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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Jun- 2022 -13 JuneOnline & Digital
Online retail growth drops 8.7% in May
Online retail sales growth declined -8.7% year-on-year in May 2022, despite being measured against a negative performance in May 2021 (-6%), as trading conditions continue to be “very tough”. According to the latest IMRG Capgemini Online Retail Index, which tracks online sales for 200 retailers, May’s results also represented a…
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9 JuneSupermarkets
Pepco Groups posts strong H1 as profits surge 28%
Pepco Group has hailed a strong first half of the year after its underlying profit before tax surged 28.5% to €144m (£123m). The performance comes after it also saw its revenues increase 18.9% to €2.37bn (£1.9bn) during the six month period ending 31 March. On a like-for-like basis sales also…
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9 JuneDIY
DFS welcomes double digit growth in Q3
DFS has welcomed double digit growth in its order volume in its third quarter of trading, compared to the FY19 pre-pandemic period. The volume growth in the period ending 27 March 2022 was achieved despite the group offsetting “significant” cost inflation through mitigation and retail price increases. The retailer noted…
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9 JuneElectrical
AO to close German business amid ‘deteriorating’ outlook
AO World plc (AO), the online electricals retailer, has decided to close its German business due to the “continuing deterioration” in the outlook for the German arm, as well as the board’s responsibilities to shareholders and other stakeholders. The business will continue to trade for a brief period to facilitate…
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9 JuneEconomy
Retail sales dip in May as consumers cut spending
Sales across retail decreased by 1.1% in May, against an increase of 28.4% in May 2021, as consumers continued to cut spending amid the cost of living crisis, according to the BRC. This is below the three-month average growth of 0.7% and the 12-month average growth of 4.1%. On a…
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8 JuneDepartment Stores
M&S boss to depart with £2.6m pay packet
Marks and Spencer’s outgoing boss Steve Rowe more than doubled his pay last year from £1.07m to £2.63m after receiving a £1.6m bonus. The bonus, his first since 2017, also comes as M&S rewarded its 4,500 store management and head office staff. Rowe stepped down from his role as chief…
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8 JuneClothing & Shoes
N Brown revenue hits £43.1m in FY22
N Brown has welcomed a resilient year of trading in FY22, with a sustained growth in customer numbers as pre-tax profit hit £43.1m against £29.4m the prior year. Despite revenue dipping slightly to £715.7m, down from the £728.8m reported in FY21, EBITDA was also higher, rising from £84.9m to £95m.…
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7 JunePeople Moves
Sportsshoes.com appoints former In The Style chief as CTO
Online running shoes, running clothing and outdoor gear retailer SportsShoes.com has hired a former chief technology officer (CTO) of online fashion retailer In The Style. Jon Cleaver has joined the £92m turnover business as CTO to continually enhance SportsShoes.com’s online customer and athlete experience. He has also previously held CTO…
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7 JuneHigh Street
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 Springboard, however it warned the results still “belie the underlying cost pressures that are starting to reveal themselves”. It found footfall declined by -16.4% in high streets, -17.8% in shopping…
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7 JuneHigh Street
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 of living and the “artificially” dampened demand last year due to travel and hospitality restrictions amid the pandemic. According to data from Barclaycard, spending on essential items rose 4.8%, and…
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