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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May- 2022 -5 MayEconomy
Consumers must brace for further price rises, BRC warns
The British Retail Consortium has warned that consumers can expect further rising prices as inflation continues to accelerate in the UK. It found that Shop Price annual inflation accelerated to 2.7% in April, up from 2.1% in March, which was above the 12- and six-month average price increases of 0.4%…
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Apr- 2022 -29 AprilNews
Amazon shares tumble amid first loss since 2015
Amazon shares have taken a 10% hit after reporting a net loss of $3.8bn (£3.02bn) in the first quarter ended 31 March 2022 (Q1), due to inflationary and supply chain pressures, marking its first loss since 2015. The net loss includes a pre-tax valuation loss of $7.6bn (£6.05bn), and Amazon’s…
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28 AprilNews
Sainsbury’s warns profits to be hit by ‘external pressures’
Sainsbury’s has warned that it expects lower profits for the coming year due to “external pressures” and “uncertainties” affecting consumers’ disposable incomes. According to its preliminary results for the 52 weeks to 5 March 2022, the retailer said it expects 2022/23 underlying profit before tax of between £630m and £690m,…
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27 AprilHigh Street
Coca Cola Q1 revenues hit £8.37bn
The Coca-Cola Company has reported its revenues surged 16% to $10.5bn (£8.37bn) in the three months ended 1 April 2022 (Q1 FY22), with 18% growth in organic revenues. Operating income also grew 25%, which included a six-point currency headwind, driven by “strong” organic revenue (non-GAAP) growth across all operating segments,…
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26 AprilNews
The pursuit of pop-ups
“Since reopening, retail sales have shown a ‘mixed bag’ of results. While the reopening of physical stores was unquestionably positive for the sector, there are still substantial operating costs associated with reopening which will be affecting retailer margins,” said the British estate agency, Savills. Savills made the comments as the…
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26 AprilClothing & Shoes
Primark to raise prices amid mounting inflationary pressures
Primark is implementing selective price increases across some of its autumn/winter stock amid inflationary pressures as the retailer’s owner, Associated British Foods plc (ABF), said the company is unable to offset all of the inflationary pressures with cost savings. In its latest trading update for the 24 weeks ended 5…
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21 AprilNews
Pepco Group H1 revenues surge 17.5%
Poundland owner Pepco Group has reported first half revenues of €2.3bn (£1.9bn), up 17.5% from the previous year, and has also vowed to protect prices for consumers in the face of the rising cost of living. According to its second trading quarter and first half ending 31 March 2021, the…
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19 AprilClothing & Shoes
Brunello Cucinelli sees revenues rise 16.7% in Q1
Brunello Cucinelli has announced its net revenues have risen 16.7% at constant exchange rates to €196.9m (£163.1m) in Q1 2022 compared to the first quarter of 2021. Compared to Q1 2019, the year preceding the start of the pandemic, growth is +22.8%, with the fashion retailer outlining “significant” double-digit increases…
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12 AprilHigh Street
Retail sales slow as consumer confidence wanes
Total sales increased by 3.1% in March, dropping below the three-month average growth of 6.9% and the 12-month average growth of 10.3% as customer confidence waned amidst the cost of living crisis, according to the latest BRC-KPMG sales monitor. UK retail sales decreased 0.4% on a like-for-like basis from March…
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5 AprilSupermarkets
CD&R begins £500m Morrisons property sale as it warns on profits
The new owner of Morrisons, Clayton Dubilier and Rice, has reportedly begun plans to sell a £500m property portfolio months after completing its £7bn takeover, after the grocer also warned its profits could be impacted by inflation and war in Ukraine. Morrisons has revealed it experienced a fall in earnings…
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