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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Dec- 2021 -21 DecemberCoronavirus
Sunak unveils £1bn support package for Omicron-hit businesses
Chancellor Rishi Sunak has announced a further £1bn support package for businesses impacted by the new Omicron variant. As part of the support, businesses in the hospitality and leisure sectors in England will be eligible for one-off grants of up to £6,000 per premises. There will also be more than…
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21 DecemberNews
Missguided secures ‘significant’ investment
Missguided has announced it has secured a “significant” investment deal with London-based investors, Alteri. It revealed Alteri’s investment, comprising both debt and the acquisition of 50% of the group’s equity, will provide the business with the liquidity and support it needs to overcome short-term supply chain challenges, as well as…
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21 DecemberClothing & Shoes
Nike revenues remain flat in Q2
Nike has announced that revenues in its second quarter rose by 1% to $11.4bn (£8.6bn), remaining flat as it continued to manage the ongoing impact of supply chain challenges across the global marketplace. Revenues in Greater China and APLA declined, however, largely due to lower levels of available inventory resulting…
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20 DecemberSupermarkets
M&S links £850m loan to net zero goals
Marks and Spencer will accelerate its sustainability initiatives after securing funding through a new £850m revolving credit facility that is linked to its Plan A net zero targets. Under the terms of its new credit facility, M&S will reportedly benefit from a lower interest rate if it delivers targets aligned…
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17 DecemberEconomy
November retail sales rise by 1.4%, ONS reveals
Retail sales volumes rose by 1.4% in November 2021, and were 7.2% higher than pre-Covid levels in February 2020, according to the latest Office of National Statistics (ONS) data. Non-food stores sales volumes rose by 2% during the period due to growth in clothing stores (2.9%) and other non-food stores…
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17 DecemberComment
Why 2022 will be a defining year for UK retail
Retailers are coming out of what has been another challenging year but are undoubtedly now optimistic and looking forward to a prosperous festive season. Early reports paint a positive picture with ONS data showing an 0.8% rise in total sales volume in October, and GfK revealing that consumer confidence is…
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15 DecemberElectrical
Currys H1 profits hit £48m despite supply issues
Currys has reported that pre-tax profits hit £48m for the six-month period ending 30 October 2021, up from £45m reported the prior year. Despite the profit growth, revenue slowed to £2.5bn, down from £2.6bn the previous year, as the retailer continued to be impacted by supply chain issues. The group…
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15 DecemberClothing & Shoes
In The Style profit halves amid supply chain issues
In The Style has seen its profit halve in the six months ended 30 September 2021, falling by 51.3% as the group was hit by supply chain issues over the period. However, the group said there was “impressive growth” against the “exceptional” prior period, and saw revenue rise by 38.8%…
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14 DecemberClothing & Shoes
Joules lowers H1 profit guidance amid global supply issues
Retailer Joules expects to report lower pre-tax profits for the 26-week period ending 28 November ranging from £2m to £2.5m, compared with last year’s result of £3.7m. The lower profit expectation was attributed to the “well-documented” global supply chain issues which have resulted in some higher costs and stock delays…
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13 DecemberDepartment Stores
Frasers Group launches £70m share buyback
Frasers Group has announced that it intends to launch a new share buyback scheme for a purchase price “no greater” than £70m. The buyback programme is set to begin today (13 December) and end “up to and including” the last trading day prior to its financial year end on 24…
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