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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Apr- 2023 -24 AprilEconomy
Retail profit warnings fall to lowest level since 2020
UK-listed retailers issued five profit warnings in Q1 2023, marking a decrease from the nine issued in both Q4 2022 and Q1 2022, according to the latest data from EY. Despite representing the sector’s lowest quarterly total since Q4 2020, it said “persistent inflation, high interest rates and tightening consumer…
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18 AprilHealth & Beauty
Well Pharmacy acquires Lexon wholesaler
Bestway Group subsidiary Well Pharmacy has announced the acquisition of Lexon UK Holdings and Asurex Limited, pharmaceutical wholesalers for an undisclosed sum. Lexon is a family-owned business which has been in operation for over 25 years. It operates “primarily” as a pharmaceutical wholesaler serving 3,000 retail pharmacy customers across the…
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6 AprilPeople Moves
Asos appoints two non-executive directors
Asos has announced the appointments of Natasja Laheij and Jose Manuel Martinéz Gutiérrez as independent non-executive directors. Laheij is currently Google’s senior finance director for Google EMEA, chair of the board of Google Payments Ltd. and audit chair of Vandemoortele. She has more than 25 years of experience in international…
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5 AprilDIY
Topps Tiles revenues hit ‘record’ high in H1
Topps Tiles has welcomed a period of “record” revenues for the group in the first half of the year, with revenues of £130.5m, £11.3m or 9.5% higher than the prior year. Around £9m of its revenue growth in the period was attributed to the acquisition of Pro Tiler Tools and…
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5 AprilClothing & Shoes
Apparel Brands acquires streetwear label Nicce
Apparel Brands Ltd has acquired East London-based streetwear brand Nicce. It will take on the licence for Nicce clothing across wholesale and e-commerce. The streetwear brand said that with Apparel Brands support and guidance, Nicce will focus on “strengthening its wholesale business and accelerating e-commerce and international growth”. Meanwhile, following…
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3 AprilAnalysis
The current discourse surrounding John Lewis
Recent news of John Lewis’ plan to shake up its partnership model, which sees that staff are treated as shareholders, has received a number of very passionate responses. Andy Street, who was the John Lewis managing director from 2007 to 2016, went on record to say that, should the employee-owned…
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Mar- 2023 -31 MarchClothing & Shoes
Prada recruits 400 staff to boost production
Prada Group has announced its plans to recruit over 400 people by the end of 2023, to strengthen its production capacity and craftsmanship expertise in Italy. Prada said that the new hires would further reinforce the company’s “strong industrial strategy”. It also stated that the investment would guarantee “greater agility…
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30 MarchClothing & Shoes
H&M Q1 profit boosted by second-hand Sellpy platform
H&M has seen operating profit hit SEK 725m (£56.4m) in its first quarter of trading, up from SEK 458m (£35.6m) the prior year, boosted by the earnings of second-hand platform Sellpy. Sellpy, which is one of Europe’s largest second-hand platforms, has been consolidated into the group in the first quarter,…
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22 MarchDepartment Stores
Porcelain Superstore’s sales rise to £16m
Online tile retailer Porcelain Superstore has reported a rise in sales to £15.9m from £15m in 2021, recording its eighth consecutive year of growth despite supply chain issues. Sales for 2021 totaled £15m, more than doubling the £6.65m recorded during 2020. The amount in 2019 was £3,706,000, a significant rise…
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21 MarchNews
ScS reports ‘good strategic progress’ despite losses in H1
Furniture retailer ScS has reported making “good strategic progress” in the first half of the year, despite its loss before tax falling to £6.3m in the period, down from a loss of £3.6m the prior year. Nonetheless, its underlying loss before tax was £4.7m, down from a loss of £5.6m…
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