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- 2023 -6 JulyOnline & Digital
Nestware Holdings acquires UK Flooring Direct
Keswick Flooring, a subsidiary of Nestware Holdings, has announced the acquisition of UK Flooring Direct (UKFD) for an undisclosed sum. Teneo Financial Advisory acted as the lead advisor on the sale of UKFD to Keswick Flooring. Founded in 2005, UKFD is one of the UK’s leading online retailers of real…
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6 JulyElectrical
Currys axes dividend as full-year profits slump
Currys has scrapped its dividend after revealing both profits and sales fell in its full-year results, with the group hit by “depressed demand, high inflation and unforgiving competition”. In the full-year ended 29 April, adjusted profit before tax plunged 38% to £119m, down from £192m the prior year, in part…
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5 JulyHigh Street
Naked Wines appoints former founder as chair, delays FY results
Naked Wines has announced the appointment of founder and former CEO Rowan Gormley as its new chairman. The wine retailer also announced a delay to the release of its full-year results that were set to be released on 6 July but said it expects FY EBIT to come in at…
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5 JulyNews
Quiz revenues rise by 17% in FY23
Quiz, the omnichannel fashion brand, has reported a 17% revenue increase to £91.7m for the year ended in March 2023. Higher levels of full price sales resulted in gross margin increasing to 61.6%, which was above the level reached before the pandemic. There was also continued growth in international revenues…
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3 JulyLuxury Goods
The Vampire’s Wife served winding up petition by HMRC
The Vampire’s Wife has been issued with a winding up petition from HMRC on Friday (30 June), according to filings from The Gazette, due to debt built up during the pandemic. The company, which was founded by designer Susie Cave, has a hearing set to take place at the Royal…
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3 JulyComment
“The old storefront model is dead”: the future of retail are pop-up shops
Pop-ups as temporary stores have been around since before the pandemic, yet it seems to be an increasing trend. Is that so? Have you noticed an increase in demand? We’ve definitely seen an increase in demand across the board of space rentals. I think particularly being able to book something…
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Jun- 2023 -30 JuneAnalysis
Hotel Chocolat is in a bad way – but so are other chocolatiers
Over the course of Easter 2023, the UK was responsible for one in eight Easter-related chocolate launches, according to research from Mintel’s Global New Products Database (GNPD), while seasonal Easter chocolate products also saw a 19% rise over the past 12 months. Meanwhile, UK-based ‘free-from’ chocolate brand NOMO reported a…
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28 JuneNews
UK retail rewards programmes influence £74.9 billion in consumer spending
As the cost of living crisis continues to bite, a new report by shopping rewards experts Webloyalty and economists Cebr has revealed the pressures both retailers and consumers face in 2023. With retailers tackling weaker margins and cost pressures and price conscious shoppers shifting their shopping habits as saving money…
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22 JuneSupermarkets
Ocado shares jump amid rumours of Amazon interest
Ocado has seen its share jump price surge by almost 32% this morning (23 June) among rumours that online retail giant Amazon could be interested in a potential takeover, according to The Times. Ocado saw its share price jump from from 424p per share at close on Wednesday to 607p…
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16 JuneFeatures
Shein pop-ups are worrying for independent fashion retailers
Fast fashion giant, Shein, hit the headlines once again to announce the introduction of around 30 pop-up shops located in major cities across the UK, offering a variety of clothing items, accessories, and homewares that were traditionally sold via its popular online store. However, despite its widespread popularity among people…
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