Ukraine
This coverage examines how events in Ukraine affect the UK retail sector, focusing on supply chain disruption, commodity prices, consumer sentiment, and corporate responses. Reporting highlights how retailers adapt operations and strategy to mitigate risks and navigate challenges arising from the conflict — offering insight for executives, managers, and professionals making decisions in a volatile global context.
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Apr- 2025 -9 April
Today’s news in brief-9/4/25
Boots UK reported a 1.6% sales increase in Q2, with comparable retail sales up 5.1% year-on-year across all categories. Pharmacy sales rose 5%, while online sales surged 19.5%, now accounting for over 20% of total retail sales. Parent company Walgreens Boots Alliance saw global Q2 sales grow 4.1% to $38.6bn…
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9 AprilLuxury Goods
Michael Kors UK FY revenues fall 20% amid lower demand
Michael Kors UK has seen a 20% reduction in its revenues during the year ended 30 March 2024, following the impact of low consumer confidence. While the brand’s filings at Companies House showed that its turnover decreased from £77.1m to £70.8m in the 12-month period, its pre-tax profits jumped from…
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Nov- 2024 -6 NovemberComment
How detrimental has Brexit been for UK retail?
Brexit. The term alone conjures layers of complexity for UK retailers as they try to adjust to the changing tides of regulations, consumer behaviours, and economic challenges. Retail is a dynamic industry, historically resilient but now forced to adapt faster than ever. In an engaging conversation, Alexander Otto and Richard…
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Oct- 2024 -1 OctoberNews
Sleepeezee pre-tax profits dip to £159k in FY23
Bed retailer Sleepeezee has reported a pre-tax profit of £159,261 for the year ended 31 December 2023. According to statements filed at Companies House, the business saw its turnover fall from £39m in 2022 to £38.7m. The bed manufacturer said that retail performance was impacted by rising interest rates and…
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Aug- 2024 -23 AugustClothing & Shoes
Fred Perry PBT jumps 11.5% to £18.5m
Fred Perry has revealed its profit-before-tax jumped 11.5% to £18.4m in the year ended 31 December 2023. In its most recent filings to Companies House, the clothing and sportswear retailer, founded by the eponymous Wimbledon champion, revealed its turnover also jumped 10% to £154.1m as its European and and International…
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Jul- 2024 -29 JulySupermarkets
Iceland posts record profits as £1 range proves popular
Iceland has reportedly posted record profits for the full-year as it managed to control its energy bills and its revamped £1 value range proved popular among squeezed customers. Its underlying profits rose 24% to £315.7m in the year ended 29 March, and its sales nudged up 6.6% to £4.2bn, the…
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26 JulyDIY
Wayfair UK profits dip in FY23 despite cutting workforce by third
The UK arm of Wayfair has seen profits dip in its full-year results, despite cost-cutting plans that included reducing its workforce, newly filed documents have shown.In the year ended 31 December 2023, profit-before-tax fell by 3% to £2.64m, down from £2.73m the prior year. In addition, sales fell by 17%…
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Feb- 2024 -20 FebruarySupermarkets
Moody’s ‘cautiously optimistic’ over Iceland’s future despite weak results
Moody’s has said it is “cautiously optimistic” over Iceland Foods’ financial future and prospects of tackling its bond debt, despite the group reporting “weaker” than expected results. According to The Grocer, Moody’s statement, which covers results published to bond holders by Iceland VLNCo, gave an insight into the company’s leverage…
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Jan- 2024 -4 JanuaryNews
Today’s news in brief-4/1/24
UK retail footfall rose by 6.1% in December driven by a festive shopping surge. Shopping centres led with an 11.1% increase, followed by retail parks (5.9%) and high streets (3.7%). Compared to 2022, footfall edged up by 0.2%, primarily in high streets (+1.2%). However, shopping centres saw a decline of…
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4 JanuaryLuxury Goods
Barbour FY23 profits fall despite healthy sales rise
Barbour has revealed that operating profits fell 15% to £34.3m for the year ended 30 April 2023, despite seeing sales increase by 20% year-on-year to £343m during the period. The retailer attributed the dent in its operating profits to “intense cost pressures” on the business. In February 2023, the luxury…
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