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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Nov- 2023 -6 NovemberAnalysis
Can Asos turn around its spiral into widening losses?
If Asos’ estimations are correct, the online fashion retailer will be facing its second year of falling sales as big as 5% to 15% in FY24. Business has looked bleak for the retailer, and as of 3 September, its loss-before-tax widened to £296.7m, UP from a loss of £31.9m in…
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3 NovemberNews
PrettyLittleThing founder posts interest in Topshop deal
PrettyLittleThing founder Umar Kamani has expressed his interest in buying TopShop from Asos. Commenting on X (FKA Twitter) on a report regarding the possible sale from Asos, Kamani wrote: “I would buy this and bring it back like the good old days.. rockin and rollin.” Kamani is a member of…
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1 NovemberNews
Today’s news in brief-1/11/23
Asda has successfully finalised its acquisition of EG Group’s UK business, a deal valued at a substantial £2bn. This strategic move allows Asda to take ownership of EG Group’s UK&I operations, which encompass fuel, foodservice, grocery, and merchandise businesses. Notably, EG Group has clarified that it will retain operations in…
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Oct- 2023 -27 OctoberSupermarkets
Tesco names Matthew Barnes as new UK CEO
Tesco has announced the appointment of Matthew Barnes as its new UK CEO effective from March 2024, following news that current CEO Jason Tarry will be stepping down after 33 years at the retailer. Barnes is a highly accomplished retailer, having worked in many senior positions in Aldi. He was…
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23 OctoberFeatures
How the FatFace deal lines up with Next’s aggressive acquisition strategy
This year has been a year full of big mergers and acquisitions and October has continued in that vein. The latest of these acquisitions has come in the form of Next’s £115m takeover of lifestyle brand FatFace. This deal is the latest in a long line of acquisitions by Next…
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20 OctoberNews
Today’s news in brief-20/10/23
The Office for National Statistics (ONS) revealed a 0.9% decline in retail sales for September, following a 0.4% rise in August 2023. Over the quarter, sales volumes dropped by 0.8% compared to the previous three months. Non-food store sales were particularly affected, with a 1.9% decrease in September, attributed to…
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20 OctoberNews
Retail sales drop in September as demand for household goods wanes
Retail sales have fallen by 0.9% in September, following a rise of 0.4% in August 2023, according to the new figures from the ONS. Looking at the quarterly picture, sales volumes fell by 0.8% in the three months to September 2023 when compared with the previous three months. Non-food stores…
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17 OctoberClothing & Shoes
Fred Perry reports record year as profits surge
British heritage brand Fred Perry has reported a “record year” as its profit before tax increased by 34% to £15.6m for the 12 months to 31 December 2022. Its revenues also increased by 20.8% year on year to £135.7m. Fred Perry said that 2022 saw a more stable year after…
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13 OctoberAnalysis
Major retailers are hiring for Xmas – but is that right for you?
As the festive season approaches, shoppers in the UK are gearing up for Christmas spending, while retailers are preparing themselves to get rushed by mad crowds. A number of high-profile retailers – including Tesco, Sainsbury, Majestic Wines and Aldi – have already announced that they are looking to hire many…
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12 OctoberHigh Street
Hotel Chocolat revenues fall 10% in FY23
Hotel Chocolat has reported that revenue fell by 10% to £204.5m in the year ended 2 July, due to lower sales online and internationally. UK revenues also dropped by 8% year-on-year, which the group maintains is in line with market expectations. That said, the group did experience an 8% year-on-year…
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