Footfall
This coverage explores footfall trends and their impact on the UK retail sector. Reporting includes data on shopper visits, analysis of high street and shopping centre traffic, seasonal fluctuations, and the effectiveness of initiatives to drive in-store engagement. Designed for retail executives and managers, it offers insights to inform operational planning, marketing strategies, and store performance evaluations.
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Jan- 2021 -29 JanuaryHigh Street
Card Factory to receive one month covenant breaches waiver
Card Factory has been issued a one month extension to covenant breaches by banks until 28 February 2021. Earlier this month, the firm warned it was going to breach its banking covenants by the end of January, although it had access to £200m of debt facilities. The group stated it…
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27 JanuarySupermarkets
Poundland owner reports Q1 sales drop
Pepco Group, which owns brands such as Poundland in the UK, has reported a like-for-like sales decline of 2.1% in its first quarter due to lockdown restrictions resulting in store closures across the country. Despite this fall in sales, trading stores that were open for the full duration of any…
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25 JanuaryBusiness Bites
Five retailers who excelled during the Christmas season
Asos Asos has gone from strength to strength in the past few years with this year being no different. Over the peak festive season it saw its sales increase by 23% to £1.32bn from £1.074bn the previous year, which the group claimed was due to support by investors who…
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25 JanuaryCoronavirus
Waterstones boss warns of closures unless gov extends rates relief
James Daunt, the boss of book retailer Waterstones, has warned that he could be forced to close stores unless the government extends its business rates relief and other forms of state aid. Talking to Retail Week, he said that while he has no intention to close stores currently – it…
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22 JanuaryAdvice
Don’t relapse into a brick-and-mortar mentality
Despite vaccines being rolled out and there being some semblance of light at the end of the tunnel, the situation for brick-and-mortar stores this year remains bleak. In-store retail continues to struggle and according to a recent report from The Centre for Retail Research, up to 200,000 in-store jobs could…
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22 JanuaryDepartment Stores
Selfridges endures ‘most difficult year’ thanks to 2019 performance
Selfridges has endured the “most difficult year” in its 113-year history, but was able to weather the storm. The chain of luxury department stores was reportedly kept afloat through growing sales in 2019 and investing in e-commerce. Anne Pitcher, managing director at the group, confirmed to the Times that the…
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20 JanuaryAnalysis
Retailers and the pressing question of their real estate portfolios
It is not an understatement to say that Covid-19 has vastly altered markets and the way businesses work within them, especially those in the retail sector. Arguably one of the greatest changes induced by Covid-19 is the rapid take-up of e-commerce in place of physical retail. “Online sales have accelerated…
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19 JanuaryClothing & Shoes
Superdry swings to £18.9m H1 loss
Superdry has reported an £18.9m loss for the first half of the year, as the company also warned about its ability to continue as a going concern due to the impact of Covid-19 and lockdown restrictions. For the 26-week period to 24 October 2020, it revealed total group revenue declined…
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19 JanuaryHigh Street
Footfall continues to decline but stays above Lockdown 1 levels
Footfall across UK retail destinations declined by -10.9% last week from the week before, but has managed to stay above levels seen during the first lockdown last year. According to the latest data from Springboard, the 10% decline was less than half the drop of -27.1% in the previous week.…
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15 JanuaryHigh Street
H&M appoints new communications director
H&M has announced the appointment of Andreas Eriksson as communications director succeeding his predecessor Kristina Stenvinkel. Eriksson, who was the group’s previous head of media relations, will be succeeded by Iñigo Sáenz Maestre, who is currently the senior press officer. Eriksson brings with him extensive experience within communications and leadership…
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