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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Feb- 2021 -16 FebruaryOnline & Digital
Virgin Wines set to float £100m for next month
Virgin Wines has announced plans to float on the London Stock Exchange for around £100m. The online wine retailer is known for its “award-winning and largely exclusive premium wines” through its premium subscription based service for customers. The company was founded in 2000 as part of the Virgin Group owned…
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16 FebruaryHigh Street
Almost half of consumers shift to online shopping due to covid-19
Almost half of consumers (46%) in 2020 made an online purchase that would have previously been made in-store amid the Covid-19 pandemic. According to a new report by Retail Economics and Natwest, online sales in the retail sector saw five years of growth in just 12 months in 2020 as…
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16 FebruaryDIY
Dunelm deputy chair raises £192m from share sale
Dunelm has announced that Will Adderley, deputy chairman at the home furnishings retailer, has sold 15 million shares in the company, totalling £192m. Placed at 1,280 pence per share, the £192m sale represents 7.4% of the issued share capital of the firm. Adderley now directly holds 17.8% of Dunelm’s shares,…
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16 FebruarySupermarkets
UK frozen food sales rise by £872m
The pandemic has resulted in a massive sales boost for frozen foods of over £870m, according to a recent report by the British Frozen Food Federation (BFFF). Retail frozen food sales in the UK have increased by £872m, and the value of frozen food sold in the UK stores is…
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15 FebruaryOnline & Digital
Year-on-year online gift cards and e-vouchers increase by 117%
Year-on-year sales of online gift cards and e-vouchers have increased by 117% during the second half of 2020 as Covid restrictions affected consumer trading. According to the latest analysis by the Gift Card & Voucher Association (GCVA) and KPMG UK, there was strong growth in the online channel for both…
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15 FebruaryAdvice
How to put customers at the centre with Google Shopping automation
It is impossible to discuss retail without assessing the impact of Covid-19. The pandemic has sparked profound change across society, with lockdown measures rapidly changing consumer behaviour and forcing retailers to adapt in order to survive. Much of this change stems from the acceleration towards ecommerce. Data from the ONS…
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15 FebruaryOnline & Digital
Made.com explores £500m stock floatation
Made.com is exploring options for a potential stock market floatation worth £500m, according to Sky News. The online retailer is reportedly in talks with banks about advising on strategic options, which will include an initial public offering to take place in the coming months. Backed by Brent Hoberman, co-founder of…
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15 FebruaryClothing & Shoes
Bravissimo secures multi-million pound investment
Bravissimo, a lingerie retailer, has secured a multi-million pound funding package from NatWest to upscale its online presence. Currently an operator of 23 stores across the UK, Bravissimo has used the capital to invest in its warehouse operations and customer service teams to match the rise in ecommerce demand. Leanne…
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15 FebruaryClothing & Shoes
Burberry to repay £6m in business rates relief
Burberry has voluntarily agreed to repay around £6m in business support to the Treasury, following the business rates holiday designed to help businesses navigate through the impact of the pandemic. According to the Sunday Times, the retailer has also repaid a £300m loan from the Bank of England, in a…
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15 FebruarySupermarkets
Asda to donate £2m to help fund apprenticeships
Asda has announced that in celebration of National Apprenticeship Week, it will donate £2m to small businesses to help fund around 400 apprenticeships in local communities across the country. The grocer has “opted” to transfer a portion of its annual funds to pay for apprentices to train in small businesses,…
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