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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Jul- 2022 -21 JulyNews
Frasers Group swings to profit but warns of economic headwinds
Frasers Group has reported a “record-breaking” year with pre-tax profits surging to £344.8m in FY22, up from a loss of £39.9m in FY21, despite “significant” economic headwinds and challenges across the sector. Group revenues also increased 30.9% year-on-year from £3.62bn to £4.74bn, as the company recovers from Covid-19. However, Frasers…
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20 JulySupermarkets
Supermarket sales see minor rise amid rising inflation
Supermarket sales rose by 0.1% in the 12 weeks to 10 July 2022 despite grocery inflation rising another 1.6%, according to the latest take-home grocery figures from Kantar. This is the first time the market has registered growth since April 2021. Supply chain issues have driven costs up across the…
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19 JulyComment
Five ways IoT is transforming bricks and mortar retail
When it comes to retail, the Internet of Things (IoT) continues to move centre stage, and not without good reason. It helps businesses understand their audiences better, deliver more meaningful experiences and reduce costs. Yet many people don’t realise that IoT made its debut in retail more than 20 years…
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19 JulyDIY
Made.com issues FY profit warning amid ‘volatile’ trading
Made.com has issued a profit warning for FY22 as recent trading has been “volatile” amid worsening consumer confidence, which has in turn impacted demand for big-ticket purchases. According to the retailer, the dip in consumer confidence has made new customer acquisition at financially attractive rates “challenging”, while gross sales for…
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18 JulySupermarkets
Fever-Tree profits ‘worsened’ by cost of headwinds
Fever-Tree has revealed that it anticipates gross margins of around 37% and an EBITDA margin of around 14% for the first half due to the reported impact of logistics and cost of headwinds having “worsened” in recent months. The business expects this to continue to impact the business during the…
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15 JulyOnline & Digital
Amazon to create 4,000 UK jobs
Amazon has pledged to create more than 4,000 new permanent jobs in the UK this year, bringing its total UK workforce to 75,000. According to the group, the new roles will be spread across the UK and will include roles at its new fulfilment centres in Wakefield and Knowsley. Among…
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6 JulyDIY
Travis Perkins reports progress towards decarbonisation targets
Travis Perkins has announced that it is making good progress towards the ambitious Science Based Targets initiative (SBTi), a set of accredited carbon targets. The company first announced its participation in the initiative last year. It is reported that the group’s implementation of carbon data reporting, introduction of alternative fuel…
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5 JulyEconomy
Customer complaints costing UK retail more than £9bn
Customer complaints have reached an all-time high which has cost businesses more than £9.24bn a month in staff hours, according to the Institute of Customer Service. The Institute of Customer Service’s Customer Satisfaction Index (UKCSI) revealed that 17.3% of UK customers have experienced a product or service problem, the highest…
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Jun- 2022 -29 JuneEconomy
Shop price inflation hits highest level since 2008
Shop price annual inflation increased to 3.1% in June 2022, up from 2.8% in May, marking the highest rate of inflation since September 2008, according to the British Retail Consortium (BRC). Food inflation also rose to 5.6% in June, up from 4.3% in May. This marks the highest inflation rate…
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29 JuneHigh Street
H&M Group profits surge amid high street resurgence
H&M Group has revealed its gross profits increased by 52.2% to £4.36bn in the six months to 31 May. Profits after tax increased by 33% to £390m in the second quarter, on the back of a 17% rise in sales to £4.47bn, excluding Russia, Belarus and Ukraine sales. Net sales…
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