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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Jul- 2021 -20 JulySupply Chain
Bestway FY20 profits soar 82% to £38m
Bestway Wholesale Group has reported a year-on-year rise in EBITDA of 81.8% in FY20, up from £20.8m to £37.9m. Revenues at the owner of Bestway Wholesale, Bestway Retail, Bestway Northern, Bestway Property, and MAP, also increased, but at a slower rate of 1.4% year-on-year to £2.55bn. The year to June…
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19 JulyClothing & Shoes
Puma profits hit £93m in Q2
Puma has reported that its profits hit €109m (£93m) in its second quarter of trading, up from a previous loss of €115m (£98) in 2020. The group noted that the increase was predominantly due to a range of new product launches, with “high sell-throughs” and strong growth across all regions,…
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16 JulyDepartment Stores
M&S extends activewear brand range
M&S has announced that it is launching the latest product range for its activewear brand Goodmove which will be supported by a new customer campaign. The brand was first launched at the beginning of 2020 and has since expanded into both mens and kids wear at the beginning of 2021.…
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16 JulyLuxury Goods
Liberty London swings to £12.6m loss in FY21
Liberty London has swung to a management EBITDA loss of £12.6m for the 52 weeks ended 30 January 2021, following profits of £14.4m the previous year. While the group’s Great Marlborough Street flagship was closed for almost six months during the financial year, Liberty claimed that its online operations “benefitted…
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16 JulyHigh Street
Eve Sleep revenue rises 13% in H1
Eve Sleep has announced that for the six months ended 30 June 2021, group revenue increased 13% to £13.9m, up from £12.2m the previous year. The growth was primarily seen through its online sales, with a “softer” performance from retail partners, reflecting lockdown restrictions over the first quarter as well…
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16 JulyClothing & Shoes
Burberry sales rebound in Q1
Burberry has welcomed a “strong” rebound in trading during its first quarter, as revenue soared by 86% to £479m in the period ended 26 June, 2021. Comparable store sales rocketed 90% against last year and by 1% against 2019, as sales across the business returned to pre-pandemic levels. Within these…
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15 JulyClothing & Shoes
Asos sales rise 26% despite Covid ‘uncertainty’
Asos has reported that total sales soared 26% to £1.24bn in the four months ended 30 June 2021, up from the £983.3m reported the previous year, as the retailer continued to attract more customers. Total group revenue also increased over the period, rising by 27% to £1.28bn, up from £1.01bn…
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14 JulyAdvice
Closing the feedback gap during the rise of eCommerce
Gone are the days where online retail was solely for large resellers. With more brands launching online versions of their stores over recent years, shoppers have seen huge growth in e-commerce. A boom further caused by the COVID-19 pandemic, pushing people to shop online, rather than in-store. With this trend…
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14 JulyOnline & Digital
Online spending to hit £120.48bn in 2021
Following a surge in online sales in 2020, UK shoppers are predicted to further increase their spending of online purchases in 2021 to £120.48bn, according to the latest report by VoucherCodes.co.uk. The research showed that online sales will make up almost a third (30.2%) of overall retail spending, equating to…
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14 JulyHigh Street
Administrators appointed to wind up Arcadia Group
Mazars has been appointed as liquidators of Philip Green’s collapsed retail empire Arcadia Group -with the group looking to “repay key creditors”, including HMRC. Arcadia, which operated numerous high-street brands across the UK and globally, including Topshop, Burton and Dorothy Perkins, fell into administration towards the end of last year,…
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