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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Oct- 2022 -27 OctoberNews
Passenger named one of the UK’s fastest growing online companies
Outdoor clothing brand Passenger is gearing up for global expansion as it named one of the UK’s fastest growing online companies. The New Forest company – which plants a tree for every order sold – has seen sales more than quadruple from 2019 to £11 million in 2021 as, driven…
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7 OctoberClothing & Shoes
Superdry swings to profit but ‘cautious’ on near future
Superdry has returned to profitability as pre-tax profits surged to £21.9m in the 53 weeks ended 30 April 2022 (FY22), compared with a loss of £12.6m in FY21. However, the company said it remains “cautious” about the near future amid a “challenging” macroeconomic environment, high levels of inflation, and the…
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5 OctoberNews
Home brewing beer brand Pinter tops list of the UK’s fastest growing online companies
Home brewing beer brand Pinter has topped a new list of the UK’s fastest growing online companies. Pinter, based in Walthamstow, London, has grown sales by more than sixfold (626%) to almost £6 million as beer lovers save money in the cost of living crisis by serving perfect pints they…
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Sep- 2022 -29 SeptemberEconomy
Food inflation rises to a ‘record’ 10.6% in September
Food inflation has grown to 10.6% in September 2022, up from 9.3% in August, which is above the three-month average rate of 9.1% and marks the highest rate of inflation in the food category on record, according to the British Retail Consortium (BRC) Nielsen IQ index. Fresh food inflation also…
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29 SeptemberHigh Street
H&M profits hit by Russian exit
H&M has announced pre-tax profits of SEK 689m (£56.5m), down from SEK 6.09bn (£220m) a year prior, in the group’s fiscal third quarter from 1 December 2021 to 31 August 2022. It said its results were impacted by a one-time cost of SEK 2.1bn (£76.1m), related to the winding down…
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29 SeptemberSupermarkets
Morrisons profits halve in Q3 as inflation pressures hit
Morrisons has seen its profits halve in its latest quarter, falling from £356m to £177m, with the group warning that consumer sentiment continues to be “very subdued”. Despite total revenue rising by 4.5% to £4.8bn in the quarter ended 31 July, 2022, the group’s profit was hit by record inflation,…
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27 SeptemberPeople Moves
Boots former exec Gourlay in talks to join Holland & Barrett owner LetterOne
A former executive at the owner of Boots, Alex Gourlay, is reportedly in discussions to join the board of LetterOne, the Russia-linked vehicle which owns Holland and Barrett, according to Sky News. Gourlay stepped down as co-chief operating officer of Walgreens Boots Alliance earlier this year, and is in advanced…
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26 SeptemberAnalysis
Made.com for sale: what went wrong?
Made.com has officially put itself up for sale amid fears the business will be unable to raise fresh equity due to plummeting consumer confidence in the UK and supply chain disruptions. The online furniture retailer revealed plans to implement additional cost reductions, such a strategic headcount review, which is set…
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23 SeptemberOnline & Digital
Made.com to shed workforce amid plans for company sale
Made.com could reportedly cut over a third of its headcount alongside plans to explore a potential sale of the group, as part of a board decision to conduct a formal review of the business amid “continued uncertainty” and challenging trade. In order to reduce costs amid the current trading environment,…
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23 SeptemberHealth & Beauty
Revolution Beauty to undergo investigation into audit failures
Revolution Beauty has said it will undergo an audit investigation after its failure to complete its auditing quickly enough, as it warns over its full-year profits. The multi-channel mass beauty brand provider previously announced on 2 August that the company will now report its final results for the year ended…
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