All Covid-19 articles – Page 7
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NewsClarks slumps to record losses due to Covid-19 restrictions
Footwear specialist Clarks has slumped to record losses in its more recent full-year results due to coronavirus restrictions and store closures.
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DataData: Consumer confidence drops for third month in a row
October marked the third month in a row that consumer confidence fell as consumers faced ongoing fuel and food shortages and rising inflation, as well as a growing number of Covid-19 cases.
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NewsDeliveroo sales soar despite hospitality reopening
Deliveroo reported a surge in orders across the UK and Ireland, and a doubling of Plus members through its Amazon Prime tie-up, despite the reopening of hospitality.
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NewsMatalan sales improve despite supply chain issues
Matalan has reported improved sales despite the retailer admitting it was “feeling the impact” of the ongoing supply chain issues.
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News£100 contactless payment limit rolls out across UK
The spending limit on contactless payments has been increased to £100 from today, though some retailers have warned it could take months to update terminals.
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NewsCarbon dioxide supply deal to increase pressure on food prices
The government has extended a deal to avert a fresh carbon dioxide crisis, but experts have warned it will ratchet up the pressure on food prices for consumers.
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NewsFormer Tesco boss Dave Lewis picked as supply chain tsar by Johnson
Former Tesco chief executive Sir Dave Lewis has been hand-picked by Boris Johnson to be the government’s new supply chain adviser.
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AnalysisAnalysis: Why Ken Murphy believes Tesco will thrive in its ‘next chapter’
Alongside a bumper set of results, Tesco boss Ken Murphy set out his stall for post-pandemic growth. Retail Week analyses his new strategic priorities.
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NewsScS back in the black after ‘strong recovery’ from the pandemic
Furniture and flooring specialist ScS has hailed a “strong year of recovery” after returning to profitability and reporting soaring sales.
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NewsHotel Chocolat reports soaring sales as online strategy pays off
Hotel Chocolat has reported profit before tax ahead of market expectations and rising sales as its online capital investment strategy helped insulate it from rolling store closures.
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NewsGreggs upgrades profit expectations as sales jump
Food-to-go specialist Greggs has upgraded its full-year outcome as both in-store and online sales jumped in the third quarter despite ongoing supply chain issues.
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AnalysisThree ways retailers are fixing weak links in their supply chains
Amid ongoing turbulence – from driver and CO2 shortages through to Brexit-based delays – Retail Week’s latest report brings optimism for retailers that smoother, more efficient and robust supply chains can be created
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AnalysisAnalysis: The solutions retailers are putting in place to navigate the supply chain crisis
A shortage of HGV drivers, increased Brexit red tape, not enough warehouse staff, high freight costs and a shortage of food-grade CO2. It feels that, from week to week, the supply chain issues facing UK retail have only piled up further, posing big questions for the industry.
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NewsH&M profits inch up as pandemic store closures drag on performance
Swedish fashion giant H&M has reported growth in both revenues and profits – but it flagged that international coronavirus restrictions continued to slow its growth.
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NewsBoohoo revenues rise but profits fall as market share in UK and US doubles
Fast-fashion giant Boohoo has seen its profits and sales soar compared to pre-pandemic levels, as its market share in both the UK and the US doubled.
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NewsQuiz losses deepen as sales plummet due to pandemic store closures
Fashion retailer Quiz has reported deepening losses as rolling store closures due to pandemic restrictions hammered its revenues.
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NewsNext upgrades outlook as profits and sales soar beyond pre-pandemic levels
Next has reported significant increases in both full-price sales and profit before tax compared with 2019 levels and has upgraded its full-year profit guidance.
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DataData: Shop price inflation looms as supply chain crisis worsens
While shop prices fell in September, the rate of decline slowed following an increase in pressures from transport and commodity costs and labour shortages.
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OpinionTheo Paphitis: ‘Physical vs online is not the conversation any more – next stop, hybrid retailing’
There’s no doubt about it, the world has moved on and as we make it through to the other side there’s a new dawn for retail.
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NewsAldi boss promises ‘business as usual’ at Christmas despite driver shortage
Aldi boss Giles Hurley has promised customers it will be “business as usual” over the festive period despite the ongoing squeeze on supply chains being caused by the chronic lack of HGV drivers.