Economic Headwinds
This coverage analyses the economic headwinds confronting the UK retail sector in 2025. Reporting focuses on factors such as rising operational costsโincluding increased employer National Insurance contributions and higher minimum wagesโreduced consumer spending due to the ongoing cost-of-living crisis, and a challenging macroeconomic environment marked by consecutive GDP contractions. Additionally, the coverage examines the impact of these pressures on retail operations, including store closures, job losses, and shifts in consumer behaviour. These insights are tailored for retail executives, financial planners, and professionals navigating strategic decision-making amid economic uncertainty.
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Oct- 2023 -25 OctoberOnline & Digital
Virgin Wines sales fall by ยฃ10m in FY23
Virgin Wines has seen revenues fall to ยฃ59m in FY23, down from ยฃ69.2m, as the group battled with economic headwinds and the launch of a new Warehouse Management System over the period.ย ย As well as a fall in sales, profit before tax fell to ยฃ0.6m, down from ยฃ6.2m, while adjusted…
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24 OctoberNews
Retailers raise over ยฃ500m for good causes throughout the year, BRC finds
A new report by the British Retail Consortium (BRC) has found that retailers and their customers raised ยฃ540m for good causes in the last financial year.ย The report โ Supporting Charities, Communities and Customers โ provides an analysis of UK retailersโ charitable giving for the first time. It also finds…
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Jun- 2023 -28 JuneNews
UK retail rewards programmes influence ยฃ74.9 billion in consumer spending
As the cost of living crisis continues to bite, a new report by shopping rewards experts Webloyalty and economists Cebr has revealed the pressures both retailers and consumers face in 2023. With retailers tackling weaker margins and cost pressures and price conscious shoppers shifting their shopping habits as saving money…
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23 JuneEconomy
Consumer confidence improves by a further three points in June
GfKโs long-running Consumer Confidence Index increased three points to -24 in June. after three measures improved, one was down and one was unchanged in comparison with the previous month. The index measuring changes in personal finances during the last 12 months was up five points at -15; this is eight…
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5 JuneFeatures
The trials and tribulations of Superdry
Back in the early to mid 2010s Superdry was a highly popular and successful clothes brand. The company grew hugely in this time posting a profit before tax of ยฃ51.4m in its end of year results for 2012. However, more recently the brand has struggled highlighted in its most recent…
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Mar- 2023 -10 MarchProperty
EG Group revenues jump 25% to $33bn
Asda owners the Issa brothersโ EG Group has revealed its full-year revenues surged 25% to $33.04bn (ยฃ22.5bn), which it said was boosted by the contribution of recent acquisitions. For the full year ended 31 December 2022, the groupโs EBITDA increased by 1.9% to $1.46bn (ยฃ1.28bn). It said its foodservice business…
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Jan- 2023 -23 JanuaryHigh Street
The Works hails โresilientโ sales amid 5.7% jump
The Works has revealed it has seen a strengthening in trade since the end of its first half, with like-for-like sales increasing by 5.7% in the 11 weeks ended 15 January. The retailer also saw strong performance in-store where sales rose by 9.7%, although online sales declined by 14%, which…
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17 JanuaryOnline & Digital
Ocado reveals Q4 revenues of ยฃ550m
Online retailer Ocado has announced revenues of ยฃ550m for 13 weeks ended 27 November 2022, an increase of 0.3% compared with last year. The strong revenues come as a result of a 1.9% increase in average orders per week, which rose to 382,000. Despite this the average basket value dropped…
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12 JanuaryDIY
Halfords lowers guidance as lack of technicians hampers growth
Halfords has lowered its full-year profit guidance after it revealed that a challenging labour market meant a lack of skilled technicians combined with a weak tyre market hampered growth. In a trading update for the 13 weeks to 30 December 2022, it confirmed group revenues increased 38.3% and 12.6% LFL…
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10 JanuaryHigh Street
The Fragrance Shop reports โrecord salesโ amid 11% increase
The Fragrance Shop has announced that it saw an 11.2% increase in underlying sales in the six weeks ending 31 December 2022, compared with the same period the previous year. The company said the โrecordโ sales performance was fuelled by popular new fragrance launches, such as Paradoxe by Prada, Fame…
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