Covid-19

Superdrug revenues tumble 15% in FY20

Superdrug saw its group revenues decline 15% year-on-year to £1.11bn in FY20, despite being classed as an “essential retailer”. Profit…

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Morrisons CEO to discuss takeover with business secretary

The CEO of Morrisons is to meet with business secretary Kwasi Kwarteng next week to discuss the potential takeover of…

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Bira urges gov to support indie retailers closed by self-isolation

The British Independent Retailers Association (Bira) has urged the Government to issue more support for indie retailers that are forced…

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Retail sector valuations in the current climate

The current pandemic has caused widespread disruption to the retail sector, with many struggling to maintain a healthy cashflow and revenues and profits down…

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Sainsbury’s raises FY22 guidance amid rising sales

Sainsbury’s has raised its full-year guidance for the financial year ended March 2022, with its underlying profit-before-tax now expected to…

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Usdaw ‘slams’ lifting of restrictions in shops

Usdaw has “slammed” the government’s announcement that it plans to lift safety measures in stores once the final Covid restrictions…

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Bestway FY20 losses climb 32% to £8.2m

Bestway Group, the owner of Bargain Booze, Wine Rack, and Central Convenience, saw its FY20 losses climb over 32% year-on-year…

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Retailers call on PM to ‘support’ laws against retail violence

Some 100 of the UK’s “leading” retailers have written to the Prime Minister calling on him to support an amendment…

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