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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Sep- 2023 -8 SeptemberClothing & Shoes
Ann Summers plans expansion amid strong FY results
Ann Summers has seen its turnover rise by 7.4% to £100.1m in the year ended 25 June 2022, with plans to open more stores following the strong full-year results. In its latest Companies House filings, the group also reported that sales were up by 7.6% against the prior year, and…
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Jul- 2023 -21 JulyEconomy
Hot weather boosts June retail sales
June retail sales beat forecasts in June, rising 0.7% compared with predictions of 0.2%, as hot weather helped encourage shoppers. According to the latest data from the Office for National Statistics (ONS), non-food stores sales volumes rose by 1.0% in June 2023, following a fall of 0.5% in May 2023…
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13 JulyHigh Street
Poundland owner reports positive growth of 12.5% in Q3
Pepco Group, the owner of Poundland, has reported that third quarter revenues hit €1.37bn (£1.17bn), up by 12.5% year-on-year, with Poundland revenues up by 8.6% despite a “challenging” trading environment. Poundland delivered a particularly strong trading performance in Q3, driven by consumers prioritising spend on FMCG items, with like-for-like revenues…
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Jun- 2023 -28 JuneNews
UK retail rewards programmes influence £74.9 billion in consumer spending
As the cost of living crisis continues to bite, a new report by shopping rewards experts Webloyalty and economists Cebr has revealed the pressures both retailers and consumers face in 2023. With retailers tackling weaker margins and cost pressures and price conscious shoppers shifting their shopping habits as saving money…
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9 JuneHigh Street
Timpson FY profits beat expectations at £40m
Timpson Group has welcomed full-year profits of £40.7m in FY22, up from £24.5m the prior year, “way beyond” the group’s expectations as it benefited from the lifting of Covid restrictions. In the full-year ended 1 October 2022, its turnover also hit £297.4m, up from £212.2m the year before. The group…
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1 JuneSupermarkets
Government’s red tape driving up prices for food firms, warns Iceland
The government’s red tape and regulations are “driving up” costs for British food businesses, Iceland has warned. According to The Times, the company has warned of the cost burdens related to imposed restrictions on promoting foods that are high in fat, sugar and salt. It also said the proposed post-Brexit…
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May- 2023 -31 MaySupermarkets
Asda chair slams ‘clumsy’ food price cap plan
The chair of Asda and EG Group has criticised the government’s “clumsy” plan to introduce price caps on food staples. On a call to reporters, Lord Rose, who is also the former boss of Marks and Spencer, told outlets that “you can’t interfere in the markets” and warned of the…
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30 MaySupermarkets
Sunak considering plans to ask retailers to cap price of basic food items
Rishi Sunak is reportedly considering plans to ask retailers to cap prices on basic foods in an effort to reduce food inflation, The Sunday Telegraph reported. After a sharp increase in the cost of living brought on by the war in Ukraine, Sunak has urged the Treasury to find measures…
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24 MayFeatures
Will businesses survive after entering into administration?
Can you tell me about yourself? I am a chartered accountant and I lead the expanding retail and consumer goods sector, responsible for defining and implementing the Mazars strategy for our consumer clients. I’m also a consulting partner that brings insight and value to clients by directing our full suite…
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24 MayNews
Uniqlo permanently closes stores in Russia
Japanese retailer Uniqlo has recently announced it is leaving Russia after the suspension of its operations last year, Reuters has reported. In March 2022, after Russia embarked on a military operation in Ukraine, Uniqlo was one of the many international companies to interrupt operations in the country. In an official…
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