Hybrid Working
This coverage examines hybrid working practices and their impact on the UK retail sector, offering insights for executives, managers, and HR professionals. Reporting includes workforce trends, operational challenges, productivity considerations, and strategies for implementing flexible work arrangements in retail businesses. The analysis helps professionals understand how hybrid working affects staff engagement, costs, and customer service.
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Jan- 2023 -25 JanuaryClothing & Shoes
Footfall improves throughout 2022 but remains 14% behind 2019
UK footfall improved throughout 2022, but there still remains a “significant” 14.2% gap to pre-pandemic 2019 levels, according to Springboard’s annual retail review for 2022. However, the figure does mark “a steady improvement”, from -20.8% below 2019 in January 2022 to -10.9% in December 2022. The uplift from 2021, however,…
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Nov- 2022 -15 NovemberHigh Street
Footfall sees modest rise amid consumer nervousness over costs
Footfall rose by just +1.3% across UK retail destinations last week from the week before, after a decline of -7.5% following the school half term in the week before last, according to Springboard. Springboard said that the modest increase indicates “consumer nervousness” in the midst of the cost of living…
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Oct- 2022 -6 OctoberHigh Street
Footfall slows to +6.8% in September
UK footfall slowed for the third consecutive month and now sits just 6.8% compared with the same period in 202, as the rising cost of living cuts consumer visits according to the latest data from Springboard. Springboard revealed that superficially September’s results suggest that footfall has largely been unaffected by…
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Jul- 2022 -7 JulyHigh Street
Footfall set to remain below 2019 for foreseeable future
Footfall is set to remain below 2019 levels for the “foreseeable future” as the cost of living crisis deepens and working from home becomes a permanent fixture, according to the latest Footfall Monitor and Insights from Springboard. Springboard found that footfall strengthened for the third consecutive month in June, with…
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Jun- 2022 -27 JuneEconomy
High street footfall plummets amid cost of living strain
High street footfall fell 25% in May against the previous month, according to RSM UK’s analysis of the latest data from Datscha, showing that the biggest month-on-month decreases were seen in Glasgow (down 54%), Newcastle (down 40%) and Brighton (down 39%). Footfall is reportedly still 48% lower than pre-pandemic levels,…
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Mar- 2022 -28 MarchElectrical
Currys introduces hybrid working policy with new WeWork partnership
Currys has launched a new hybrid working model for all corporate and commercial employees in the UK after signing a new deal with workspace provider WeWork. The deal will see Currys equip its 1,000+ corporate workforce with WeWork All Access passes, enabling them to visit over 50 UK WeWork locations.…
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1 MarchDIY
Travis Perkins profits spike 175%
Travis Perkins plc has revealed its adjusted operating profits surged 175.8% for the year ending 31 December 2021 (FY21), rising year-on-year from £128m to £353m, and up 19% compared to pre-Covid levels. The group said the performance reflects the work undertaken to enhance its customer proposition through investment in network…
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Jan- 2022 -28 JanuaryHigh Street
Store vacancy rate improves for first time since 2018
New research has found the number of vacant stores has decreased for the first time since 2018, according to the latest BRC-LDC Vacancy Monitor. In Q4, the GB store vacancy rate fell to 14.4%, 0.1 percentage points below the Q3 level. Shopping Centre vacancies improved to 19.1% for Q4, a…
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Jul- 2021 -22 JulyHigh Street
17,000 high street stores could open this year, says Barclays
Some 17,000 local high street stores could open within the next 12 months, as customers reportedly “adapt to a post-lockdown world by looking local”, according to Barclays Corporate Banking. Its research found that consumers have returned to physical stores with “confidence” since restrictions began to ease. Some 68% say they…
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5 JulySupermarkets
Asda confirms hybrid working model for colleagues
Asda has confirmed that it will introduce a permanent hybrid working model for head office colleagues once social distancing restrictions are lifted. The group recently invested in its head offices to make sure it was Covid-secure with it remaining open with reduced capacity during the pandemic for those colleagues that…
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