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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Jan- 2021 -21 JanuaryOnline & Digital
Eve Sleep exceeds expectations in 2020
Eve Sleep has announced that full-year trading has exceeded expectations, with total revenue up by 6% to £25.5m, boosted by 18% growth in its second half of trading. It comes as the retailer said it has “exited 2020 in far better shape than it entered the year”, having developed a…
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21 JanuaryHigh Street
Pets at Home see sales soar to £302m
Pets at Home has reported total revenue growth of 18.% to £302m in the 12 weeks to 2 January. The pet retailer accredited the rise in sales to its ability to “adapt quickly” to the Covid environment – with like for like revenue growth up 17.5%. Pets at Home, which…
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21 JanuaryClothing & Shoes
Apricot switches to turnover rent after CVA
Apricot, the women’s fashion retailer, has changed the lease agreements for the majority of its UK portfolio to turnover-based rents, according to Drapers. The decision, which will impact 13 of the brand’s 14 UK stores, was reportedly given the green light on 15 January. The move came as a result…
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21 JanuaryClothing & Shoes
Pentland Brands appoints positive business director
Pentland Brands, the retail group which owns brands such as Lacoste, Boxfresh and Speedo, has appointed Sara Brennan as its first ever positive business director. Brennan will be responsible for accelerating the fashion retail group’s business strategy with an emphasis on its social and environmental impact. Since joining Pentland in…
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20 JanuaryAdvice
Building an online business by selling into overseas territories
Worldwide, eCommerce sales are growing year on year, and consumers switching to online shopping during Covid-19 has accelerated this growth. If you want to expand your reach, boost your sales and stay ahead of the competition, now’s the time to think about expanding into international markets. After all, the UK…
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20 JanuaryAnalysis
Retailers and the pressing question of their real estate portfolios
It is not an understatement to say that Covid-19 has vastly altered markets and the way businesses work within them, especially those in the retail sector. Arguably one of the greatest changes induced by Covid-19 is the rapid take-up of e-commerce in place of physical retail. “Online sales have accelerated…
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20 JanuaryElectrical
Dixons Carphone sees 121% online growth over Christmas
Dixons Carphone welcomed a 121% rise in its like-for-like online revenue during the peak Christmas season, attributed to a higher demand in e-commerce amid the pandemic. The company’s trading update for the 10 weeks ended 9 January 2021 revealed that Electricals like-for-like revenue increased by 11% for the period. The…
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20 JanuaryClothing & Shoes
Burberry hails strategic progress despite sales decline
Burberry has welcomed a period of “strong” strategic progress in its third quarter, despite sales sliding by 9% in the 13 weeks ended 26 December. The fashion house said that lower sales were attributed to planned reductions in markdown and reduced tourist traffic in outlets. In addition, Covid-19 related store…
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20 JanuaryHigh Street
Arcadia to close 31 stores, 700 jobs lost
Arcadia, Sir Phillip Green’s retail empire, is set to close another 31 stores after going into administration in November, which will reportedly result in the loss of 700 jobs. The latest round of closures, which was first reported by The Times, will include the closure of all 21 of the…
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19 JanuaryGovernment
Sunak looks to raise corporation tax in March budget
Chancellor Rishi Sunak is reportedly looking to raise corporation tax in the upcoming March budget to pay off the estimated £400bn borrowed by the UK throughout the pandemic. According to The Financial Times, the alleged move has sparked uproar among business owners who claim they are still struggling with the…
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