Economic Headwinds
This coverage analyses the economic headwinds confronting the UK retail sector in 2025. Reporting focuses on factors such as rising operational costs—including increased employer National Insurance contributions and higher minimum wages—reduced 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.
-
Sep- 2024 -18 SeptemberOnline & Digital
Moonpig to meet full-year guidance despite market challenges
Moonpig has revealed that it expects to hit its guidance for FY25 despite the ongoing “challenging environment” and consumers pulling back on larger gifting items. In a trading update, it said it expects revenue growth to be at a mid-to-high single digit percentage rate, underpinned by growth in orders within…
Read More » -
Feb- 2024 -20 FebruaryAdvice
New season, new start – what’s next for the retail sector
As retailers look to unveil the new products of the season, there is an opportunity to start afresh – and consider how best to evolve operations to meet the demands of an ever-evolving breed of customers. While this is no small undertaking, it does provide a real opportunity to enhance…
Read More » -
Oct- 2023 -25 OctoberOnline & Digital
Virgin Wines sales fall by £10m in FY23
Virgin Wines has seen revenues fall to £59m in FY23, down from £69.2m, as the group battled with economic headwinds and the launch of a new Warehouse Management System over the period. As well as a fall in sales, profit before tax fell to £0.6m, down from £6.2m, while adjusted…
Read More » -
24 OctoberNews
Retailers raise over £500m 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 £540m for good causes in the last financial year. The report – Supporting Charities, Communities and Customers – provides an analysis of UK retailers’ charitable giving for the first time. It also finds…
Read More » -
Jun- 2023 -28 JuneNews
UK retail rewards programmes influence £74.9 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…
Read More » -
23 JuneEconomy
Consumer confidence improves by a further three points in June
GfK’s 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…
Read More » -
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 £51.4m in its end of year results for 2012. However, more recently the brand has struggled highlighted in its most recent…
Read More » -
Mar- 2023 -10 MarchProperty
EG Group revenues jump 25% to $33bn
Asda owners the Issa brothers’ EG Group has revealed its full-year revenues surged 25% to $33.04bn (£22.5bn), which it said was boosted by the contribution of recent acquisitions. For the full year ended 31 December 2022, the group’s EBITDA increased by 1.9% to $1.46bn (£1.28bn). It said its foodservice business…
Read More » -
Jan- 2023 -23 JanuaryHigh Street
The Works hails ‘resilient’ 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…
Read More » -
17 JanuaryOnline & Digital
Ocado reveals Q4 revenues of £550m
Online retailer Ocado has announced revenues of £550m 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…
Read More »
