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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Aug- 2023 -17 AugustPeople Moves
Walmart International boss to step down
Walmart has announced its International president and CEO Judith McKenna is to step down from her role in order to retire after 27 years with the company. Walmart confirmed that Kath McLay will become the president and CEO of Walmart International and Chris Nicholas will become the president and CEO…
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14 AugustClothing & Shoes
Sweaty Betty owner lowers outlook amid Q2 revenue decline
Sweaty Betty owner, Wolverine Worldwide, has lowered its revenue and earnings outlook as it experienced a decline of 17.4% in revenue to $589.1m (£463.8m) in Q2. While revenue from the ongoing business was slightly better, it was still down at $578.2m (£455.2m) – a decline of 13.8% on a constant…
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1 AugustEconomy
Falling inflation may be halted as Russia pulls out of grain deal, BRC warns
The British Retail Consortium (BRC) has warned that falling inflation is likely to slow after Russia withdrew from the Black Sea Grain Initiative despite seeing annual shop price inflation drop to 7.6% in July. This figure is down from 8.4% in June and represents the lowest inflation figure in 2023…
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Jul- 2023 -24 JulyClothing & Shoes
Matalan expects profits to improve despite drop in revenues
Matalan has revealed it expects its FY24 EBITDA of £60m-£65m, up from £30.6m in FY23, despite seeing its revenues fall in the 13 weeks to 27 May 2023 fall 8% to £263.6m. The retailer also revealed that its revenues improved to £122.5m, up from £116.1m, in the five weeks to…
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21 JulyNews
Retail competition not responsible for high food inflation, CMA finds
A new report from the Competition and Markets Authority (CMA) has found that high food price inflation has not been driven by retail competition. Over the past two months, the CMA has assessed how retail competition is working in the UK grocery sector, particularly between supermarkets such as Asda, Morrisons,…
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20 JulyNews
Company Shop Group bolsters senior team
Company Shop Group, the UK’s leading redistributor of surplus stock, has recently bolstered its senior team with the appointment of Adam King, previously community director at Samworth Brothers, and former Morrisons’ head of finance (retail), Sinead Healey. Joining the group as marketing director, King brings with him over 15 years…
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14 JulyClothing & Shoes
Sustainable retail concept All Good Things secures £2.5m investment
All Good Things, the independent retailer that exclusively sells pre-loved, fragmented or repaired clothing, has secured a £2.5m equity investment. Funding has been provided by Souter Investments, in conjunction with a broad base of experienced retail industry alumni, including Ben Barnett (former CEO, TFG London), Helen Williamson (former MD, Whistles),…
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10 JulyNews
Bensons for Beds appoints new non-executive director
Nationwide sleep experts Bensons for Beds has announced the appointment of Lindsay Haselhurst as a non-executive director. Haselhurst previously held a number of senior roles at logistics giant Wincanton across UK and Europe, having more than 20 years of experience in operations and supply chain. She is currently chief operating…
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6 JulyOnline & Digital
Nestware Holdings acquires UK Flooring Direct
Keswick Flooring, a subsidiary of Nestware Holdings, has announced the acquisition of UK Flooring Direct (UKFD) for an undisclosed sum. Teneo Financial Advisory acted as the lead advisor on the sale of UKFD to Keswick Flooring. Founded in 2005, UKFD is one of the UK’s leading online retailers of real…
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5 JulyComment
Is AI retail’s friend or foe?
Generative AI is the latest buzzword to trend its way across the globe. Supercharged by the popularity of the ChatGPT tool released in November 2022, the world’s largest companies have all accelerated their development and adoption of AI into their products and services. It is clear, amidst the hype, that…
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