Barclays
This coverage examines Barclays’ activities and influence on the UK retail sector, with reporting on economic outlooks, lending practices, partnerships, and service initiatives that impact retailers. Tailored for retail executives, finance managers, and planners assessing banking relationships, credit availability, and broader financial trends affecting retail operations.
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Apr- 2021 -27 AprilHigh Street
Furniture Village appoints new board member
Furniture Village has announced the appointment of Mike Broughton, the group’s IT and business development director, to its board of directors. Broughton has held senior IT positions for global corporations across multiple sectors, with his career highlights including roles at William Hill, Asda Walmart, Dixons Carphone, FSA and Barclays Bank.…
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6 AprilPeople Moves
Waitrose names Emma Isaac as marketing head
Waitrose has announced the appointment of Emma Isaac as the group’s new head of brand marketing and marketing planning. Isaac’s most recent role was brand marketing director at NatWest Group, while she has also held a senior marketing position at Barclays. Commencing her career at British Airways, Isaac then formed…
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Mar- 2021 -18 MarchPeople Moves
Studio names new transformation director amid expansion plans
Online value retailer, Studio.co.uk has strengthened its senior team as it looks to increase its presence with the appointment of James Le Brocq to the role of transformation and operations director. Studio said Le Brocq brings with him a “wealth of business transformation experience” across financial services and retail sectors,…
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Feb- 2021 -18 FebruaryHealth & Beauty
US owners look to sell Lloyds Pharmacy
McKesson, Lloyds Pharmacy’s US-based owner, has reportedly hired bankers to explore the sale of its British operations. According to Sky News, the New York-listed group is working alongside Barclays to secure a sale of the high street drug retail and wholesale group among concerns of the industry’s financial viability. Operating…
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12 FebruarySupermarkets
Issa brothers junk bond sale raises £2.75bn
The Issa brothers, Asda’s billionaire buyers, have raised a record-breaking £2.75bn through a sterling junk bond, as investors continue to back the UK’s largest leveraged buyout in over a decade. Moshin and Zuber Issa, together with private equity firm TDR Capital, are set to acquire the supermarket chain for £6.8bn,…
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9 FebruaryNews
Consumer spending sees ‘sharpest’ fall at 16.3% in January
Consumer spending fell 16.3% in January, the “sharpest” decline since May 2020 which was attributed to the current lockdown restrictions and Covid-19 pandemic. The data was gathered from the Barclaycard report which combines hundreds of millions of customer transactions with consumer research to provide an in-depth view of UK spending.…
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Jan- 2021 -18 JanuaryClothing & Shoes
Dr. Martens to float on London Stock Exchange
Dr. Martens has announced its intention to float on the London Stock Exchange, with admission currently expected to occur in early February 2021. The shoe retailer has confirmed its plans to apply for admission of the company’s shares to the premium listing segment of the Official List of the FCA.…
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11 JanuaryClothing & Shoes
Buyer found for Edinburgh Woollen Mill
FRP Advisory, the administrator to clothing retailer Edinburgh Woollen Mill, has accepted a rescue offer that could save a number of jobs at the group. According to the Times, sale contracts have been issued to the potential buyer, who remains unnamed, although the deal is reportedly likely to save only…
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Oct- 2020 -23 OctoberEconomy
UK retail sales grow for fifth month in a row
Retail sales in the UK have risen for the fifth consecutive month, despite the introduction of the tiered lockdown system, according to the latest figures released by the ONS. Last month, overall growth in sales volume was up 5.5% compared with February’s pre-pandemic levels. In the three months to the…
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Aug- 2020 -27 AugustOnline & Digital
The Hut Group unveils £4.5bn IPO plan
Online retailer The Hut Group (THG) has confirmed its intention to launch a stock market flotation that values the company at around £4.5bn. The group plans to raise £920m through the sale which, according to Sky News, could lead to its founder Matthew Moulding receiving up to £700. It cites…
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