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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May- 2021 -25 MayDepartment Stores
Wilko FY21 sales plummet £107m to £1.36bn
Wilkinson Hardware Stores (Wilko) saw its total sales drop 7.3% and £107.2m year-on-year from £1.47bn in FY20 to £1.36bn in FY21. Despite the fall in total sales, the homewares and household goods retailer’s EBITDA held steady for the 12 months ended 30 January 2021, declining from £48.5m to £48.3m. The…
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25 MayHigh Street
Mothercare sales plunge 40% in FY21
Mothercare has revealed that sales in its unaudited full-year results are set to plunge 40% to £326m, reflecting the impact of the pandemic on the global markets in which its franchisees operate. The group said the impact of Covid-19 has “varied enormously” by market as countries have addressed the pandemic…
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25 MayEconomy
Family spending power reaches 11-year high
The average family disposable income in the UK has reached an 11-year high, according to Asda’s latest Income Tracker. Income increased by 13.1% year-on-year in March, representing a weekly income rise of £28 for each household. London saw the smallest annual growth with a rise of 8%, while disposable incomes…
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21 MayAnalysis
Customer experience differentiation is at the core of retail innovation
The rise of DTC, net-zero commerce, hyper-local shopping, dark stores, same-day (if not, same-15-minutes) delivery, and brand drops mark the point of no return for mainstream retailers. Over the past decade, retail has somewhat sleepwalked into paradigm shifts that are shaping the modern world. The fall of Arcadia Group is…
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21 MayHigh Street
Retail sales climb 9.2% in April
Retail sales across the UK increased 9.2% in April 2021 when compared to the previous month, as the easing of restrictions included the opening of non-essential retail across England, Wales, and Scotland during the period. According to the ONS’s retail sales data, sales grew 42.4% year-on-year due to April 2020…
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21 MayOnline & Digital
Cox & Cox sales soar despite supply chain disruption
Online homeware retailer Cox and Cox has announced that its first quarter “proved a very strong period”, with net revenue soaring 167% in the period, while orders were up by 101% against the prior year. Now in its 20th year of trading, the group said it has started the year…
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21 MayHigh Street
Card Factory completes £225m refinancing
Card Factory has announced it has completed a £225m refinancing with its current banking syndicate. The news follows the retailer’s recent trading update which saw its sales performance “exceed expectations” after reopening following the first and second lockdowns. Sales from the online channels reportedly fell which was in line with…
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20 MaySupermarkets
Sainsbury’s CS&R director Judith Batchelar to step down
Sainsbury’s has announced that Judith Batchelar OBE is to step down from her role as director of corporate responsibility and sustainability (CR&S) and public affairs at the group. Batchelar will remain with the business until November 2021 as an advisory, before departing from Sainsbury’s after 16 years at the firm.…
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20 MayClothing & Shoes
N Brown profits halve in FY21
N Brown, the owner of Simply Be and Jacamo, has seen its pre-tax profits almost halve in the full-year ended 27 February 2021, tumbling 49.4% to £30.1m as the group was hit by the pandemic. In the same period, revenue fell by 13% to £728.8m, and total product revenue was…
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20 MayClothing & Shoes
Mytheresa Q3 sales jump 47.5% to £142m
MYT Netherlands Parent BV, the parent company of luxury fashion and designer firm Mytheresa, saw its net sales for Q3 FY21 rise 47.5% year-on-year to €164.8m (£142.2m). The group’s adjusted EBITDA for the period ended 31 March 2021 more than tripled to €11.1m (£9.58m), up from €3.1m (£2.67m) last year.…
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