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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Nov- 2020 -25 NovemberNews
Gap appoints new chief growth officer
Gap Inc. has announced that Asheesh Saksena will join the senior leadership team as chief growth officer, a position he will assume in January 2021. The newly created position will reportedly focus on executing the company’s strategic agenda and growth initiatives for the future. Saksena most recently served as president…
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25 NovemberNews
Patisserie Valerie partners with Sainsbury’s
Patisserie Valerie has partnered with Sainsbury’s in a deal that will see 250 stores stock its goods ahead of the Christmas period. According to The Telegraph, the baked goods will be sold in its supermarkets from 2 December. The deal is a first for the brand, which became entangled in…
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24 NovemberClothing & Shoes
Abercrombie & Fitch to close seven flagship stores
Abercrombie and Fitch has announced it is planning to close its flagship stores in London and six further cities in a bid to restructure the business. The move forms part of its “ongoing global store network optimization initiative”, as well as its reported goal of repositioning from larger format, tourist-dependent…
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24 NovemberNews
Burberry appoints non-executive director
Burberry has announced that Antoine Bernard de Saint-Affrique has been appointed to the board as a non-executive director and member of its audit and nomination committees. His roles will come into effect from 1 January 2021. Bernard de Saint-Affrique is currently CEO of the Barry Callebaut Group, a manufacturer of…
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24 NovemberHigh Street
Pets at Home ‘optimistic’ as sales rise in H1
Pets at Home has announced that group revenue grew by 5.1% to £574.4m in the half-year ended 8 October 2020, noting that the underlying pet care market remains “in good health” despite the pandemic. While the group saw pre-tax profit fall by 5.1% to £39.6m in the period, down from…
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23 NovemberCoronavirus
PM outlines Covid Winter Plan
Boris Johnson has unveiled his ‘Covid Winter Plan’ in the House of Commons this afternoon, whilst outlining England’s return to a three tier system. He confirmed that national restrictions in England will end on 2 December and will “not be renewed”. This will mean that non-essential retail, gyms and the…
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23 NovemberLuxury Goods
Cake Box reports sustained recovery in H1
Cake Box said it has made “sustained recovery” since the peak of the Covid-19 pandemic when its stores were closed for six weeks. During the six months to 30 September, EBITDA slightly edged up 0.5% to £1.98m, although pre-tax profit fell by 4% to £1.66m. The specialist cake retailer’s online…
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23 NovemberHigh Street
Third of consumers to shop this Black Friday
More than a third of UK shoppers are planning to participate in this year’s Black Friday, with 36% stating they will make a purchase during the annual event, according to new research by KPMG. Its latest study polled 2,000 consumers about their spending intentions for Black Friday, and found that…
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20 NovemberClothing & Shoes
Jaeger and Peacocks fall into administration, 4,700 jobs at risk
Jaeger and Peacocks have fallen into administration, placing 4,700 jobs at risk. It comes as owner EWM Group failed to secure a buyer for the brands before a set deadline, despite “constructive discussions” with buyers in recent weeks. Tony Wright and Alastair Massey, partners at FRP Advisory, have been appointed…
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19 NovemberNews
Black Friday online sales set to rise 50%
Black Friday online sales are set to increase by around £2bn this year, with total online sales predicted to rise by 52.9% from £3.8bn to £5.8bn. Nonetheless, overall consumer spending figures are predicted to be down 12.4% against last year due to ongoing lockdown measures prohibiting high street trade. A…
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