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 -7 JulyHigh Street
Prices and product confusion barriers to sustainability, survey finds
UK consumers’ interest in sustainable products has risen significantly but barriers such as high prices, confusion around product quality, and lack of trust in sustainability credentials are stopping them from making purchases, according to a new survey from EY. It comes as the latest EY Future Consumer Index found that…
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7 JulyEconomy
BRC report highlights chargeback ‘struggles’ for retailers
The British Retail Consortium (BRC) has published a report which highlights the ongoing chargeback “struggles” affecting retailers in the UK. The survey’s respondents, who were retailers across a wide variety of sectors, identified a change in chargeback issuances linked directly to Covid-19 which saw an average increase of 25%. Some…
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6 JulyAdvice
Retail sector valuations in the current climate
The current pandemic has caused widespread disruption to the retail sector, with many struggling to maintain a healthy cashflow and revenues and profits down on previous years. Knowing the different types of valuation methods and when to use them can help business owners know what their company is worth now, helping to support their…
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6 JulyCoronavirus
Usdaw ‘slams’ lifting of restrictions in shops
Usdaw has “slammed” the government’s announcement that it plans to lift safety measures in stores once the final Covid restrictions are lifted on 19 July. In a speech made yesterday (5 July), the Prime Minister confirmed that face coverings would no longer be mandatory in shops from that date, whilst…
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5 JulyHigh Street
Bestway FY20 losses climb 32% to £8.2m
Bestway Group, the owner of Bargain Booze, Wine Rack, and Central Convenience, saw its FY20 losses climb over 32% year-on-year to £8.2m. The wholesaler and retailer of beers, wines, spirits, tobacco, grocery, and confectionary products saw the increased losses despite group revenues rising 2.4% year-on-year to £388.5m for the year…
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5 JulySupermarkets
Asda confirms hybrid working model for colleagues
Asda has confirmed that it will introduce a permanent hybrid working model for head office colleagues once social distancing restrictions are lifted. The group recently invested in its head offices to make sure it was Covid-secure with it remaining open with reduced capacity during the pandemic for those colleagues that…
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5 JulyGovernment
Retailers call on PM to ‘support’ laws against retail violence
Some 100 of the UK’s “leading” retailers have written to the Prime Minister calling on him to support an amendment to the Police, Crime, Sentencing and Courts Bill that would tackle violence and abuse against retail workers. The letter, which was coordinated by the British Retail Consortium (BRC), comes as…
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2 JulyHigh Street
Boots owner posts strong Q3 results
Walgreens Boots Alliance, the owner of pharmacy retailer Boots UK, has reported a strong showing in its third financial quarter, as operating income from continuing operations totalled at $1.1bn (£799m) over the period. In comparison, the group posted a significant loss of $1.7bn (£1.2bn) over the same period a year…
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2 JulyClothing & Shoes
Ralph and Russo bought out of administration
Ralph and Russo has been bought out of administration by Retail Ecommerce Ventures (REV), who made an undisclosed bid amount to acquire the business and assets of the UK-based luxury brand. Paul Appleton of Begbies Traynor Group and Andrew Andronikou of Quantuma Advisory, who were acting as joint administrators, conducted…
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1 JulyNews
Innovating retail spaces for a successful future
Whilst the growth of online consumer shopping was highly publicised during the prolonged periods of Covid-19 lockdown, the relaxing of the rules for non-essential retailers in England and Wales has led to a 174% rise in high street footfall. It’s a figure that shows the high street is certainly not…
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