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 -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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1 JulyElectrical
AO World sees revenues soar 62% in FY21
AO World has seen group revenue soar 62% to £1.7bn in the year ended 31 March, 2021, as the group reaped the benefits of the online shopping shift that was driven by the pandemic over the period. The retailer’s operating profit rose to £30m, up from a £4m loss reported…
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1 JulyClothing & Shoes
H&M Q2 profits reaches £303m
H&M has reported pre-tax profits of SEK 3.59bn (£303m) from a previous year’s loss of SEK 6.4bn (£547m) for its second quarter ended 31 May 2021. The group’s net sales in local currencies increased by 75% to SEK 46.5bn (£2.9bn) from SEK 28.6bn (£2.4bn) in the corresponding period last year.…
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Jun- 2021 -30 JuneHigh Street
Cake Box FY21 revenue climbs 16.9% to £21.9m
Cream cake retailer Cake Box saw revenues spike 16.9% year-on-year to £21.9m for the full year ended 31 March 2021. The group’s adjusted pre-tax profit also jumped in the period, up 24.8% from £3.8m in FY20 to £4.7m in FY21. Cake Box’s strong performance was driven by an 84% growth…
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30 JuneElectrical
Dixons Carphone profits reach £33m amid online surge
Dixons Carphone has reported pre-tax profits of £33m for the year ended 1 May 2021, climbing from a £140m loss last year when the group was hit by the effects of Covid-19. Revenue for the period reached £10.3bn and was boosted by a 103% online sales growth to £4.7bn during…
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