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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Aug- 2022 -23 AugustComment
Retail Crisis: Why mountains of excess inventory and overselling is set to kill off many promising businesses
Remember the early days of the pandemic? The never-before-seen surge in online shopping meant retailers were overwhelmed with demand. Locked down consumers, desperate for a distraction, scrambled for everything from at-home fitness equipment and games consoles to gazebos and scatter cushions – and warehouses were cleared of stock, as supply…
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23 AugustAnalysis
Do staff cuts really help in a recession?
The European fashion retailer, Zalando, has predicted a return to growth of up to 3% in H2 despite a 58% profit drop during Q2, which reportedly brought the company’s operating profit down to £64.7m from £153.3m in the same period last year. In light of these results, and in spite…
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23 AugustPeople Moves
Adidas CEO Kasper Rorsted to step down in 2023
Adidas AG has announced that it has initiated a CEO transition as its current chief executive, Kasper Rorsted, will step down and hand over the position in 2023 in order to “pave the way for a restart”. The search for a succession has started, and Rorsted will remain CEO until…
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22 AugustSupply Chain
Felixstowe Port strike could lead to £700m hit to trade
The upcoming eight day strike at Felixstowe Port could disrupt trade worth up to £700m, experts have warned. According to The Times, experts have said that the strike – which includes 1,900 dockworkers, could disrupt supplies to the nation’s supermarkets and exports from firms from now until Christmas. The outlet…
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19 AugustEconomy
Retail sales improve slightly in July
Retail sales volumes rose by 0.3% in July 2022 following a fall of 0.2% in June 2022, according to the latest data from the Office for national Statistics (ONS). Sales volumes were 2.3% above their pre-coronavirus (COVID-19) February 2020 levels, but down over the past year. Looking more broadly, in…
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18 AugustOnline & Digital
AO swings to £37m loss in FY amid rising costs
AO has fallen to a pre-tax loss of £37m in the full-year ended 31 March 2022, down from a profit of £20m the prior year, as the electrical retailer contended with rising costs and warned of “more volatility” to come. Group EBITDA plummeted 87% to £8.5m over the period, attributed…
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17 AugustFeatures
The business pledges of the Conservative leadership finalists
Business Rates On 9 August, the Retail Jobs Alliance, a coalition of retailers including Morrisons, Greggs and Tesco, called on both Sunak and Truss to pledge to cut business rates which are charged on most non-domestic properties, such as shops, offices, pubs, warehouses, factories, and holiday rental homes or guest…
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17 AugustAdvice
Mobile marketing trends and opportunities for UK retailers in 2022
Smartphones are often the first thing people check in the morning and the last thing they touch at night. In the UK, it’s estimated that people spend an average of four hours every day clicking, tapping, swiping, and watching on their mobile devices – that’s at least a quarter of…
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17 AugustHigh Street
Boohoo makes strategic investment into Revolution Beauty
Boohoo has announced that it has recently made a strategic investment into Revolution Beauty Group plc amounting to a direct interest of 7.1% of Revolution Beauty’s issued share capital. The investment builds upon the existing relationship between Boohoo and Revolution Beauty, under which Revolution Beauty products are sold through several…
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17 AugustNews
Asos COO and CFO Mat Dunn to step down
Asos has revealed that its chief operating officer (COO) and chief financial officer (CFO), Mat Dunn, will step down from his roles as the company restructures its executive team. Having agreed a phased plan, Dunn will continue in his role and as a member of the board until at least…
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