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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Mar- 2023 -22 MarchClothing & Shoes
Scotch & Soda files for bankruptcy for Dutch operations
Scotch and Soda has filed for bankruptcy for its Dutch operations after a structural cash flow deficit led to a “failure to absorb the negative effects of corona and high inflation”, despite record revenues last year. In a statement published on its Linkedin page, the clothing brand said the courts…
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21 MarchDIY
Kingfisher FY22 performance suffers amid strong FY21 comparables
Kingfisher has revealed its post tax profits fell 44% to £471m for the full-year period ended 31 January 2023. The company posted sales of £1.30bn, down 0.9% from the £1.32bn it posted the previous year. It also posted gross profits of £4.8bn down 2.8% from £4.9bn last year and operating…
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20 MarchAnalysis
Private equity is changing supermarkets
After being dethroned as one of the Big Four supermarkets by Aldi in late 2022, Morrison’s most recent blow came in the shape of £1.5bn worth of losses one year after being acquired by Clayton, Dubilier and Rice (CD&R) in October 2021 for £7bn with a debt-led takeover. Morrisons, which…
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20 MarchHigh Street
Home Bargains owner pockets £20m dividend despite falling profits
The billionaire owner of Home Bargains received more than £20m in dividends last year despite the company’s profits falling 26%, according to This Is Money. TJ Morris, the company that owns Home Bargains, posted profits of £290m for 2022 from revenues of £3.42bn. This led the company to pay out…
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16 MarchFeatures
Bazaarvoice takes an ‘and’ strategy to UCG in e-retail
Can you tell us a little bit about your career and your role as CMO for Bazaarvoice? Before joining Bazaarvoice, I was a marketing leader at different tech companies including IBM, SAP, and Rackspace Technology, as well as private equity portfolio firm Syniti. And previous to that, I actually worked…
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16 MarchDepartment Stores
John Lewis axes bonus as losses surge to £234m
John Lewis has seen losses plummet to £234m in its full-year results, down from a loss of £27m the prior year, with the group axing its staff bonus for a second time and warning of future job losses. It comes as the impact of inflation was “felt across the business”,…
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14 MarchClothing & Shoes
Fred Perry revenues up 10.4% in FY21
British sportswear brand Fred Perry has revealed that its revenues rose by 10.4% to £112.m in its full-year results, while pre-tax profit totalled £11.7m, increasing from the £7m reported the prior year, despite the effects imposed by the pandemic. The retailer, which is mainly known for its polo shirts, has…
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10 MarchEconomy
UK GDP grows by 0.3% in January
Monthly gross domestic product (GDP) is estimated to have increased by a narrow 0.3% in January, with a faster recovery than expected, according to the latest figures released by ONS on Friday. The news comes after economists predicted the UK could go into recession, considering that in the three months…
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10 MarchClothing & Shoes
Mango welcomes record turnover of €2.7bn in FY22
Mango has welcomed record sales in 2022, with turnover reaching €2.7bn (£2.4bn), the highest in the company’s history and 20.3% higher than the prior year. This was also 13.2% higher than 2019, when the company last achieved a record turnover. As well as a major growth in sales the group…
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7 MarchFeatures
History of Subway: how a small sandwich shop became worth $10bn
Subway is a well known sandwich shop that sells subs. It’s a staple of most British high streets and at one point was the most ubiquitous fast food store in the world with even more sites than McDonalds. However, in recent weeks reports have emerged that the owners Doctor’s Associates…
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