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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Aug- 2021 -3 AugustClothing & Shoes
Joules returns to profit in FY21
Joules has announced that it has returned to profit in its latest full-year results, rising to a pre-tax profit of £6.1m, up from a loss of £3.9m the prior year. It comes as its group revenue saw an uptick of 4.3% to £199m in the full-year ended 30 May 2021,…
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2 AugustAnalysis
Impulse buying can help an online brand grow, if it’s done correctly
Impulse buying isn’t just a tactic used by bricks & mortar retailers, where shoppers are tempted with inexpensive treats as their defences are down as they make the final approach to the till. In fact, research from Kantar has found that more than 31% of us are now spontaneously splurging…
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2 AugustOnline & Digital
Amazon growth slows in Q2
While sales in Amazon’s second quarter soared by 27% to $113bn (£81bn) against 2020, growth slowed down from a 44% climb in the first quarter, as Wall Street had forecast sales of $115bn (£83bn). The deceleration is expected to continue, according to Amazon, as it guided for a 10% to…
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Jul- 2021 -30 JulyHigh Street
One in seven UK shops still remain vacant, BRC reveals
More than one in seven shops on UK high streets, retail parks and shopping centres are currently vacant, according to the latest data from the Local Data Company and the British Retail Consortium (BRC). The data revealed that fashion stores were amongst the “hardest hit” as customers primarily shifted to…
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29 JulyHigh Street
NI to boost high street spending with £100 voucher
Northern Ireland economy minister Gordon Lyons has announced a £145m scheme that will give everyone aged 18 and over a prepaid card worth £100 to spend on their local high street. It is planned that the registration process will open to the public this September. Lyons stated that the new…
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29 JulyHigh Street
Mothercare losses widen to £21.4m
Mothercare has reported a wider pre-tax loss of £21.4m for the full-year ended 27 March 2021. Turnover also plummeted 47.9% to £85.8m, down from £164.7m the previous year, largely due to the continued impact of Covid-19 on trade in the key markets of Russia, India, Indonesia and Malaysia. Looking ahead,…
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29 JulyComment
Why you should use Covid recovery funds for staff testing
Freedom week has brought a mixture of relief and happiness for some along with remaining anxiety and caution. We are living with Covid and retailers need to go beyond the minimum to flourish. Managers with a clear purpose to protect their staff and customers will be the ones to define…
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28 JulyFeatures
What would protective shopworkers’ legislation mean?
“I’ve been sworn at, spat at and had a knife pulled on me all in the last 10 months,” says a shop worker responding to the Union of Shop, Distributive and Allied Workers (Usdaw) 2020 survey. This response is just one of many negative reports experienced by workers across the…
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28 JulyHigh Street
Shop prices decline will ‘not last forever’, BRC warns
Shop prices have continued to decline in July, but the lowering of prices may “not last forever” in the wake of Brexit, according to the latest BRC-Nielsen Shop Price Index. Shop price deflation accelerated to 1.2% year-on-year over the month, compared to June’s decrease of 0.7%. According to the BRC,…
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27 JulyLuxury Goods
LVMH reports 56% H1 revenue spike
Moët Hennessy Louis Vuitton (LVMH) has reported a 56% year-on-year revenue rise to €27.7bn (£23.7bn) in H1 FY21. Organic revenues at the luxury retailer also jumped 56% when compared to H1 FY20 and 11% in comparison to pre-pandemic 2019 levels. The group also saw profit from recurring operations jump 44%…
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