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- 2020 -21 MayComment
Dealing with true demand today to help customers for the coming months
With the COVID-19 novel coronavirus on the rise worldwide, retailers are being forced to rethink their supply strategies on the fly. Demand for sundries and medical essentials is booming – especially via “buy online, pick up in store” (BOPIS) as well as curbside and home delivery channels that aid with…
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21 MayHigh Street
Pets at Home sales top £1bn for the first time
Total annual revenue at Pets at Home exceeded £1bn for the first time in its history, increasing 10.2% to £1,058.8m in the full-year ended 26 March 2020 . Like-for-like revenue also surged 9% during the period, while retail like-for-like revenue was up 9.4%, marking a 15% rise on a two-year…
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20 MaySupermarkets
Asda sees Q1 sales rise 3.5%
Big four grocer Asda has reported a 3.5% like-for-like sales rise during the first quarter of the year following a “surge” in online sales during the coronavirus lockdown. In an update for the three month period ending 31 March 2020, the supermarket said it experienced a surge in demand for…
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20 MayNews
Marks and Spencer profits tumble in full-year results
Marks and Spencer has announced that profit before tax tumbled 20.2% to £67.2m in the full-year ended 28 March 2020. It comes as an uplift in food sales failed to offset poor sales in its clothing division. The retailer’s full-year grocery sales improved 1.9%, with an estimated 0.3% lift attributable…
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20 MayCoronavirus
Deliveroo expands partnership with Majestic Wines to 80 locations
Deliveroo and Majestic Wines has announced the expansion of its delivery partnership to cover 80 UK sites across the UK, alongside an expanded range on offer. Majestic Wines has unveiled a specially curated range of more than 50 wines, champagnes and spirits, available to order on the Deliveroo app. The…
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19 MayHigh Street
Topps Tiles reports losses of £4m in half-year results
Topps Tiles has reported pre-tax losses of £4m for the half-year period ended 28 March, down from the profits of £5.2m it made during the same period in 2019. First half like-for-like sales declined by 6.1%. Excluding week 26, when all stores were closed due to Covid-19, like-for-like sales decreased…
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18 MayCoronavirus
Nike warns on subdued Q4 results amid Covid-19 lockdown
Sport fashion retailer Nike has warned this its fourth quarter sales will be impacted by the Covid-19 lockdown. Since mid-March, the vast majority of Nike-owned and wholesale partner stores outside Greater China and South Korea have been completely closed in order to protect the health and safety of staff and…
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18 MayClothing & Shoes
VF Corp sees FY revenues jump 2% but warns Q1 earnings may halve
VF Corporation, the owner of brands such as Vans, The North Face and Timberland, has reported a 2% increase in full-year revenues but has warned that it expects current-quarter revenue to more than halve due to the coronavirus outbreak. In a trading update for the full-year ended March 28, 2020,…
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18 MayCoronavirus
Central England Co-op reports rise in ‘violent’ threats to staff during lockdown
Central England Co-op has reported a rise in “violent” offences being carried out against its staff amid the Covid-19 pandemic. The company reported problems which include verbal abuse and threats, alongside customers threatening to cough and spit on employees. Figures for the past four weeks have revealed an increase in…
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15 MayTips
Transparency in fashion – What it is and whether it’ll survive the Covid-19 pandemic
With the Coronavirus (COVID-19) pandemic keeping shoppers at home, clothing sales are plummeting faster than ever before. How the fashion industry redefines itself after nation-wide lockdowns will determine how it eventually recovers. What is the Transparency Trend? Transparency in the retail industry is promoted by activists and points out the…
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