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.
-
Oct- 2020 -23 OctoberCoronavirus
Liverpool leaders call on public to support local retailers
Liverpool’s business leaders have called on everyone across the region to “unite and support local”, in a bid to help businesses survive the latest set of Tier 3 restrictions. Led by Liverpool ONE, Liverpool BID, Visit Liverpool and Marketing Liverpool, the ‘Help Campaign’ is urging businesses and local people to…
Read More » -
23 OctoberEconomy
UK retail sales grow for fifth month in a row
Retail sales in the UK have risen for the fifth consecutive month, despite the introduction of the tiered lockdown system, according to the latest figures released by the ONS. Last month, overall growth in sales volume was up 5.5% compared with February’s pre-pandemic levels. In the three months to the…
Read More » -
22 OctoberNews
Travis Perkins like-for-like group sales decline 3.4%
Travis Perkins has reported its total like-for-like group sales declined 3.4% in Q3 compared with the same period last year, according to the company’s latest financial statement. The trading company said the fall in sales was a reflection of the branch closures in June as a result of Covid-19. The…
Read More » -
22 OctoberClothing & Shoes
TM Lewin owner eyes Jaeger bid
The owner of menswear retailer TM Lewin is reportedly considering a bid for Phillip Day’s embattled retail brand Jaeger. According to Sky News, Torque Brands, the investment vehicle formed by businessman James Cox, is one of a small number of businesses which have expressed interest in acquiring the brand. Jaeger…
Read More » -
21 OctoberCoronavirus
Retailers pay £1.1bn to accept customer payments
The cost to retailers of accepting payments reached £1.1bn in 2019, of which £950m was from card payments. It comes as the BRC launched its latest Payment Survey, that reveals card use has continued to rise steadily, from 54% of transactions in 2016 to 61% in 2019. This trend has…
Read More » -
21 OctoberEntertainment
Geek Retreat plans on opening 100 more stores
Games and fantasy company Geek Retreat has confirmed its plans to open another 100 stores over the next two years according to the BBC. The new 100 store plan is predicted to create around 600 new jobs. The retailer said it plans on opening sites in Bournemouth, Northampton and Liverpool…
Read More » -
21 OctoberOnline & Digital
BRC launches toolkit to combat retail cyber attacks
The British Retail Consortium (BRC) has developed a new toolkit which supports business leaders in taking steps to reduce the threat of a cyber attack in the retail sector. Experts from the National Cyber Security Centre (NCSC) have assisted in the production of the BRC’s toolkit. The ‘Cyber Resilience Toolkit…
Read More » -
19 OctoberProperty
Landsec to dispose of retail parks
Landsec has unveiled its plans to dispose of its retail parks where there is “little or no competitive advantage”, in a newly-announced restructuring of the group’s portfolio. It comes as the property group said that whilst the retail sector is “facing clear structural challenges as a result of the emergence…
Read More » -
19 OctoberHigh Street
11,000 shops closures since lockdown, double rate of last year
Shop closures in the UK have hit record levels with over twice as many net closures in the first half of 2020 compared to last year, according to research carried out by the Local Data Company and PwC. Some 11,120 chain operator outlets have closed this year so far, with…
Read More » -
16 OctoberClothing & Shoes
Superdry CFO steps down
Superdry has announced CFO Nick Gresham will step down from the company with immediate effect. The fashion retailer said a search for a permanent replacement is due to start whilst an interim will be allocated in his place. The brand recently announced an overall 210% decline in profit before tax…
Read More »
