Pandemic

May footfall boosted by bank holiday weekends, but cost pressures starting to show

Footfall strengthened in May to -13.7% below 2019, up from -15.9% in April 2022, according to the latest figures from…

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May consumer spending rises 9.3%, Barclaycard reveals

Consumer card spending grew 9.3% in May compared to the same period in 2021, inflated both by the rising cost…

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New Look CEO Nigel Oddy steps down

New Look has announced that its chief executive officer (CEO), Nigel Oddy, has decided to step down from his role…

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Less hands make light work: easing impact financial stress on UK retailers

Almost every person in the UK has been affected by the various economic issues currently plaguing post-pandemic pockets. While discretionary…

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Dr Martens profits surge to £214m amid record sales

Dr Martens has hailed a set of “record results” for the full-year period ending 30 March 2022 with its adjusted…

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Violence and abuse against retail workers tripled over pandemic

Retail workers were subjected to a “huge” rise in violence and abuse over the pandemic, with incidents almost tripling to…

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B&M appoints CEO successor as FY revenues dip

B&M has revealed that sales dipped in its latest full-year results, alongside the announcement of a new CEO, as revenue…

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AI-powered self-service is the future of physical retail

At the start of the Covid-19 pandemic, retail was among the most impacted industries: over 17,500 chain stores closed in…

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Harrods appoints chief financial officer

Harrods has appointed Tim Parker as its new chief financial officer for the group. He joins Harrods following 10 years…

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Kingfisher sales drop despite supply pressures easing

Kingfisher has announced its like-for-like sales dropped 5.4% to £3.2bn in the three months ended 30 April 2022 (Q1), although…

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