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 -4 MayClothing & Shoes
Boohoo profits sink 94% to £7.8m
Boohoo has announced its profit before tax sunk 94% to £7.8m in 2022, compared to £124.7m in 2021, according to its final results for the year ended 28 February 2022. The group said this is due to “lower growth” than anticipated and a “significant” increase in logistics costs. The group…
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4 MayClothing & Shoes
Joules CEO steps down as group warns of market challenges
Joules has announced that its CEO, Nick Jones, will step down from his role during the first half of the group’s next financial year following three years at the helm, as the group warned of subdued trading amid challenging market conditions. The group said that since joining the business in…
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3 MayFeatures
Missguided: what went wrong?
As the face of online shopping for young women around the world, Missguided has faced its fair share of troubles despite its ever-present popularity within the fast fashion industry. Now the company is eyeing potential buyers, it puts into question the future of the business. Since its launch in March…
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3 MayNews
Ocado faces backlash over boss Tim Steiner’s £100m pay plan
Ocado faces a shareholder backlash over plans to reward boss Tim Steiner with up to £100m at a time when the country is facing a cost of living crisis. According to the Daily Mail, he could receive the sum over five years if the share price triples under a “value…
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3 MayHigh Street
Card Factory swings to profit in FY22
Card Factory plc has reported its pre-tax profits surged 167.7% to £11.1m for the year ended 31 January 2022 (FY22), compared to a loss of £16.4m in FY21. It said the performance comes in ahead of management’s expectations and amid “significant” trading disruption and inflationary cost pressures. Revenues also increased…
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Apr- 2022 -29 AprilNews
Sales surge at Travis Perkins as demand for housing climbs
Travis Perkins has seen a “positive” start to the year with the increased appetite for housing seeing total sales rise 13.6% from the prior year, according to its first quarter trading update for the three months to 31 March 2022. In the merchanting segment, total sales were up by 17.9%…
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29 AprilNews
Amazon shares tumble amid first loss since 2015
Amazon shares have taken a 10% hit after reporting a net loss of $3.8bn (£3.02bn) in the first quarter ended 31 March 2022 (Q1), due to inflationary and supply chain pressures, marking its first loss since 2015. The net loss includes a pre-tax valuation loss of $7.6bn (£6.05bn), and Amazon’s…
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29 AprilPeople Moves
New West End Company CEO to step down
New West End Company CEO Jace Tyrrell is set to step down from his role this October, after six years at the head of the group, as he returns to his native Australia to lead its first Business Improvement District – The New Sydney Waterfront Company. According to the group,…
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27 AprilNews
WHSmith H1 profits climb to £14m amid strong travel sales
WHSmith has announced its profits-before-tax climbed to £14m, up from a loss of £19m in 2021, due to an increase in travel revenues. In a trading update of its interim results for the six-month period ended 28 February 2022, Travel trading profit increased to £10m in 2022 from a loss…
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26 AprilNews
The pursuit of pop-ups
“Since reopening, retail sales have shown a ‘mixed bag’ of results. While the reopening of physical stores was unquestionably positive for the sector, there are still substantial operating costs associated with reopening which will be affecting retailer margins,” said the British estate agency, Savills. Savills made the comments as the…
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