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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Sep- 2020 -29 SeptemberEconomy
ScS posts full year loss despite post-lockdown boost
ScS has revealed it made a statutory loss of £3.1m before tax in the preliminary results for the year ending 25 July 2020. The home furnishings specialist also reported a 19.5% decrease in revenue to £255.5m. However, it said it remained “confident” and that the company had achieved a “resilient…
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29 SeptemberAdvice
How to retain customers gained during the pandemic
Big life events like marriage, divorce, becoming parents, and the current once in a century pandemic, all have a huge impact on our shopping behaviour. This, in turn, creates an opportunity for retailers to establish new, profitable customer relationships. It’s no surprise that those with a strong ecommerce offering have…
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28 SeptemberHigh Street
Arcadia Group to put Burton HQ on the market
Sir Philip Green has reportedly put Burton’s former London headquarters on the market, according to The Sunday Times. The owner of Arcadia Group has drafted in agents from BNP Paribas to bring the Tottenham Court Road site to market for an asking price of £80m. The move follows rising pressure…
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28 SeptemberEconomy
£3bn tariff ahead for UK retailers and consumers, warns BRC
Supermarkets and their customers could face £3bn a year of tariffs on food and drink if a free trade deal is not agreed between the UK and the EU before 1st January 2020, The BRC has warned In its report the association said an average increase in tariffs of 20%…
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25 SeptemberClothing & Shoes
Hong Kong’s Lion Rock joins race for Clarks
A Hong Kong-based private equity firm, which backs a number of companies such as Taxi hailing app Hailo and Serie A football giant Internazionale, has reportedly entered the race to acquire Clarks. According to Sky News, Lion Rock is one of the remaining two potential bidders vying for a majority…
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23 SeptemberSupermarkets
Waitrose to remove shrinkwrap plastic from all tinned goods
Waitrose has begun the total removal of shrinkwrap plastic from its own-label tinned grocery products in a bid to axe single-use plastic in its stores. The supermarket trialled the removal of shrinkwrap plastic, used to attach tinned multibuys, last year. Waitrose said that removing this non-recyclable plastic from some of…
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23 SeptemberClothing & Shoes
Nike online sales surge in Q1
Nike has announced a significant increase in digital sales in its first quarter fiscal report for this financial year. The sportswear retailer saw digital sales rise by 81% in the three-month period ended 31 August, offsetting falling revenue in its stores due to the pandemic. Despite Nike not releasing a…
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22 SeptemberDIY
Kingfisher sales boosted by DIY boom
Kingfisher has welcomed a “resilient” performance in the first-half of the year, with sales down by 1.1% to £5.9bn. The group said this reflected the adverse impact of Covid-19 in Q1, which was later partially offset by “strong recovery” in the second quarter. Pre-tax profit was up 23.1% to £415m,…
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21 SeptemberSponsored Articles
Is COVID-19 making retailers adopt packaging automation faster?
If you’re an online retailer you are likely to have witnessed a peak in sales during the lockdown as more consumers switch to e-commerce. According to the latest Online Retail Index from IMRG and Capgemini, the overall retail sales in June surged an impressive 33.9% year-on-year. Sounds great, but the…
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21 SeptemberCoronavirus
Government launches £95m recovery fund for high street
A new £95m government-funded scheme will support 68 “historic” high streets in England to recover from “declining footfall” and the impact of the pandemic. The initiative, High Streets Heritage Action Zone (HSHAZ), will work with local authorities to convert disused buildings into new shops, workplaces and community spaces. HSHAZ will…
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