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 -14 JulyDIY
Dunelm raises guidance amid ‘robust’ Q4 sales
Dunelm has raised its full-year guidance following a period of “exceptionally strong” growth post-lockdown, with Q4 sales soaring 101.7%, or 43.9% when compared to the same period in 2019. In light of its strong sales performance since reopening in April, as well as reporting a higher than anticipated gross margin…
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13 JulyProperty
British Land welcomes rising rent collection
British Land has announced that following the latest quarter date for rental payments on 24 June, it has recorded higher levels of rent repayment, with 85% of June 2021 rent collected to date. Retail rent collection hit 71%, 24% ahead of rent collection at the same point for the December…
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12 JulyEconomy
Footfall flatlines in June
Footfall from shoppers in the UK plateaued despite social distancing restrictions remaining largely the same, according to new data from the British Retail Consortium (BRC). The latest Footfall Monitor from BRC and Sensormatic found that overall footfall in the UK dropped by 27.6% in June compared to the same month…
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12 JulyComment
Getting email right for a successful Christmas season
Annual retail sales and profits skyrocket over the Christmas season, According to the National Retail Federation, Christmas sales can be 20-40% of a retailer’s annual sales. Given the stop-start nature of 2021, most UK retailers want to close out with the biggest revenues they can this year. During the pandemic,…
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9 JulyHigh Street
June sees LFL retail sales rise by 52.1%
Total like-for-like (LFL) retail sales increased by 52.1% in June, according to the latest BDO’s High Street Sales Tracker. The tracker also revealed that retail sales jumped 41.7% in the third week of June from a “poor base” of 7.07% for the same week last year when non-essential retailers began…
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8 JulyHigh Street
Footfall jumps in first week of June but stalls amid restriction delay
Footfall across UK retail destinations continued to strengthen in June, moving to -22.2% below the 2019 level from -27.5% in May, the strongest result since the start of the pandemic, according to the latest monthly data from Springboard. However, Springboard revealed that the gains were “largely” made in the first…
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8 JulyHigh Street
WH Smith to open 18 new stores across UK airports
WH Smith has announced that it will open 18 new technology and accessories stores across some UK airports, including London Heathrow, London Stansted, Manchester, London Luton, Birmingham and East Midlands. The stores will trade under the North American, InMotion brand with the group anticipating that the new openings will deliver…
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8 JulyLuxury Goods
Watches of Switzerland revenues hit £905m in FY21
Watches of Switzerland has seen its revenue rise by 13.3% to £905.1m in the year ended 2 May, 2021, with revenue up by 17.9% against FY19. Over the same period, its pre-tax profit hit £63.7m, up from the £1.5m reported in FY20, while EBITDA rose by 34.9% to £105.4m. Despite…
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8 JulyDepartment Stores
B&M Q1 revenues rise 3.1% to £1.2bn
Variety goods value retailer B&M has announced that total group revenues increased 3.1% year-on-year to £1.19bn for Q1 FY22. While one-year like-for-like (LFL) revenues fell 4.4% for the 13 weeks ended 26 June 2021, two-year LFL revenues spiked 21.3% at the firm. B&M UK comprised the largest proportion of group…
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7 JulySupermarkets
Tesco partners with Prince’s Trust to ‘jump start’ 45,000 young careers
Tesco has committed to helping over 45,000 young people “jump start” their career and build employability skills in partnership with The Prince’s Trust. The news follows a recent report from think tank The Social Market Foundation, which found that half of the 1,000 respondents of young people aged 16-25 said…
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