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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Jul- 2020 -7 JulyClothing & Shoes
Allsaints creditors approve CVA
Allsaints has revealed it has received the greenlight from its creditors to go ahead with its planned CVA that will see most of its stores move to a turnover-based rent system. The proposals, which were voted on separately by creditors in the UK and in the US, received 93% and…
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7 JulyClothing & Shoes
JD Sport welcomes ‘record’ results
JD Sport has welcomed “record” annual figures as it reported a 30% increase in revenue for the full-year period ended 1 February 2020. The retailer recorded revenues of £6.1bn, up from £4.7bn the year prior. It also reported “strong” total like-for-like sales growth of 12% in its global sports fashion…
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6 JulyTips
How retailers can adapt in a post-Covid-19 economy
A post-Covid-19 world may seem like a distant reality for now. While there are advances in finding a cure or vaccine for the virus, there’s still no clarity on how close the world is from finally being free from the pandemic. However, a post-Covid-19 world may not be a complete…
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6 JulyHigh Street
Over 24,000 retail jobs lost in first half of 2020
Almost 24,348 jobs have been scrapped in the first six months of the year at large retailers which have fallen into administration, the Centre for Retail Research (CRR) has revealed. Retailers including Laura Ashley, Debenhams, Monsoon & Accessorize, Oasis & Warehouse, Cath Kidston, Quiz, Victoria’s Secret, Oakland Furniture, Go Outdoors,…
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6 JulySupermarkets
Tesco demands large supplier discounts as it preps for ‘price war’
Big Four Grocer Tesco has reportedly demanded discounts of up to 50% from suppliers as it prepares for a price war with Aldi and Lidl. According to the Sunday Times, Tesco has given suppliers up until Friday 10 June to accept the terms which will likely be funded by abandoning…
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6 JulyPeople Moves
Morrisons appoints Jeremy Townseand as non-exec director
Morrisons has announced the appointment of Jeremy Townsend as a non-executive director with immediate effect. Townsend will also be appointed to the audit, corporate compliance and responsibility, nomination and remuneration committees. He will be appointed as chair of the audit committee with effect from 10 September 2020. Townsend currently holds…
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3 JulyFeatures
Reducing returns abuse without sacrificing customer experience
For merchants, delivering a great customer experience has always been high on their list of priorities. It’s essential for fostering customer loyalty, and increasing top-line revenue. A significant aspect of customer experience is how a merchant handles returns, as this can mean increased flexibility and convenience for consumers. Recent Forter…
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3 JulyClothing & Shoes
Boohoo denies it ‘puts workers at risk’
Online clothing retailer Boohoo has defended its business practices against accusations that it was putting workers at factories in Leicester at risk of contracting coronavirus. The allegations made by worker’s rights group Labour Behind the Label come after the East Midlands city was placed under lockdown earlier this week. The…
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2 JulyHigh Street
Casual Dining Group falls into administration
The owner of Bella Italia and Café Rouge, Casual Dining Group, has fallen into administration. According to a report by the BBC, almost 1,900 of the group’s 6,000 strong workforce have been made redundant, with 91 sites closing their doors for good. The BBC said AlixPartners, the appointed administrators, will…
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2 JulyClothing & Shoes
Arcadia to cut 500 head office jobs
Arcadia has revealed it is set to cut around 500 head office roles due to the impact of the coronavirus pandemic. The group reportedly informed staff in an email on Wednesday around a fifth of its 2,500 head office staff would be affected by the restructuring. Reports suggest that the…
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