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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Apr- 2021 -19 AprilOnline & Digital
Studio set to welcome ‘record’ performance in FY21
Studio has provided an update on its “record” trading performance in the year to 26 March 2021 with adjusted pre-tax profit expected to be in the region of £48m to £50m, up 75% to 83% on £27.3m in FY20. The group noted that trading in the traditionally quieter final quarter…
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16 AprilComment
Real time data underpins retail success with unpredictable shoppers
We live in unprecedented times and for retailers this challenging environment throws a new curve ball each week. Shopper behaviour is not easy to predict in normal circumstances and Covid-19 has exacerbated this challenge. This can, for example, be seen in foot traffic to stores – a key indicator of shopper…
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16 AprilOnline & Digital
MusicMagpie plans £208m London float
MusicMagpie, the e-commerce retail business, has announced plans for a £208m float on the London Stock Exchange. The proposed admission to trading on AIM would place 7,772,020 new ordinary shares and 49,415,850 existing ordinary shares of one pence each, both at a placing price of 193 pence. The new shares…
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16 AprilPeople Moves
Retail leaders join forces with retailTRUST to support workers’ wellbeing
Over 20 retail leaders and experts have joined forces with industry charity retailTRUST to champion the health and wellbeing of its workforce next month following the reopening of non-essential shops across the UK. Morrisons’s chief executive David Potts will be among those taking part in retailTRUST’s ‘Championing the health of…
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15 AprilClothing & Shoes
Hobbs sees FY20 turnover fall to £133m
Hobbs, the women’s clothing, footwear, and accessories retailer, saw its turnover for the year ended 28 March 2020 fall 1.8% to £133m. The group’s adjusted EBITDA for the period also declined, falling £1.7m from £21.9m in FY 2019 to £20.2m in FY 2020. Operating profit and profit after tax at…
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15 AprilAnalysis
Could failed deliveries threaten to derail the global eCommerce boom?
The pandemic has prompted a global surge in consumers buying goods online, quickly accelerating a trend that was already well underway. As a result, business is booming for retail businesses worldwide, with 54% of firms reporting an increase in international orders during the past 12 months. While this has clearly…
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14 AprilHigh Street
Grocery sales boost retail figures in March
New research has found that grocery sales have boosted overall retail sales in March, despite many categories remaining in decline due to the pandemic. According to KPMG and the British Retail Consortium (BRC)’s retail sales monitor, total retail sales rose by 8.3% in March compared to the same period in…
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14 AprilSupermarkets
Tesco profits fall 20% despite rising sales
Tesco has reported that pre-tax profits plunged 19.7% to £825m in its latest full-year results, despite UK like-for-like sales increasing by 7.7% to £39.4bn in the period. It comes as the group said the pandemic had “far-reaching” impacts on its operations, as it incurred Covid-related costs of £892m, largely attributed…
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14 AprilProperty
Landsec collects two-thirds of rent in latest quarter
Landsec has announced that it collected £67m of rent in its latest quarter, two-thirds of the £110m that was due on the 25 March payment date. Of the £33m of rent outstanding, £10m relates to customers who have withheld payment pending documentation of agreed concessions. The 67% of net rent…
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14 AprilAdvice
A repackaged retail strategy – How FMCG brands are innovating to stay ahead
The FMCG category has been buffeted by unprecedented change over the past year with huge disruption to traditional routes to market and dramatically altered customer behaviour. With consumers stuck at home, brands have been forced to overhaul long-running product distribution strategies and completely rethink marketing plans for product launches. Encouragingly…
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