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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Dec- 2022 -12 DecemberHigh Street
Monsoon sales rise 43% in FY22
Monsoon saw its sales rise 43% to £258m and a strong gross margin performance of 5.3% that helped double the group’s EBITDA to £24.4m, a rise of 132%, for the financial year ended 31 August 2022. The fashion retailer’s results come as its like-for-like sales grew 105%, thanks in part…
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8 DecemberHigh Street
The Body Shop global retail director steps down
The Body Shop global retail director Linda Campbell has stepped down from the health and beauty retailer, according to Retail Week. She is understood to have left the ethical beauty specialist at the end of November, despite taking up the position at the start of the year. Campbell joined The…
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7 DecemberClothing & Shoes
Quiz returns to profitability in H1 as demand rises
Quiz has welcomed a “significant” increase in profitability in its half-year results, as profit before tax hit £1.8m, up from a loss of £1.3m the prior year, after the group witnessed stronger consumer demand for the brand. The group, which also benefited from softer prior year comparatives as a result…
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6 DecemberHigh Street
Footfall rises 5.4% amid ‘cause for optimism’
Footfall rose by +5.4% across all UK retail destinations last week from the week before, with increases across all three key destination types (+6.9% in high streets, +4.8% in shopping centres and +3% in retail parks), according to Springboard. Springboard said this offers a “cause for some optimism” for retailers…
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2 DecemberAnalysis
A ‘fall from grace’: what went wrong with Made.com
Made.com was once a force to be reckoned with in the retail landscape. Having launched 12 years ago, the group had since enjoyed a rise to dizzying new heights. The company used sleek marketing to tap into its millennial customer base, and became one of the most popular destinations for…
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Nov- 2022 -30 NovemberDIY
Topps tiles announces second consecutive year of record revenue
Topps tiles has announced a second consecutive year of record revenues, as its gross revenues increased 8% to £247.2m. For the full-year period ended 1 October 2022, it confirmed that gross profit was up nearly 4% to £135.4m compared with £130.7m for 2021. Adjusted profit before tax was also up…
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29 NovemberAnalysis
Primark’s relationship with online shopping
As a company that has hand-waved away online shopping as unnecessary to its business model, Primark has finally relented in a small way with its recent launch of ‘Click and Collect’ for just 25 locations. Primark notoriously operates on the cheapest end of the clothing market and so has previously…
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29 NovemberHigh Street
Black Friday boosts footfall +9.3% YOY
Footfall was up +9.3% compared with 2021 across all UK retail destinations on Black Friday, according to the latest figures from Springboard. Shopping centres were the clear winner on Black Friday with a rise in footfall of +16.8%, followed by high streets (+11.3%) and then retail parks (+7.1%). However, despite…
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28 NovemberOnline & Digital
Amazon tax bill to rise by £29m next year
Amazon’s business rates are reportedly set to rise by around £28.75m next year, as next year’s business rates are set to heavily impact online retailers, according to new analysis from real estate advisor Altus Group. It warned that the online giant may be faced with paying £100m in extra tax…
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24 NovemberDepartment Stores
Mothercare appoints new CEO as profit and sales stall
Babywear retailer Mothercare has announced the appointment of Daniel Le Vesconte as group CEO as it revealed a period of tough trading for the half year up to September 2022. Le Vesconte will start his new role in the new year and brings with him a wealth of experience. He…
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