Arcadia
This coverage examines the rise and collapse of the Arcadia Group and its impact on the UK retail landscape. Reporting focuses on the company’s store portfolio, brand management (including Topshop, Burton, Dorothy Perkins, Miss Selfridge and more), pivotal business decisions, administration process, and asset sales. Insight is tailored for retail executives, managers, and advisers seeking lessons in legacy brand management, crisis response, and evolving high‑street dynamics.
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May- 2020 -21 MayPeople Moves
Ted Baker appoints ex-Topshop design exec as new creative director
Ted Baker has announced the appointment of former Topshop global design director, Anthony Cuthbertson, as its new global creative director (GCD). In his new role, Cuthbertson will be responsible for brand, product, store and creative direction strategy. He succeeds Michael Bastian, who will continue as creative director on an interim…
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Apr- 2020 -23 AprilCoronavirus Featured Content
The role of the physical store post-lockdown
The role of the physical store post-lockdown Retailers have been hit by an escalating “perfect storm” of issues recently – digital disruption, business rates increases, a weak Christmas peak, and now the Covid-19 virus. Businesses with greater debts, low cash reserves, and reduced margins were sadly always going to struggle,…
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21 AprilClothing & Shoes
Clothing and footwear market forecast to decline by £14bn
The UK clothing and footwear is anticipated to plummet in 2020, falling 26.1% versus 2019, a loss of around £14bn according to data analytics company GlobalData. The firm predicts that with clothing stores expected to gradually reopen in June, footfall will remain low as consumers will be “cautious” about visiting…
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9 AprilCoronavirus
Arcadia seeks £50m in funding
Sir Phillip Green is reportedly seeking out £50m to prop up Arcadia Group amid the ongoing coronavirus crisis. According to Sky News, Green’s retail empire has approached banks and hedge funds in regards to borrowing £50m against its distribution centre in Daventry, Northamptonshire. The site, which opened last year, functions…
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3 AprilClothing & Shoes
Arcadia bosses to face 50% pay cuts as 14,500 staff furloughed
Philip Green’s Arcadia Group has announced it has placed 14,500 members of staff on government furlough and has revealed its executive team will take a salary reduction of up to 50%. The group, which closed its stores around two weeks ago, said it “remains unclear” how long these closures will…
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Mar- 2020 -26 MarchClothing & Shoes
Arcadia ends fixed-term contracts early in view of Covid-19
Philip Green’s Arcadia Group has reportedly informed its employees that it will be ending fixed-term contracts early as a result of the coronavirus outbreak. In a letter seen by Drapers, the fashion retailer said that the retail industry has been “significantly impacted” by high levels of “consumer uncertainty” and as…
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Jan- 2020 -27 JanuaryHigh Street
10,000 retail jobs lost in 2020
Almost 10,000 retail jobs have been lost in 2020 amid a “torrid” start to the new year, according to the Centre for Retail Research. The research group revealed that 9,949 jobs have been lost in the first three weeks of 2020, amid store closures at Debenhams, GAME, HMV, Arcadia and…
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24 JanuaryComment
Why retailers need to take sonic branding seriously
Retail is undergoing something of a paradigm shift. This is a sector that faces unprecedented challenges as it adapts to the ever-changing shopping habits of consumers. Last week’s ONS data revealed that UK retail sales fell in December by 0.6%, making it the fifth consecutive month in which retail sales…
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3 JanuaryClothing & Shoes
Arcadia Group confirms Westfield Stratford Topshop closure
Arcadia group has confirmed its Topshop and Topman sites at London Westfield Stratford City will close, Drapers reports. The two-storey shop, which opened in September 201, is closing as its lease comes to an end. The closure is not part of the companies seven CVAs which were passed in June.…
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Nov- 2019 -29 NovemberShopping Centres
Intu drafts in PwC advisers
Intu properties has appointed PwC advisers to help the restructuring of its balance sheet. According to Sky News, the shopping centre has hired PricewaterhouseCoopers (PwC) to work alongside its existing City advisers. It is understood the appointment has taken place in the last few days ahead of the festive period.…
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