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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Mar- 2021 -19 MarchAnalysis
Lidl & Aldi – Location, Location, Location
The demise of the high street and the evolution that part of retail is currently experiencing is extremely well documented. But one area that is not so well covered is the rise of Lidl & Aldi and their move towards dominance in the extremely valuable food retail market. This is…
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19 MarchClothing & Shoes
Nike global revenues up 3% as online helps offset store closures
Global sportswear giant Nike has revealed that its revenues for the third quarter of the year were $10.4bn (£7.4bn) up 3% compared to the prior year. The retailer revealed that despite a large portion of its store estate in Europe remaining closed during the final two months of the quarter,…
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18 MarchHigh Street
Wilko key workers prepare to strike amid sick pay cuts
Wilko key workers who are part of GMB union have announced they are preparing to strike after having their sick pay entitlement cut. A consultative ballot undertaken by the union saw 88% of Wilko workers vote that they were ready to take action up to and including strike action following…
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18 MarchClothing & Shoes
Ralph and Russo enters administration
Ralph and Russo has announced that it has been placed into administration putting its 400 worldwide employees at risk. Last week, a spokesman for the brand told Sky News that the company would “fight any attempt” by creditors to force it into insolvency. Following a year of affected trading caused…
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18 MarchNews
Ocado revenue soars amid ‘dramatic’ shift to online
Ocado has announced that retail revenue soared by 40% in its first quarter ended 28 February 2021, amid a “dramatic and permanent” shift towards online shopping in light of the pandemic. Average orders per week were up by 2.5% against the first quarter of 2020, while the average order size…
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18 MarchOnline & Digital
Eve Sleep losses narrow by £10m in FY20
Eve Sleep has revealed that its losses were cut by 83% from £12.1m to £2m in its full-year ended 31 December 2021, despite significant supply issues arising from the pandemic. In the same period, the group reported a revenue increase of 6%, from £23.9m in 2019 to £25.2m in 2020,…
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16 MarchTechnology
Rezolve closes on £540m fundraising
Rezolve, a mobile shopping platform startup, is reportedly closing in on a funding round that would value the group at $750m (£540m). According to Sky News, Dan Wagner, the company’s founder, is on the brink of finalising a $20m (£14.4m) cash injection for the group. City sources told the publication…
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16 MarchHigh Street
Footfall rises for seventh consecutive week
Footfall across UK retail destinations rose for the seventh time in eight consecutive weeks last week, up 7% according to the latest Springboard data. Footfall rose on five of the seven days last week, increasing by 10% on each day between Thursday and Saturday with a peak of 14.1% on…
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16 MarchHigh Street
Greggs swings to £13.7m FY20 loss
Greggs has posted a £13.7m loss-before-tax for the 53 weeks ended 2 January 2021, down from profits of £108.3m in 2019. The group attributed its first annual loss since the firm became a listed business in 1984 to “lower-than-normal sales levels” throughout the pandemic. The company’s revenues for the period…
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15 MarchAdvice
No smooth sailing: Omnichannel investment is the key to weathering the storm
A series of challenges over the last year have brought with them a wealth of era-defining moments for retail. Within a brief and turbulent window of time, we have seen some of the biggest hallmarks of the changing retail landscape. Most notably, the already wavering high street was hit hard…
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