Poundland and Dealz owner Pepco had a good Christmas quarter compared to many in the UK and European retail sectors. But same-store sales still fell 2.1% due to pandemic-linked store closures. Reported revenue rose 9.1%.
Health & beauty retail giant Walgreens Boots Alliance has named Rosalind (Roz) Brewer as its new CEO, effective March 15. She’ll join the board too as she succeeds CEO Stefano Pessina, who’s becoming executive chairman.
Some consumers are finding it hard to stay at home. It seems footfall across all UK retail destinations rose last week, despite lockdown restrictions and the onset of winter weather in many parts of the country.
Retailers and brands have been including a lot more photos from real people on their social channels and websites in recent periods and it seems that this is a good move as a new study shows that shoppers like this.
It may be just a small crumb of comfort given the thousands of Arcadia staff whose jobs are under threat, but there's talk that if ASOS buys its brands, it could retain the Topshop flagship at Oxford Circus, London.
This won't come as a surprise to many people but 2020 was the year that annual footfall dropped to its lowest level ever recorded. It was down 39.1% in the UK as the pandemic changed the retail industry forever.