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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May- 2022 -16 MayHigh Street
Walgreens snaps up £4bn dividend from UK arm
Walgreens Boots Alliance has reportedly extracted more than $5.3bn (£4.3bn) of dividends from its UK holding companies. According to The Sunday Times, the Boots owner snapped up the dividends despite taking “hundreds of millions” of pounds of government support during the pandemic. Boots’ UK-based parent company, Superior Holdings, paid out…
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13 MayFeatures
Responsiv: The new age of automation in retail
There is no doubt the landscape of retail is rapidly evolving. Driven by ever-developing technology, the effects of the pandemic, and changing consumer habits, it is no surprise that more and more retailers may be looking towards new technology and automation to help streamline their data and operations in a…
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13 MayPeople Moves
BRC board welcomes Kingfisher and AllSaints executives
The British Retail Consortium (BRC) has announced that Kate Seljeflot and Peter Wood have joined its board as non-executive directors. Seljeflot is currently the chief people officer at Kingfisher, a company whose brands include B&Q and Screwfix. The BRC said she has a “breadth” of experience in retail and business…
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12 MayEconomy
UK economy shrinks in March
The UK economy shrunk by 0.1% in March as consumers started to feel the bite of rising energy prices and the cost of living. The latest figures also come after a period of no growth in February. During the period, services fell by 0.2% on the month and was the…
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11 MayPeople Moves
Tesco online lead departs for Google
Tesco’s managing director for online has departed the company in order to take up a similar position at Google’s cloud computing business Google Cloud. Chris Poad, who took up the position at Tesco in October 2019, has overseen the ‘Big Four’ grocers online department as it tackled the lockdown surge…
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11 MayHealth & Beauty
Superdrug expands same day delivery service to Scotland
Superdrug has expanded its same-day, ‘Store to Door’, courier service to customers in Scotland, now available to those within approximately a five mile radius of nine Scottish Superdrug stores within the Glasgow and Edinburgh regions. The service allows shoppers to order products directly from their local store. Powered by delivery…
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10 MayDIY
Ikea stores to receive €3bn investment by end of next year
Ingka Group is set to accelerate its expansion by investing more than €3bn (£2.57bn) in new and existing Ikea stores by the end of next year to help make Ikea more accessible for customers. It said the investment reflects the ongoing retail transformation and the company’s “unchanged determination to get…
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9 MayHealth & Beauty
Revolution Beauty FY22 sales soar amid Boots partnership
Revolution Beauty has welcomed a “record” Q4 in its latest full-year trading update, attributing the success to its Boots and Walgreens expansions, with half-year sales rocketing 44% year-on-year for the year ended 28 February 2022. The beauty group reported a revenue of £194m, up 42% against the year ending 28…
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6 MayHigh Street
Footfall drops again in April
Footfall in UK retail destinations dipped once again in April 2022, falling to -15.9%, down from a decline of -15.3% in March 2022, according to the latest figures from Springboard. It said that the month was “salvaged” by Easter in the second week, when footfall rose by +9.1% from the…
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6 MayNews
Retail M&A deal value doubles in Q1 2022
The first quarter of 2022 saw 18 deals completed across the retail sector, the second-highest quarterly level since the start of the pandemic, according to new analysis from Grant Thornton UK’s quarterly retail sector M&A report. The £1.5bn announced deal value over the period was more than double that of…
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