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- 2022 -20 SeptemberHigh Street
Kingfisher sees profits drop 30%
Kingfisher has seen its profits fall 30% during the first half of the year ending 31 July, after reporting pre-tax profits of £474m compared with £677m at the same stage last year. The firm also saw sales fall by 4.1% on a like-for-like basis to £6,809m, although the home improvements…
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16 SeptemberHigh Street
DFS profits fall as cost of living sees sales soften
DFS has revealed that its reported profit before tax has almost halved to £58.5m, down from £102.6m, as rising inflation negatively impacted its supply costs and dampened demand for its products. In its preliminary results for the 52 weeks ended 26 June 2022, it revealed that revenue from continuing operations…
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16 SeptemberEconomy
Retail sales fall 1.6% in August as cost of living begins to bite
Retail sales fell by 1.6% in August this year, due to rising prices and cost of living which are affecting sales volumes, according to the Office of National Statistics (ONS). All main sectors, food stores, non-food stores, non-store retailing and fuel, fell over the month; which happened in July 2021,…
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15 SeptemberEconomy
Wickes sees H1 profits fall 6.2% to £33.5m
Wickes has reported that its profits before tax declined by 6.2% for the first half of 2022, to £33.5m compared with £35.7m for the same period last year. The company saw revenue growth of 1.3% to £822.3m from the 22 weeks ended 2 July 2022, compared with £812.0m in H1…
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15 SeptemberHigh Street
Mothercare profits hit £12m in FY22
Mothercare has revealed that the group’s profit for the 52 weeks to 26 March 2022 reached £12.1m, compared to its loss of £21.5m in the previous financial year. The group has also reported that its international retail sales reached £385.3m, which is just under last year’s total of £358.6m. The…
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14 SeptemberHigh Street
Dunelm reveals FY profits surged 34.9% to £212m
Dunelm has revealed its profit before tax for the 53 weeks to 2 July 2022 has risen 34.9% to £212.8m from the same period in FY21. Total sales reached £1.5bn, up 18.4% YOY, while diluted earnings per share rose 32.9% to 83.6p. Among the highlights were a homewares market share…
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13 SeptemberEconomy
Unemployment falls to lowest level since 1974
Unemployment has fallen to its lowest level since 1974, currently sitting at 3.6% for the three months to July, according to the latest figures from the Office for National Statistics (ONS). The ONS also found that while unemployment fell there was also a decrease in the employment rate, while the…
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9 SeptemberComment
Socially conscious consumers can be targeted with better UX
Sustainability may have a new focus: the carbon footprint of digital retailers. In response to the pandemic, more and more brands turned to e-commerce, which now makes up one-fifth of all purchases. On paper, this shift appears positive: less physical footfall and fewer trips to the high street in cars.…
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6 SeptemberClothing & Shoes
St James Quarter adds Cos and Neom to offering
St James Quarter, the 1.7 million sq ft retail-led lifestyle district in Edinburgh, has announced it has signed deals to lease a collective 8,084 sq ft to fashion and wellness brands Cos and Neom. Cos has picked the lifestyle quarter as the location for its new Scotland store, which will…
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6 SeptemberShopping Centres
Bon Accord owners placed in administration
The Guernsey-based owners and operators of the Bon Accord shopping centre in Aberdeen, Aberdeen Retail 1 Limited and Aberdeen Retail 2 Limited, have reportedly been placed in administration. It is reported that the administration has been caused by “unsustainable” cash flow problems stemming from the on-going impact of the Covid-19…
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