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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May- 2023 -12 MaySport & Leisure
Peloton recalls over two million exercise bikes
Peloton is recalling more than two million of its exercise bikes Model PL01, following revelations that the seat post assembly can break during use and cause injuries, The Guardian has reported. This particular model was sold from January 2018 to May 2023 for roughly $1,400 (£1,120) by Peloton and Dick’s…
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12 MayEconomy
UK economy shrinks 0.3% in March
Monthly real gross domestic product (GDP) is estimated to have fallen by 0.3% in March 2023, after showing no growth in February 2023, according to the latest figures from the Office for National Statistics (ONS). Looking at the broader picture, the ONS said GDP grew by 0.1% in the three…
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11 MayNews
Roberts Radio appoints new CEO
British audio brand, Roberts Radio, has recently appointed Owen Watters as its CEO, returning to the business in a role he had previously held for six years. Watters joins Roberts from Hama UK, where he was managing director. Prior to that, he had already worked at Roberts for 14 years,…
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9 MayClothing & Shoes
Retail sales rise 5.1% in April
Total retail sales increased by 5.1% in April 2023, against a decline of 0.3% in the same month last year, according to the BRC-KPMG Retail Sales Monitor. This is in line with the three-month average growth of 5.1% and above the 12-month average growth of 3.0%. Like-for-like retail sales increased…
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5 MayClothing & Shoes
Moss Bros FY profits double amid post-pandemic events boom
Moss Bros has seen its EBITDA more than double in its latest full-year results, rocketing 112% to £36m, up from £17m the prior year. Sales soared by 63% to £151m in the period, up from £93.1m the prior year, as business was boosted by the return of weddings, black tie…
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3 MayOnline & Digital
Third of Ocado shareholders vote against CEO’s £2m pay packet
Around 30% of shareholders at Ocado have voted against a measure that would see CEO Tim Steiner receive a £2m pay packet. In its AGM held yesterday (2 May), 492,647,838, or 70% of votes were in favour of the remuneration package while 212,534,897 votes were against it. It comes as…
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Apr- 2023 -26 AprilFeatures
Experience and experiment: the changing nature of the flagship
“Our flagship has always been at the heart of Heal’s, and is symbolic of the significant role that bricks and mortar has played in our centuries-long heritage. From the flagship, our predecessors have worked not only through evolving design and retail trends, but through key moments in modern history, having…
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24 AprilHigh Street
Coronation weekend to boost footfall by 4%
The Coronation weekend is set to boost footfall by 4.0% compared to 2022 across all UK retail destinations, MRI Springboard has predicted. According to its analysis, high street retailers can expect a “significant” boost over the weekend, with footfall up 12.0% from 2022 on the bank holiday Monday following the…
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24 AprilFeatures
Is Labour’s five-point plan a starting point to revive high streets?
Can you tell me about yourself and your experience in the retail sector? I‘ve been working in retail for the past three years, having joined BRC the week before lockdown in March 2020. I work in our corporate affairs team, which has responsibility for running the BRC’s public affairs and…
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24 AprilComment
What can retailers learn from grocery stores?
The KPMG consumer pulse survey released recently says that 61% of people will have to reduce non-essential spending, do you agree? We’re finding that customers are definitely more selective about their purchases, obviously because of a lack of available spare funds, particularly when it comes to retail fashion, clothing and…
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