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- 2023 -5 SeptemberNews
UK retail sales soar by 4.1% in August
UK total retail sales has seen an increase of 4.1% in August, against a growth of 1.0% in August 2022, according to the BRC-KPMG retail sales monitor. This was above the three month average growth of 3.6% and in line with the 12-month average growth of 4.1%. Food sales also…
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1 SeptemberFeatures
Video game retailing has come a long way
During the pandemic, Game closed approximately 40 of its UK regional branches, while this year, it made the decision to close all of its 35 stores in Ireland to relocate concessions in Sports Direct outlets. However, the new CEO of Game, Nick Arran, vowed that the specialist games retailer will…
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Aug- 2023 -30 AugustClothing & Shoes
Superdry shares suspended amid results delay
Fashion retailer Superdry has had its shares temporarily suspended by the Financial Conduct Authority (FCA) after delaying the publishing of its full-year results. The company stated that its results were not ready and therefore requested that trading of its Ordinary Shares be suspended. Superdry expects that its shares will return…
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29 AugustHigh Street
Natura and Co considers Body Shop sale
Natura and Co is considering potentially selling The Body Shop as a result of its poor post-pandemic performance. The company confirmed in an SEC filing that it was exploring “strategic alternatives” for the business. JP Morgan analysts believe that a sale is the most likely outcome, with the business being…
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18 AugustLuxury Goods
Tapestry sales falter amid waning demand in North America
Tapestry, the parent company of Coach, Kate Spade and Stuart Weitzman has reported that net sales were down slightly from $6.68bn (£5.25bn) in 2022 to $6.66bn (£5.24bn) for the year ended 1 July. This comes as waning demand among North American consumers led to a 2% revenue decline for the…
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14 AugustHigh Street
Tourist tax hits London spending despite rise in visitors
Despite tourist numbers continuing to recover in 2023, the spending gap has widened compared to pre-pandemic levels, according to new research from the New West End Company. The company said the data shows a situation that is “worsening quarter-on-quarter”, as awareness spreads on Britain’s tourist tax. It found that flight…
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10 AugustAnalysis
Greggs’ recipe for success
By May 2023, Greggs’ sales had shot up by nearly a fifth compared with the same time in 2022, as its offering of sausage rolls and pasties remained “compelling” to customers during the cost-of-living crisis. In the spring of this year, the country-wide chain of bakeries also revealed that hot…
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10 AugustOnline & Digital
Bookshop.org hits £3m profit for indie bookshops
Bookshop.org, the self-described “ethical book-buying alternative to Amazon”, has revealed it has generated £3m in profit since its launch for the 570 independent bookshops using the platform. It has now set the goal to increase online sales for indies by five times in the next five years. The news comes…
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4 AugustClothing & Shoes
Pentland Brands to axe almost 100 roles
Pentland Brands has announced that it will cut almost 100 jobs at JD Sports, The Times has reported. This comes as the billionaire Rubin family, which owns a majority stake in the sports retailer, has hired consultants from McKinsey to advise on a new strategy for Pentland Brands, which also…
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3 AugustHigh Street
July footfall drops for the first time since 2009
Footfall across UK retail destinations declined by -0.3% over the month from June to July 2023, marking the first time it dropped in the month since 2009. According to the latest data from Springboard, there was a month on month decrease in footfall in high streets of -1.7%, whilst in…
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