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 โ offering insight for executives, managers, and professionals making decisions in a volatile global context.
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Apr- 2025 -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.ย While the brandโs filings at Companies House showed that its turnover decreased from ยฃ77.1m to ยฃ70.8m 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 ยฃ159k in FY23
Bed retailer Sleepeezee has reported a pre-tax profit of ยฃ159,261 for the year ended 31 December 2023.ย According to statements filed at Companies House, the business saw its turnover fall from ยฃ39m in 2022 to ยฃ38.7m.ย 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 ยฃ18.5m
Fred Perry has revealed its profit-before-tax jumped 11.5% to ยฃ18.4m 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 ยฃ154.1m as its European and and International…
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Jul- 2024 -29 JulySupermarkets
Iceland posts record profits as ยฃ1 range proves popular
Iceland has reportedly posted record profits for the full-year as it managed to control its energy bills and its revamped ยฃ1 value range proved popular among squeezed customers. Its underlying profits rose 24% to ยฃ315.7m in the year ended 29 March, and its sales nudged up 6.6% to ยฃ4.2bn, 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 ยฃ2.64m, down from ยฃ2.73m the prior year. In addition, sales fell by 17%…
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Feb- 2024 -20 FebruarySupermarkets
Moodyโs โcautiously optimisticโ over Icelandโs future despite weak results
Moodyโs has said it is โcautiously optimisticโ over Iceland Foodsโ financial future and prospects of tackling its bond debt, despite the group reporting โweakerโ than expected results. According to The Grocer, Moodyโs statement, which covers results published to bond holders by Iceland VLNCo, gave an insight into the companyโs 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 ยฃ34.3m for the year ended 30 April 2023, despite seeing sales increase by 20% year-on-year to ยฃ343m during the period. The retailer attributed the dent in its operating profits to โintense cost pressuresโ on the business. In February 2023, the luxury…
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Dec- 2023 -20 DecemberNews
Today’s news in brief-20/12/23
New figures from the Office for National Statistics (ONS) reveal that UK inflation has decreased to 3.9% in the year to November, marking a two-year low. The rate fell from 4.6% in October, below expectations. The ONS attributes this decline to factors such as lower fuel prices, reduced prices for…
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