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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Jan- 2024 -10 JanuaryNews
Greggs to open 160 new stores as FY23 sales rise
Greggs has revealed it plans to open between 140 and 160 new shops in 2024 as total sales in FY23 increased 9.6% to £1.8bn. The food-to-go retailer saw a 9.4% increase in like-for-like sales during Q4 of the year, which the company said was driven by the popularity of the…
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9 JanuaryNews
Today’s news in brief-9/1/24
The UK saw record-breaking grocery sales of £4.8bn during the week ending December 23, 2023, representing a 4.3% increase compared to the previous year. Aldi and Lidl continued to outperform the market, with a combined market share increasing to 20.1%. Total spending on groceries increased by £657m over the four…
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9 JanuaryPeople Moves
N Brown appoints new director of supply chain
N Brown Group has announced the appointment of Clare Empson as its new director of supply chain. According to N Brown, the appointment is in line with existing “succession” plans for the group’s current director of supply chain, Phil Barnes, who confirmed last year that he will retire in the…
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4 JanuaryNews
Today’s news in brief-4/1/24
UK retail footfall rose by 6.1% in December driven by a festive shopping surge. Shopping centres led with an 11.1% increase, followed by retail parks (5.9%) and high streets (3.7%). Compared to 2022, footfall edged up by 0.2%, primarily in high streets (+1.2%). However, shopping centres saw a decline of…
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4 JanuarySport & Leisure
JD Sports lowers guidance after underwhelming Christmas sales
JD Sports has lowered its full year profit guidance to between £915m – £935m, down from its ambitious £1bn target after seeing lower than expected revenue growth over the festive period. The company saw a constant currency organic revenue growth of 6.0% with like-for-like growth of 1.8% for the 22…
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4 JanuaryLuxury Goods
Barbour FY23 profits fall despite healthy sales rise
Barbour has revealed that operating profits fell 15% to £34.3m for the year ended 30 April 2023, despite seeing sales increase by 20% year-on-year to £343m during the period. The retailer attributed the dent in its operating profits to “intense cost pressures” on the business. In February 2023, the luxury…
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Dec- 2023 -29 DecemberAdvice
Navigating Global Markets: A Retailer’s Guide to International Expansion and Localisation
In the ever-evolving landscape of retail, international expansion presents a promising avenue for growth and increased market reach. However, venturing into global markets requires careful planning and a keen understanding of cultural nuances. Localisation, the process of adapting products and strategies to suit specific markets, becomes crucial for success. Here’s…
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26 DecemberAdvice
The Retailer’s Guide to RFID Tags and Inventory Management
In the fast-paced world of retail, efficient inventory management is crucial for success. RFID (Radio-Frequency Identification) technology has emerged as a game-changer for retailers, offering a more accurate, real-time, and automated way to track inventory. In this guide, we will explore the benefits of RFID tags and provide a step-by-step…
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15 DecemberNews
THG launches sustainability partnership PACT
THG has announced the launch of THG Partnership in Action, or PACT, a new initiative focused on collaboration with suppliers to foster a culture of sustainability while mutually decarbonising operations. The group’s science-based targets were officially validated by the SBTi in September 2023, encompassing mandatory Scope 1 and 2 reductions…
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14 DecemberNews
Retailers urge government to reform Apprenticeship Levy
Three leading trade bodies and seven food retailers are calling for urgent action to reform the broken Apprenticeship Levy system and address the “critical and persistent” labour shortages in the food supply chains. In a letter sent to the government, the British Retail Consortium (BRC), the National Farmers Union (NFU)…
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