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 -15 MarchOnline & Digital
Annual quest to find the UK’s fastest growing online retailers begins
Despite restrictions easing, the pandemic appears to have altered our shopping habits forever. The boom in online shopping during the coronavirus pandemic has seen many of us become increasingly more comfortable shopping online, with global e-commerce jumping to $26.7trn (£20.4trn). New data from Brightpearl, a popular operating system for retailers,…
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15 MarchNews
DFS revenues up 17.4% to £561.1m
DFS has announced its revenue increased by 17.4% on the pre-pandemic two-year comparator to £561.1m, during the 26 week-period ended 26 December 2021. The firm said this demonstrates “success in strategy” to offset and pass-through inflationary pressures. According to the firm, the scale of its business has widened as it…
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11 MarchClothing & Shoes
Mango reports highest profit in decade
Mango has closed FY21 with the highest profits in almost a decade, with a net profit of €67m (£56m), triple the €21m (£18m) reported pre-pandemic in 2019. The fashion retailer said its latest results “brings an end to the disruption of 2020”, as the group returned to profit and welcomed…
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10 MarchOnline & Digital
February shows signs of return to normal online spending patterns
Despite February’s year-on-year (YoY) online retail growth dropping even lower than the previous month’s record, there were signs of a return to normal spending patterns within the broader set of results, according to the IMRG Capgemini Online Retail Index. While February’s dip to -27% means it replaces January 2022 (-24.4%)…
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10 MarchOnline & Digital
Boohoo eyes FY22 profits of £125m as sales surge 14%
Boohoo group plc has revealed it expects adjusted EBITDA for the 12 months ending 28 February 2022 (FY22) to reach approximately £125m, subject to audit, which is in line with prior guidance issued in December and market expectations. The announcement comes as Boohoo reported sales growth of 14% in FY22,…
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9 MarchNews
A reshaping of town centres
“The last two years have been tumultuous for retailers but the closures we’ve seen are an acceleration of what was happening before the pandemic,” says Lisa Hooker, consumer markets lead at PwC. The accounting firm recently published a report monitoring the openings and closures of large-chain highstreet operators. It concludes…
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9 MarchNews
The Direct Selling Association appoints four new board members
The Direct Selling Association, the UK trade body for direct-to-consumer retail, has appointed four retail industry leaders to its board of directors. The new board members join representatives from brands including Avon, The Body Shop, and Usborne Books at Home, to serve as an advisory panel for the Direct Selling…
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9 MarchClothing & Shoes
Adidas expects €250m sales hit amid Russia conflict
Adidas has reported its expects the war in Ukraine to risk up to €250m (£208.37m) sales in the company’s Russia/CIS business in FY22, representing approximately 50% of adidas’ total revenues in the region. The announcement comes as Adidas revealed its currency-neutral revenues increased year-on-year by 16% in FY21 from €18.43bn…
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8 MarchEconomy
Retail sales show continued growth in February
Retail sales increased by 6.7% in February, against an increase of 1.0% in February 2021, a new report from BRC and KPMG has revealed. This is ahead of the three-month average growth of 6.5% but worse than the 12-month average growth of 11.3%. On a two-year basis, total retail sales…
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7 MarchHigh Street
Bira announces launch of Neartoo online trading platform
The British Independent Retailers Association (Bira) has announced the official public launch of its new online trading site Neartoo. The website, which launches on Monday 7 March, is designed to “help stores in hard hit High Streets recover from the pandemic”. The platform allows shoppers to find out what they…
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