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.
-
Feb- 2023 -22 FebruaryGovernment
Fortnum & Mason chief urges Sunak to seal NI trade deal
Fortnum and Mason chief executive Tom Athron has reportedly urged Sunak to seal a deal with Brussels on post-Brexit trade rules for Northern Ireland. He told the Financial Times that the British government needed to “invest some time improving its relationship with the EU”, and agree post-Brexit trade rules for…
Read More » -
14 FebruaryOnline & Digital
Online sales growth slows to pre-pandemic levels
Online sales have slowed down to pre-pandemic levels, according to new analysis from the IMRG’s online retail index. The analysis attributed this to lockdowns, during which huge volumes of orders were made online. In 2019, growth for the total online market was up 5% year-on-year, while in 2020 it increased…
Read More » -
1 FebruaryHigh Street
H&M confirms regional UK store closures
Fast fashion retailer H&M has confirmed that it will be closing a number of stores across the UK in Burton, Hartlepool, Maidenhead and Newport on the Isle of Wight. The decision follows H&M Group’s financial results which indicated a 87% year-on-year fall in operating profit to £64.5m in the fourth…
Read More » -
Jan- 2023 -27 JanuaryClothing & Shoes
H&M net sales increase 12%
H&M has announced that its net sales for FY22 increased 12% to SEK 223bn (£176bn) for the year ended 30 November 2022. The increase was 6% in local currencies. Excluding Russia, Belarus and Ukraine the increase was 15% in SEK and 8% in local currencies. Results for the year were…
Read More » -
23 JanuaryHigh Street
Waterstones profits rise by £40m in FY22
Waterstones has seen its profit-before-tax rise to £42.1m in the year to April 2022, up from £2.9m the prior year and £19.7 in FY20, as customers returned to the high street. The bookseller also reported that full-year revenues soared 73% to £399.8m, as Covid-related restrictions came to an end. Although…
Read More » -
4 JanuaryEconomy
Food inflation hits record high of 13.3%
ood inflation accelerated to the highest inflation rate in the category on record, after jumping to 13.3% in December, up from 12.4% in November and above the three-month average rate of 12.5%, according to the latest figures from BRC and Nielsen. Fresh Food inflation accelerated in December to 15.0%, up…
Read More » -
Dec- 2022 -15 DecemberHigh Street
H&M full-year sales up 12% to £17.7bn
H&M has announced its provisional sales increased by 12% to £17.7bn, for the full-year period from 1 December 2021 to 30 November 2022. Excluding Russia, Belarus and Ukraine the increase was 15% in SEK and 8% in local currencies. Net sales in the fourth quarter period from 1 September 2022…
Read More » -
Nov- 2022 -30 NovemberDIY
Topps tiles announces second consecutive year of record revenue
Topps tiles has announced a second consecutive year of record revenues, as its gross revenues increased 8% to £247.2m. For the full-year period ended 1 October 2022, it confirmed that gross profit was up nearly 4% to £135.4m compared with £130.7m for 2021. Adjusted profit before tax was also up…
Read More » -
24 NovemberDepartment Stores
Mothercare appoints new CEO as profit and sales stall
Babywear retailer Mothercare has announced the appointment of Daniel Le Vesconte as group CEO as it revealed a period of tough trading for the half year up to September 2022. Le Vesconte will start his new role in the new year and brings with him a wealth of experience. He…
Read More » -
16 NovemberEconomy
Rising energy and food costs push inflation to 11.1%
Inflation has risen to a 41-year high of 11.1% in October, according to data from the Office for National Statistics (ONS). The inflation rate rose from 10.1% in September meaning it is now at its highest point since October 1981. The ONS has attributed this rise to increasing energy and…
Read More »
