Year: 2019
-
Jul- 2019 -2 JulyAnalysis
Who will lead the high street resurrection?
We may never know what Nietzsche thought of the UK retail sector. However, with today’s troubles, there is a good chance that he may well have felt the need to update his famous quote; ”the high street is dead… and we have killed it.” Walk down any UK high street…
Read More » -
2 JulyClothing & Shoes
Office appoints advisers amid CVA rumours
Footwear retailer Office has appointed advisers as it considers a potential restructuring of the business. According to Sky News, Office has appointed advisory firm Alvarez & Marsal (A&M) to help plan for a possible Company Voluntary Agreement (CVA) that could see the closure of around 100 UK stores. However sources…
Read More » -
2 JulyAdvice
How online marketplaces are driving secondary market growth
Returned and excess stock is a problem for every retailer: in the UK alone £60bn of stock is returned each year. Whether a global retailer or a smaller specialty shop, most companies undervalue their returned and excess stock by 30-80%. Worse, when it comes to damaged or obsolete goods, a…
Read More » -
2 JulyPeople Moves
Hammerson appoints UK and Ireland operations director
Shopping centre owner Hammerson has appointed Howard Ebison as its new operations director. Ebison will drive the operational performance of its flagship destinations across the UK and Ireland, overseeing the delivery of “excellent” consumer experiences, and creating “commercially compelling” venues for Hammerson’s brand partners. According to the group, he has…
Read More » -
2 JulyHigh Street
Lendlease to launch retail development at Elephant Park
Project management company Lendlease has announced plans for a retail and restaurant development at Elephant Park in south London. The 16 units total 37,000 sq ft and are in two areas, Ash Avenue and New Kent Road and Chatteris Quarter. Ash Avenue will focus mainly on restaurants, backing onto a…
Read More » -
2 JulyClothing & Shoes
Bonmarché managers sell stakes to Philip Day
Bonmarché CEO Helen Connolly, CFO Stephen Alldridge and non-executive director Ishbel Macpherson have sold their shares in the company to Spectre Holdings – an entity owned by Philip Day – despite telling shareholders to not accept his takeover bid in May. Yesterday (Monday 1 July), Connolly sold 42,542 shares to…
Read More » -
1 JulyAdvice
Retail doesn’t need a level playing field, it needs nurtured players
Barely a day goes by without another news story about a high street name in trouble. There’s no doubt that the Great British High Street is undergoing a tumultuous period. But there’s still a lot of debate about what precisely underlying cause of these issues are. Much has been made…
Read More » -
1 JulyClothing & Shoes
Poor trading leaves Jack Wills facing ‘cash crunch’
Fashion retailer Jack Wills is reportedly facing a “cash crunch” after a period of poor trading this spring. According to The Times, Jack Wills is rapidly going through the £28m of cash injections arranged by its equity firm owner BlueGem, with sources saying trading has “fell off a cliff”. BlueGem,…
Read More » -
1 JulyEconomy
Retailers see fastest drop in sales since financial crisis, says CBI
Retail sales volumes fell at its fastest pace since March 2009 in the year to June, according to new research from business organisation firm CBI. The survey of 88 firms found that 58% of retailers said sales were down compared with June last year. Within the retail sector, grocers were…
Read More » -
1 JulyHigh Street
Boots confirms closures of 200 stores
Health and beauty retailer Boots has confirmed it is set to close 200 stores in the UK, after receiving confirmation from its parent company Walgreens Boots Alliance. The store closures will affect underperforming stores, in “walking distance” of other Boots locations and will represent 8% of the retailer’s UK stores…
Read More »
