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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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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20 DecemberEconomy
UK inflation falls to two-year low of 3.9%
UK inflation has fallen to 3.9% in the year to November, the lowest level seen in two years, according to new figures from the Office for National Statistics. The rate of inflation was lower than expected after falling from a rate of 4.6% in October, though the ONS said prices…
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Nov- 2023 -16 NovemberNews
Today’s news in brief-16/11/23
Mars has acquired Hotel Chocolat in a £534m deal, offering a 168% premium on the share price. Mars sees cultural alignment between the two companies, sharing values of quality, sustainability, and purpose. Hotel Chocolat’s directors deemed the deal “fair and reasonable.” Mars, with its international footprint and global supply chain,…
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16 NovemberSupermarkets
Iceland posts £17m full-year loss amid soaring energy prices
Iceland has fallen to a loss of £17.1m in its latest full-year results following a “wholly unprecedented” rise in global energy costs. It comes as the group saw a £93.6m rise in energy costs, which it attributed to the global surge in wholesale prices following Russia’s invasion of Ukraine. Nonetheless,…
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Oct- 2023 -26 OctoberNews
Fashion brand launched by Ukrainian refugee to open London pop-up
After launching her new fashion brand Nenya in Leeds in October last year, Ukrainian refugee Yana Smaglo is taking her latest fashion range to London with a pop-up shop. After launching in Yorkshire last year, the pop-up shop will be open to visit in London until 29th October, supported by…
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17 OctoberClothing & Shoes
Fred Perry reports record year as profits surge
British heritage brand Fred Perry has reported a “record year” as its profit before tax increased by 34% to £15.6m for the 12 months to 31 December 2022. Its revenues also increased by 20.8% year on year to £135.7m. Fred Perry said that 2022 saw a more stable year after…
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3 OctoberSupermarkets
Shop price inflation reaches lowest point in a year
Shop price annual inflation dropped to 6.2% in September, down from 6.9% in August, reaching its lowest point since September 2022, according to data from the British Retail Consortium (BRC). The BRC has put this decrease down to competition between retailers causing prices to drop. Non-food inflation eased to 4.4%…
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Sep- 2023 -29 SeptemberNews
Zalando appoints new VP of creative direction
Zalando has appointed Morten Grubak in the newly created role of vice president of creative direction Reporting to Anne Pascual, senior vice president of product design at Zalando, Grubak will start the role on 1 October. He will be responsible for setting the overarching creative direction for the Zalando brand,…
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22 SeptemberFeatures
The Golden Quarter: Perfect promotions through intelligent merchandising
The 100-day countdown to Christmas – a period which also includes key dates such as Halloween, Black Friday and Cyber Monday in quick succession – is the busiest period in the retail calendar, and unquestionably the most challenging. This year’s Golden Quarter will likely be one of the most difficult…
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15 SeptemberClothing & Shoes
H&M net sales edge up 6% in Q3
H&M has revealed that its net sales rose 6% to SEK 60bn (£4.3bn) for the three months ended 31 August 2023. Alongside this the company stated that its net sales were up 8% when excluding Russia, Belarus and Ukraine. However, in local currencies, the company stated that its net sales…
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