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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Mar- 2022 -24 MarchEconomy
Retail industry responds to ‘underwhelming’ Spring Statement
Both Bira and CBI have expressed disappointment in the chancellor’s Spring Statement, with Bira having declared it is “underwhelmed with the offerings for independent businesses”. In his speech yesterday, Rishi Sunak outlined a series of measures to help combat the rising cost of living in his latest spring statement, including…
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23 MarchClothing & Shoes
Nike Q3 revenues hit $10.9bn as traffic returns
Nike, Inc. has reported its revenues rose 5% year-on-year from $10.35bn (£7.83bn) to $10.9bn (£8.24bn) in the third quarter (Q3) of FY22, following the “steady normalisation” of traffic in owned physical retail, with Nike owned stores up 14%. Revenues for the Nike Brand were up 8% year-on-year to $10.3bn (£7.79bn),…
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22 MarchDIY
ScS posts a £3.6m loss amid supply chain disruptions
Home furnishings retailer ScS has reported a loss before tax of £3.6m during the 26 weeks ended 29 January 2022, as supply chain disruption impacted sales and revenues. ScS reported a 16% drop in revenues to £145.9m compared with FY21 and a 4% drop in comparison with H1 2020. Despite…
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22 MarchDIY
Kingfisher hails ‘record’ year as profits surge 20.9%
Kingfisher has reported “record” revenue and profits for the year ending 31 January 2022 as adjusted pre-tax profits surged 20.9% year-on-year from £786m to £949m, reflecting higher retail profit and lower net finance costs. Total sales are up 9.9% to £13.18bn compared to £12.34m last year, and operating profit increased…
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18 MarchClothing & Shoes
Sycamore Partners eyes Ted Baker takeover bid
American private equity firm Sycamore Partners is reportedly considering a takeover bid for Ted Baker, according to Sky News. The outlet reports that Sycamore has appointed advisers Numis to help it evaluate a potential offer, with one source cited claiming it was considering approaching the board of the british fashion…
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17 MarchComment
Embracing trends to keep retail supply chains moving
Although it’s increasingly challenging to predict the full impact of global events on supply chains, one of the most influential factors affecting the movement of goods is consumer trends and how changing behaviours can alter retail operations. With the right data and strategy, it’s possible to get an accurate view…
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17 MarchEconomy
BoE raises interest rates to 0.75%
The Bank of England has raised interest rates back to the pre-pandemic level of 0.75% as it tries to mitigate the effect of the rising costs of living and the impact that the conflict in Ukraine is having on the global economy. The Monetary Policy Committee (MPC) voted with a…
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17 MarchEconomy
Retail insolvencies surge 21% amid supply chain issues
Data recently released by the Insolvency Service has shown that insolvencies amongst retailers businesses have surged in the past year as the UK’s supply chain problems continue to worsen. In the past 12 months, insolvencies of UK retailers have risen 21% from 827 in 2020/21 to 997 in 2021/22. Problems…
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15 MarchNews
DFS revenues up 17.4% to £561.1m
DFS has announced its revenue increased by 17.4% on the pre-pandemic two-year comparator to £561.1m, during the 26 week-period ended 26 December 2021. The firm said this demonstrates “success in strategy” to offset and pass-through inflationary pressures. According to the firm, the scale of its business has widened as it…
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14 MarchAdvice
Technology is retail’s best bet to go greener in 2022
The CMA’s Green Claims Code is now in full operation, with the sole objective of clamping down on empty ethical pledges. And to be fair, retail is rolling up its sleeves, disrupting supply chains, store layouts and materials, and even revamping consumer messaging to make a difference. But of course,…
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