. His appointment follows Steve Rendle’s decision to retire from his position as chairman, president and CEO. The company, which owns brands including Vans and the North Face,…
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Nov- 2022 -24 NovemberDepartment Stores
Mothercare appoints new CEO as profit and sales stall
Babywear retailer Mothercare has announced the appointment of Daniel Le Vesconte as group CEO as it revealed a period of tough trading for the half year up to September 2022. Le Vesconte will start his new role in the new year and brings with him a wealth of experience. He…
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3 NovemberClothing & Shoes
Clarks returns to profit in FY22 amid repositioning
Clarks has announced it has returned to profit for the year ended 29 January 2022, with pre-tax profits rising to £55.4m compared to a loss of £181.8m in the previous year, following a period of recovery and repositioning. Group operating profit also increased year-on-year from £162.2m to £61.7m, and group…
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Oct- 2022 -26 OctoberHigh Street
Virgin Wines posts profit upturn as it warns of oncoming crisis
Virgin Wines has said that its profits before tax rose to £5.1m for the year ended 1 July 2022, up from £1.7m in 2021. While group revenues fell year-on-year from £73.6m to £69.2m, it remains 63% above pre-pandemic levels three years ago. Meanwhile the group’s cash balance was down from…
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21 OctoberEconomy
Retail sales fall below pre-pandemic levels
Retail sales volumes fell by 1.4% in September 2022, making them 1.3% below pre-coronavirus (Covid-19) February 2020 levels. According to the latest data from the ONS, while retailers continue to mention the effect of rising prices and the cost of living on sales volumes, they were also affected by the…
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18 OctoberCoronavirus
Greggs wins initial ruling in £150m Covid insurance case
Greggs has reportedly won a landmark ruling in the high court that supports its case to claim more than £150m on an insurance policy that was triggered by the Covid-19 pandemic. According to The Times, a High Court judge has backed the majority of Greggs’ claims of business interruptions caused…
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