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 -1 SeptemberHigh Street
Moss Bros mulls possible CVA
Moss Bros is reportedly consdering a CVA after calling in advisers, following a ban on large weddings and events such as Royal Ascot which impacted sales during the Covid-19 pandemic. According to the Times, the retailer has called in KPMG to assist with restructuring, with reports that 125 stores are…
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Aug- 2020 -28 AugustHigh Street
Pret a Manger to cut 2,800 jobs
Pret a Manger has confirmed it is to cut 2,800 high street jobs as part of a restructuring following almost two months of consultations with team members. The high street chain said that although sales and footfall have started to show “clear signs of recovery”, Pret sales over the last…
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27 AugustCoronavirus
Majority of retail office workers feel unsafe returning to work after Covid-19
Only 28% of office workers in the retail, catering and leisure sector feel safe returning to work after the pandemic, despite new health and safety measures that have been put in place. This is according to new research from insurance provider Protectivity, which asked office workers around the UK how…
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26 AugustHigh Street
Retail jobs in sharpest fall since 2009
Retail employment fell at the fastest rate since February 2009 in the year to August, with an even sharper decline anticipated in the year to September, according to the CBI’s latest monthly Distributive Trades Survey. The survey – which featured 63 retailers among its 128 respondents – also showed a…
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25 AugustCoronavirus Featured Content
Preventing fraud in ecommerce: how retailers should respond
It’s been nearly five months since the prime minister announced a state of lockdown in the UK due to the coronavirus. In this time, the retail sector as we know it has changed dramatically. Without much warning, retailers have had to close brick and mortar stores from the start of…
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25 AugustCoronavirus Featured Content
The three waves for retailers
Retailers don’t have the luxury of focusing solely on the short-term impact of Covid-19. The familiar retail experience that we’ve come to known will evolve and many of the changes the industry is implementing to counter the effects of the pandemic will become permanent, resulting in a new normal. We’ve…
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24 AugustSupermarkets
Tesco creates 16,000 new permanent roles
Tesco has unveiled plans to create 16,000 new permanent roles to support the growth of its online business. These 16,000 jobs are in addition to the 4,000 permanent jobs already created since the start of the Covid-19 pandemic. The roles will include 10,000 pickers to assemble customer orders and 3,000…
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24 AugustEconomy
Record economic growth anticipated for Q3
The UK is reportedly on track for a record economic resurgence during the third quarter of the year, following sharp declines in GDP at the peak of the Covid-19 pandemic in Q2. According to the Financial Times (FT), City of London economists have predicted a 14.3% rise in GDP for…
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24 AugustHigh Street
Foot Locker sales jump 18% in Q2 results
Foot locker has reported a 17.1 % increase in total sales to $2bn (£1.5bn) for the second-quarter period ended 1 August 2020. Second quarter comparable-store sales also increased by 18.6% during the period. However, the company’s gross margin rate decreased to 25.9% from 30.1% when compared with the same time…
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24 AugustDepartment Stores
Debenhams owner calls in advisers for its own administration
The holding company of Debenhams, Celine Group Holdings, has appointed advisers to help prepare for its own administration. Celine confirmed that Philip James Watkins and Philip Lewis Armstrong of FRP Advisory have been appointed as administrators in respect of the company and its immediate parent company, Celine UK Newco 1…
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