Supply Chain
This coverage examines supply chain strategy and performance within the UK retail industry. Reporting highlights logistics innovation, inventory management, sourcing practices, supplier relations, technology adoption, and responses to disruption. Focused on efficiency, resilience, and commercial impact, it provides insights for retail executives and managers optimising operations and ensuring continuity.
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May- 2024 -30 MayHigh Street
Clarks falls to £40m loss
Clarks has revealed that it posted a loss of £39.8m for the year ended 31 December 2023, down from a profit of £35.9m in 2022. The company has put this down to a number of one-off costs in 2023 including £4.6m on restructuring. This also includes a £3m increase in…
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30 MayClothing & Shoes
Dr Martens to cut £25m in costs as full-year profits plummet
Dr Martens is targeting £25m in cost savings after its pre-tax profits plummeted 43% to £97m in the 12 months ended March, following weak demand in the US market. Throughout the year, revenues for the company fell by 12% to £877m, though DTC revenue rose by 2% to £533.1m, primarily…
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30 MayFeatures
How to know when your retail company is ready for outside investment
In today’s retail market, acquisition has become a common strategy for growth, expansion, and exit. For retailers, understanding when their business is ready to be acquired is crucial. Being acquisition-ready means positioning your business in a way that makes it attractive to potential buyers while ensuring that you can achieve…
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23 MayOnline & Digital
Temu owner sales rocket 131% in Q1
The owner of Temu, PDD Holdings, has welcomed a strong first quarter of trading as sales rocketed 131% to RMB86.8bn (£9.4bn), up from RMB37.6bn (£4bn) the prior year. Sales more than doubled largely due to an increase in revenues from its online marketing services and transaction services. Online marketing services…
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22 MayDepartment Stores
M&S sees PBT soar to £672.5m
M&S has revealed that its profit-before-tax rose to £672.5m, up from £475.7m, for the year ended 30 March 2024. Alongside this, the company’s profit before tax and adjusting items was £716.4m, up from £453.3m. Overall, the retailer’s revenue jumped 9.3% from £1.19bn last year up to £1.3bn this year. Its…
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22 MaySupermarkets
Co-op unveils ‘ambitious’ sustainability targets
The Co-operative has unveiled new and “ambitious” sustainability targets, which includes reducing carbon emissions across the supply chain. This comes as Co-op has already hit its original greenhouse gas target early, ahead of its official 2025 goal. These new sustainability targets, which are aligned to the retailer’s credit facilities, aim…
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9 MaySupermarkets
Ocado appoints ex-BT chief as NED
Ocado Group has revealed that former BT chief Gavin Patterson has been appointed as an independent non-executive director with effect from 1 June 2024. Patterson will also be a member of the People Committee and the Remuneration Committee, with those appointments taking place on the date of his appointment to…
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9 MaySupermarkets
‘Era of cheap food is over’, Waitrose boss claims
James Bailey, the executive director of Waitrose has told The Telegraph the “era of cheap food is over”, as the supermarket chain is due to reveal a new initiative to support British farmers in the move to regenerative agriculture. It is understood that the move will make the supermarket the…
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8 MayClothing & Shoes
Castore acquires Infinity Inc
Sportswear brand Castore has finalised its acquisition of Infinity Inc, a supplier of branded merchandise, clothing and uniform based in Leeds. The deal is Castore’s first acquisition following a £145m investment in November 2023. As a key supplier, the acquisition will strengthen Castore’s supply chain and enable greater speed to…
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8 MayClothing & Shoes
Boohoo losses hit £160m amid sales slump
Boohoo losses have widened to £159.9m in its full-year results, up from a previous loss of £90.7m, as revenues fell amid a challenging market backdrop over the period.In the year ended 29 February 2024, revenues fell by 17% to £1.46bn, down from £1.77bn the prior year. As well as difficult…
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