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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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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28 JuneDIY
Hobbycraft revenues up 15% as online sales soar
Hobbycraft has welcomed a “robust” set of results in its latest financial year, as revenue rose by 14.8% to £203.1m, up from £176.9m in FY21. Its full-year adjusted EBITDA hit £15.0m, meanwhile, up from £13.8m in FY21 and £14.8m in FY20, before the pandemic. Overall, the group saw a total…
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23 JuneEconomy
Matalan FY revenues surpass £1b
Matalan has revealed its revenues for the 52-week period ending 26 February 2022 reached just over £1bn, up 38% from the £744.1m it achieved during the prior 12 months. It also reported EBITDA post adoption of IFRS16 of £197.8m, compared with £80.5m from the previous year. Also during the period,…
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21 JuneHigh Street
Savoir Beds announces new managing director
Savoir Beds has announced the appointment of Nicholas Alexandre as its new managing director, effective June 2022. Alexandre will succeed Alistair Hughes, who will share his time between Savoir and his re-wilding project in Wales, UK. As co-owner of Savoir, Hughes has been at the helm of the brand and…
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21 JuneEconomy
Quarter of UK retailers four weeks from collapse, survey finds
More than a quarter of UK retailers are just four weeks away from going bust due to supply chain issues, according to a Brightpearl survey. The results of the survey of 500 UK retailers, found that 85% of retailer businesses have been hit by supply chain issues in the last…
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21 JuneOnline & Digital
Gear4Music profit dips in FY22
Gear4Music has reported gross profits of £41.1m in FY22, 11% below its “exceptional”, Covid boosted results in FY21, but 32% ahead of its FY20 results. Its reported EBITDA was £11.2m during the period, 43% below FY21 yet 44% ahead of FY20, while active customers hit 0.92 million, 13% behind FY21…
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21 JunePeople Moves
Bensons for Beds appoints new CEO
Bensons for Beds has announced that its current chief commercial and digital officer, Nick Collard, will take over as CEO with immediate effect to “lead the company as it prepares for further growth”. Collard joined the company in July 2021 after holding board roles at Holland & Barrett International, DFS…
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20 JuneComment
Why customer experience excellence must extend into last mile delivery
The growth of e-commerce and the increasing consumer expectations that have come with it has changed the logistics industry. The moment a purchase is delivered to the doorstep is usually the first – and potentially the only – human interaction a customer has when shopping online. Arguably this makes the…
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17 JuneDIY
Ikea to sell Russian factories as it scales down operations
Ikea has announced that it will start the process of finding new ownership for all four of its factories in Russia, and will sell out its home furnishing inventory in the country, as Ikea enters a new phase to scale down business in Russia and Belarus. On 3 March, Ikea…
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