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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Oct- 2021 -20 OctoberNews
Matalan revenues up 2.6% despite supply chain issues
Matalan has revealed its revenues increased by 2.6% to £264.7m during the 13-week period ending 28 August 2021. The retailer reported revenue in the second quarter of £264.7m, up from £258m year on year, with pre-tax profits of £11m up from a loss of £24m for the same period of…
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19 OctoberAdvice
Certainty exceeds discounts in 2021 peak trading
Global supply chain disruption could not have come at a worse time for UK retailers desperate to maximise the potential of an ever growing online customer base during peak trading season. But with costs spiralling and many products unlikely to arrive in the country in time for Christmas, let alone…
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19 OctoberSupermarkets
Rising energy and fuel costs hits supermarket sales
Total Till grocery sales slowed to -0.7% in the last four weeks ending 9 October 2021, as UK shoppers begin to rebalance their spending habits amid growing concerns around rising energy and fuel costs, according to new data released by NielsenIQ. During the period, UK shoppers spent £11.8bn on groceries,…
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18 OctoberSupermarkets
Tesco commences £500m share buyback
Tesco has announced that it has entered into an arrangement with Citigroup Global Markets Limited to repurchase a total of £500m shares on behalf of the company. The supermarket chain claimed that the shares will be bought back in its entirety no later than October 2022. The grocer had previously…
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15 OctoberHigh Street
September online retail sales drop by 12.5% YOY, data warns
Online retail sales fell back 12.5% year-on-year in September, according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers. The drop was driven by poor sales in the first week of the month which typically would have fared better through the…
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14 OctoberHigh Street
Over 40 employee groups pen letter urging Sunak to cut business rates
The CBI, along with 41 trade associations spanning the UK economy, have issued a joint statement urging the chancellor Rishi Sunak to reform the business rates system and “unleash a wave of business investment across key government priorities, including net zero and levelling up”. The joint statement from businesses is…
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13 OctoberNews
Gear4music sales hit by post-Brexit challenges
Gear4music has revealed its total sales fell 8% year-on-year to £64.7mn in the six months to 30 September due to EU sales falling 16% after “post-brexit challenges”. According to Gear4music, UK sales remain “robust” at £36.7mn, the same as the year previous. Meanwhile, the brand revealed gross profit fell down…
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13 OctoberClothing & Shoes
Shoe Zone revenues fall to £119m in FY21
Shoe Zone has announced that group revenue dropped slightly to £119.1m in the full-year ending 2 October 2021, down from £122.6m in 2020 and £162m in 2019. This decline was largely attributed to the effects of the pandemic, which saw its store estate closed for 16 weeks in the first…
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11 OctoberGovernment
PM appoints ex-Tesco CEO Dave Lewis as supply chain adviser
The prime minister has appointed Sir David Lewis, former CEO of Tesco, as the UK Government’s supply chain adviser. The government said Lewis brings with him a “wealth of industry knowledge” and expertise to the new role. He will advise the PM and chancellor of the Duchy of Lancaster on…
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11 OctoberClothing & Shoes
Asos CEO steps down amid profit warning
Asos has announced that Nick Beighton will step down as CEO of the business after 12 years, as the group warned that ongoing supply chain issues may hit its profit in FY22. In a series of changes to the board, Mat Dunn, currently CFO, will take on the additional role…
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