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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Aug- 2020 -5 AugustHigh Street
WH Smith to axe 1,500 roles
WH Smith has launched a collective consultation that could see around 1,500 roles across the business axed in a bid to restructure the business. It comes as the group said it expects to deliver a full-year loss of between £70m and £75m following impacted sales. The retailer said that the…
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5 AugustCoronavirus
River Island considering CVA as Covid-19 hits sales
Fashion retailer River Island is reportedly considering a CVA proposal as it attempts to weather the coronavirus pandemic. According to Retail Week, River Island is considering launching a CVA proposal or another form of administration in order to reduce rents or close some of its stores that have seen lower…
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5 AugustPeople Moves
Adidas extends CEO contract by five years
Adidas has announced it has extended the contract of its CEO Kasper Rorsted by a further five years. Rorsted has been a member of the Adidas executive board since August 2016 and became the brands chief executive two months later. His contract was initially due to expire in July 2021,…
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5 AugustOnline & Digital
CMA clears Amazon’s Deliveroo investment
The Competition and Markets Authority (CMA) has approved Amazon’s 16% investment in Deliveroo, after finding that it will not “substantially lessen competition”. Under the deal, Amazon will acquire 16% of Deliveroo as the lead investor in a $575m (£438m) funding, which was first announced last year. At that point the…
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Jul- 2020 -31 JulyTips
What to know about business interruption insurance claim
With the current healthcare pandemic affecting all retail businesses across the UK, it’s clear that times like these are especially challenging for those looking to bounce back. As footfall rates continue to drop and hit all-time-lows, most businesses are now amid a critical period outlined with more challenges. Despite the…
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31 JulyHigh Street
TUI to shutter 166 stores
TUI is set to close 166 high street stores in the UK and Ireland as it “adapts to changes in customer behaviour” caused by the Covid-19 pandemic. The group said the impacted stores were selected based on a number of factors, including local market data, consumer trends and predictions on…
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31 JulyHigh Street
Pets at Home sales stabilise in quarterly results
Pets at Home has announced that total group revenue fell by 1% in the quarter ended 16 July, while like-for-like revenue was down by 0.7% in the period. Amid the onset of the pandemic, the first eight weeks of the period saw like-for-like revenue tumble 13.5%, though this was later…
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30 JulySupermarkets
Aldi to create 1,200 new jobs by end of the year
Aldi is set to hire 1,200 new employees by the end of the year as it pushes ahead with plans to open an average of one new store a week between now and Christmas. The supermarket, which currently has more than 890 stores and employs around 35,000 people across the…
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30 JulyHigh Street
Waterstones set to axe HQ roles
Waterstones is reportedly set to make a number of redundancies at its Piccadilly-based head office. According to the Bookseller, the group said it was “currently in consultation” with those affected by the cuts, but declined to confirm the number of jobs at risk. In addition, a spokesperson confirmed the group…
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29 JulyDIY
Travis Perkins reports 20% HY sales decline
DIY retailer Travis Perkins has revealed that like-for-like half-year sales declined by 20% across the group due to the impact of the coronavirus pandemic. Overall, Travis Perkins reported group revenue for the first six months of 2020 was £2.78bn, down from £3.48bn in 2019, attributed to the “significant impact” of…
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