Pandemic
This coverage examines the impact of pandemics on the UK retail industry, focusing on operational disruption, financial challenges, consumer behaviour shifts, and recovery strategies. Reporting highlights store closures, safety measures, supply chain pressures, leadership decisions, and lessons learned to enhance resilience. Tailored for executives and managers, it provides insights to navigate crisis situations and strengthen preparedness.
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May- 2021 -7 MaySupermarkets
Asda pledges to be a net zero carbon business by 2040
Asda has pledged to become a net zero carbon business by 2040, as the company publishes its first Environmental, Social and Governance (ESG) report. According to the grocer, the push to become a net zero carbon business will see the group reduce its GreenHouse Gas emissions by 50% by 2025. …
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6 MayClothing & Shoes
Superdry revenue slumps 21% in full-year results
Superdry saw revenue fall 21% to £556.6m in the full-year ended 24 April 2021, despite witnessing a slight growth of 0.8% in its final quarter as restrictions began to ease across the UK. While store revenue was down by 50.9% to £140.9 amid ongoing store closures in the period, this…
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6 MayCoronavirus
Retail workers suffer worst mental health of any employee group
Retail staff in the UK are currently suffering among the worst mental wellbeing of any employee group, according to the industry charity retailTrust. The survey of nearly 1,300 retail employees revealed their average wellbeing levels are much lower than in people who work in other industries, with 84% of workers…
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5 MayAdvice
Why space is so important to D2C retailers
It seems like there’s a gold rush at the moment for warehouse and fulfilment space as online retailers and direct-to-consumer operators wrestle for every last inch of viable commercial space across the UK. Research by Knight Frank backs this up, with 40 million square foot of new commercial space slated…
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5 MayClothing & Shoes
Boohoo profits soar 35% in full-year results
Boohoo has reported that its pre-tax profit soared by 35% to £124.7m for the year ended 28 February 2021, up from £92.2m the prior year. In the same period, revenue climbed 41% to £1.7bn, up from £1.2bn the previous year, which Boohoo attributed to the growth of its longer established…
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5 MayDepartment Stores
And So To Bed returns to profit in FY20
And So To Bed, a luxury bedroom furniture retailer, returned to a £330,000 profit for FY20, recovering from a £108,000 loss in FY19. It comes despite the group revealing revenue for the 12 months to 31 December 2020 declined 12.8% year-on-year. However, a reduction in administrative expenses of over £1m…
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4 MayHigh Street
WH Smith mulls takeover of Dixons Carphone’s airport stores
WH Smith is reportedly eyeing up a takeover of Dixons Carphone’s airport stores, after the electronics business closed 35 of its travel shops following the effects of the pandemic. According to The Telegraph, Carl Cowling, WH Smith’s chief CEO, said the exit was “another opportunity” to roll out its own…
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4 MayDIY
Loaf explores £70m sale
Furniture retailer Loaf has reportedly begun exploring a potential sale of the business that could value the business at around £70m. According to the Sunday Times, the retailer has appointed Grant Thornton to start the sales process and sound out any potential suitors. The news comes after the retailer saw…
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Apr- 2021 -30 AprilTechnology
Apple sees Q2 revenues up 54%
Apple has revealed that its revenues for the second quarter of the year ending March 27, increased 54% to $89.6bn (£64.3bn). It comes as the retailer reported that international sales accounted for 67% of the quarter’s revenue. Apple reported double-digit growth in all of its product categories, with iPhone sales…
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30 April
Amazon sees Q1 profits surge to $8.1bn
Amazon has revealed that net income soared to $8.1bn (£5.8bn) in its first quarter results, up from a net income of $2.5bn (£1.8bn) the year prior, as more customers turned to online shopping amid the global pandemic. In the same period, its net sales increased 44% to $108.5bn (£78bn) in…
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