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- 2023 -5 JanuaryHigh Street
Greggs sales surge 23% in FY22
Greggs has announced that its FY22 sales were £1.5bn, an increase of 23.0% compared with the equivalent period in 2021 (£1.2bn). During the 52-week period, like-for-like sales in company-managed shops were 17.8% higher than sales seen in 2021, with fourth quarter like-for-like sales in company-managed shops growing by 18.2%. It…
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Dec- 2022 -20 DecemberSupermarkets
Morrisons to close 132 McColl’s stores
Morrisons has announced plans to close 132 McColl’s stores over the year as these stores have “no realistic prospect” of achieving a breakeven position in the medium term, putting around 1,300 McColl’s colleagues at risk of redundancy. Every affected colleague will be offered alternative employment at a nearby McColl’s store,…
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20 DecemberHigh Street
Shop prices surge to record highs
Shop Price annual inflation accelerated to 6.6% in October, up from 5.7% in September, according to the latest BRC and Nielsen tracker. This is above the three-month average rate of 5.5%, marking another record for shop price inflation since this index started in 2005. Food inflation accelerated strongly to 11.6%…
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19 DecemberDepartment Stores
Ikea UK profits fall by nearly a fifth despite £2.2bn in sales
Ikea UK has announced that its profits have fallen nearly a fifth to £49.6m, despite posting sales of £2.2bn for the full year ended 31 August 2022. The company’s total online sales grew to 36% compared to 19% in 2019. Consumers also returned to stores, with store visitation increasing by…
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15 DecemberClothing & Shoes
Asos appoints new non-executive director
Online retailer Asos has announced the appointment of Wei Gao as a non-executive director. Gao was previously COO at Hopin and brings over 16 years of ecommerce and data experience. He held senior roles at Amazon, including roles as vice president for Grocery Tech, Product and Supply Chain, and as…
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14 DecemberClothing & Shoes
Shein considers becoming online marketplace
Shein is reportedly considering becoming an online marketplace platform, in a move that would enable third-party merchants to sell directly to customers, according to a memo seen by The Wall Street Journal. The move would see the online retailer expand its business beyond selling its own brand apparel. According to…
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6 DecemberDIY
Victorian Plumbing revenues recover in H2
Victorian Plumbing has revealed its performance recovered in the second half of the year with revenues up 6% meaning its FY revenues came in ahead of expectations broadly flat at £269.4m (2021: £268.8m). For the 52-week period ended 30 September 2022, the bathroom retailer said its average order value was…
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2 DecemberAnalysis
A ‘fall from grace’: what went wrong with Made.com
Made.com was once a force to be reckoned with in the retail landscape. Having launched 12 years ago, the group had since enjoyed a rise to dizzying new heights. The company used sleek marketing to tap into its millennial customer base, and became one of the most popular destinations for…
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2 DecemberClothing & Shoes
Asos interim CFO to step down
Asos has announced that the interim chief financial officer, Katy Mecklenburgh, will step down from her role at the company for the CFO position at Softcat plc. It is reported that Mecklenburgh will continue in her current role at Asos for the next six months, which is the agreed terms…
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1 DecemberPeople Moves
Foot Locker reshuffles leadership as CFO steps down
New York-based athletic retailer Footlocker has announced the appointments of Frank Bracken and Elliott Rogers as chief commercial officer and chief operations officer respectively, as Andrew Page steps down from his role as chief financial officer. It is reported that Page will transition out of his role as CFO following…
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