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December 8, 2020

Lockdown has given Studio room to grow

Studio Retail has been one of the beneficiaries of the Covid-19 pandemic, with a £39.3m rise in total revenue to £268m testament to its transformation to an online pureplay, value proposition and flexible credit options.

By GlobalData Retail

Studio Retail has been one of the beneficiaries of the Covid-19 pandemic, with a £39.3m rise in total revenue to £268m testament to its transformation to an online pureplay, value proposition and flexible credit options. Retail sales saw a significant boost of 38% versus last year, with its value offer increasingly attractive to shoppers due to greater consumer uncertainty from the financial impacts of the pandemic, and the retailer benefitting from the switch to online during the second lockdown. Product sales have also been protected by its wide product range, with sales of electricals and home items remaining more robust as apparel struggled.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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In light of these strong results, Studio announced that it is undertaking a strategic review to explore sale options after receiving a letter from shareholder Frasers Group which said it thought the group was ‘misunderstood by the market and as a consequence significantly undervalued’. This is after rejecting a takeover bid in April 2019 from Frasers, which enabled it to focus on its long-term aim of becoming a digital-first value retailer, the driver of its success during a tricky year for retail.

Improving its online infrastructure is vital for Studio’s long-term success, for instance it must introduce a faster delivery option as it currently only offers standard delivery, lagging behind market leaders such as Amazon, Next and ASOS. As a growing number of high street brands offer credit options, Studio must continue to invest in its delivery presence, mobile app (which it only launched in October 2019) and brand range to help it stand out from its competitors. It should also improve its social media presence to boost customer awareness among younger shoppers, including some of its more popular brands including In The Style and Nike.

Free Report
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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.