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 -18 MarchClothing & Shoes
Sycamore Partners eyes Ted Baker takeover bid
American private equity firm Sycamore Partners is reportedly considering a takeover bid for Ted Baker, according to Sky News. The outlet reports that Sycamore has appointed advisers Numis to help it evaluate a potential offer, with one source cited claiming it was considering approaching the board of the british fashion…
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18 MarchOnline & Digital
Ocado lowers growth forecast amid drop in Q1 sales
Ocado Retail Ltd has announced its revenues dropped 5.7% year-on-year in the 13 weeks to 27 February 2022 (Q1) to £564.7m, and the group said that while revenue growth for the year should be in the high-teens, the forecast has dropped to 10%. The announcement comes amid uncertainties over inflation…
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18 MarchClothing & Shoes
T.M. Lewin calls in administrators for second time in two years
T.M. Lewin has collapsed into administration for the second time in two years as trading continued to be impacted by the effects of the pandemic. The menswear retailer confirmed that Will Wright and Chris Pole from Interpath Advisory have now been appointed as the latest joint administrators to the group. …
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18 MarchNews
UK vacancy rates decrease for the first time since 2018
In H2 2021, the national vacancy rate declined by 0.1% from H1 2021, landing at 14.4% – the first decline in the UK vacancy rate since 2018, according to analysis by the Local Data Company (LDC). It revealed Britain’s retail and leisure sector is “stabilising” following the Covid-19 pandemic. The…
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18 MarchComment
13 Spring Statement predictions
With both the global and UK economies coming under pressure from the rising cost of living crisis, which has only been exacerbated by Russia’s invasion of Ukraine, all eyes will be on the chancellor when he makes his Spring Statement speech on 23 March 2022. Here, Christy Wilson, tax associate…
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17 MarchComment
Embracing trends to keep retail supply chains moving
Although it’s increasingly challenging to predict the full impact of global events on supply chains, one of the most influential factors affecting the movement of goods is consumer trends and how changing behaviours can alter retail operations. With the right data and strategy, it’s possible to get an accurate view…
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17 MarchEconomy
BoE raises interest rates to 0.75%
The Bank of England has raised interest rates back to the pre-pandemic level of 0.75% as it tries to mitigate the effect of the rising costs of living and the impact that the conflict in Ukraine is having on the global economy. The Monetary Policy Committee (MPC) voted with a…
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17 MarchClothing & Shoes
Prada FY21 revenues spike 41% to €3.36bn
Prada S.p.A has reported its revenues increased 41% year-on-year to €3.36bn (£2.82bn) in the full year ending 31 December 2021, also up 8% from pre-Covid levels. The group’s net income hit €294m (£246.4m) and EBIT grew to €489m (£409.83m). Prada also revealed its online sales surged 61% year-on-year, five times…
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16 MarchFeatures
How analytics can revolutionise your online business
One side-effect of the pandemic on the retail industry is to accelerate the shift to online, as brick and mortar stores were closed all around the UK and retailers and customers alike flocked to the digital sphere. Trends were already moving in that direction, but the unprecedented speed of the…
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16 MarchComment
From click to ring ring: a new way to check-out?
Last month, it was announced that the proportion of online retail sales fell to its lowest level since the e-commerce boom of March 2020 and in January, the online share of retail sales fell to 25.3%. While this dip is no doubt partly due to a rise in high street…
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