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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Aug- 2024 -2 AugustNews
Network Rail retail sales jump 12.6% in Q4
Network Rail retail sales have increased 12.6% in Q4 across the portfolio of 19 managed stations throughout Great Britain. During the same quarter, the British Retail Consortium (BRC) tracked 2% growth in like-for-like sales highlighting a strong performance at Network Rail destinations. Great British Railways Transition Team (GBRTT) figures show…
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Jul- 2024 -31 JulyPeople Moves
Fenwick appoints new CEO
Fenwick has appointed Nigel Blow, the current CEO of department store Morleys, as its new chief executive officer. His appointment comes as Fenwick CEO John Edgar leaves business after four and a half years, as part of “wider changes” to its senior management structure. The appointment of Blow, who joins the…
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30 JulyNews
Today’s news in brief-30/7/24
Andrew Keith, CEO of Selfridges, has announced his departure to pursue new ventures, marking the end of his tenure characterised by navigating challenges including the pandemic and ownership changes. André Maeder will succeed him as CEO of Selfridges Group in the UK, focusing on innovation and customer experience amid potential…
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30 JulyFeatures
How retailers can prepare for the golden quarter
This is a pivotal time for retailers. With just months to go until the “golden quarter” running up to Christmas, staff have their hands full showcasing products to buyers and influencers, while IT managers do their best to build resilience into back-end systems ahead of the seasonal surge in web…
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30 JulyDepartment Stores
Selfridges CEO to step down after four years at company
Andrew Keith has announced he is stepping down from his role as CEO of Selfridges in the UK in order to “pursue new ventures”. Selfridges Group CEO André Maeder, who joined the company in May, is set to take over his responsibilities in the UK after Keith leaves the company this…
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24 JulyHigh Street
NI retail staff and employers call for shop worker protection
Usdaw and employers’ organisation Northern Ireland Retail Consortium (NIRC) have jointly called for urgent action to protect retail workers from violence and abuse, amid a recent “epidemic” in retail crime. The call comes as recently recorded crime statistics from the Police Service of Northern Ireland (PSNI) show that shoplifting had more…
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23 JulyNews
Today’s news in brief-23/7/24
Tapi Carpets and Floors Limited has acquired the Carpetright brand and 54 stores following its collapse into administration. While over 300 jobs were saved, more than 1,500 employees face redundancy due to the challenging retail climate and recent cyber attack woes. Ikea plans to open 100 additional click-and-collect points at…
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23 JulyDIY
Tapi rescues Carpetright brand as 1,500 jobs lost
Rival brand Tapi has acquired the Carpetright brand and 54 of its stores out of administration but more than 1,500 jobs are set to be axed, it has been revealed. Whilst the deal has saved over 300 jobs, administrators from PwC said it was with “deep regret” that 1,018 employees were…
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19 JulyNews
Retail sales fall by 1.2% in June
UK retail sales volumes fell 1.2% in June 2024 as poor weather conditions for the time of year continued, according to the Office for National Statistics. New figures reveal that sales volumes fell across most sectors, with department stores and clothing retailers broadly returning to their Q1 (Jan to Mar)…
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16 JulyOnline & Digital
Ocado HY losses narrow to £154m
Ocado has revealed that its losses narrowed to £154m for the half year ended 2 June 2024, down from £290m in the same period last year. Overall, the company’s group revenue rose 12.6% to £1.5bn while its technology solutions arms saw an increase of 22%, its logistics arm saw a…
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