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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Mar- 2022 -31 MarchEconomy
UK GDP rebounds 1.3% in Q4 FY21
The UK’ gross domestic product (GDP) is estimated to have increased by 1.3% in the fourth quarter (Q4) of 2021 between October to December, meaning UK GDP is now 0.1% below pre-Covid levels. Annual GDP in 2021 is now estimated to have increased by a revised 7.4% compared to the…
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31 MarchHigh Street
High street footfall continues to lag behind pre-pandemic levels
Footfall levels remain 23% below pre-pandemic levels in February 2022 as rising costs are reportedly set to “batter” retailers from 1 April, according to RSM. The latest data from Datscha, analysed by RSM, shows the overall decline in footfall is the worst in London with numbers on Oxford Street down…
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29 MarchComment
From Vestiaire to Vinted: Why retailers must join the resale revolution
The resale market is booming – growing 11 times faster in fact than the wider retail fashion sector, and predicted to be worth $84 billion by 2030, more than double that of the fast fashion market’s $40 billion expected valuation for the same year. The pandemic has undeniably driven two…
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29 MarchSupermarkets
Asda profits surge 42% as Covid disruption eases
Asda has reported its operating profits increased 42% year-on-year from £486.5m to £693.1m in FY21 following a reduction in Covid-related costs. The company’s revenues for FY21, excluding fuel, increased to £20.42bn, up 0.6% year-on-year and up 4.3% on a two-year basis. Additionally, revenues in the fourth quarter (Q4), excluding fuel,…
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28 MarchOnline & Digital
CyberJammies wakes up to dream solution from Brightpearl
Key facts TREBLED revenue Live in JUST 120 days 5-star customer service Britain’s fastest growing fashion brand, and 11th overall fastest growing online retailer according to Brightpearl’s Lightning 50 “Absolutely everything has improved significantly since we signed up with Brightpearl” – Mark Tweed, brand director, CyberJammies 2020 was the year…
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28 MarchElectrical
Currys introduces hybrid working policy with new WeWork partnership
Currys has launched a new hybrid working model for all corporate and commercial employees in the UK after signing a new deal with workspace provider WeWork. The deal will see Currys equip its 1,000+ corporate workforce with WeWork All Access passes, enabling them to visit over 50 UK WeWork locations.…
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28 MarchHigh Street
Retail Trust launches anti-harassment initiative
The Retail Trust has partnered with law firm Foot Anstey’s retail and consumer team on a new initiative to support retailers in their efforts to foster safer working environments for employees. It comes as the trust said that preventing harassment in the retail environment is becoming a “touchstone people and…
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28 MarchSupermarkets
Lidl to create over 1,200 warehouse jobs by 2025
Lidl GB has announced that it will be creating more than 1,200 new warehouse jobs by the end of 2025 as it begins recruitment for its new Regional Distribution Centre (RDC) in Luton. Despite the pandemic, construction began on Lidl’s new 1.2 million sq ft distribution centre in Luton last…
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24 MarchHigh Street
High streets face £3bn rates rise on 1 April
Retail, leisure and hospitality businesses in England are facing a “dangerous cost of doing business crisis”, according to real estate adviser Altus Group, as the government presses ahead with its £3.1bn business rates rise on 1 April. Analysis by Altus Group, following yesterday’s (23 March) Spring Statement, shows councils in…
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23 MarchClothing & Shoes
Threads Styling secures $12m to further expand e-commerce offering
Threads Styling, the luxury chat-based shopping platform, has announced it has raised a $12m (£9m) fundraising round led by Highland Europe and C Ventures, with participation from BVYP and TriplePoint Capital. It said the funding will enable Threads to continue to expand its current product offering, allowing it to “service…
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