PWC
This coverage examines PwC’s analysis and advisory work within the UK retail sector. Reporting focuses on insights from PwC’s Retail Outlook 2025, which addresses margin pressures, cost headwinds, and consumer sentiment trends. Coverage includes PwC’s commentary on retail sales figures, store openings and closures, and the impact of economic policies on retail operations. These insights are tailored for retail executives, financial planners, and professionals seeking data-driven perspectives on retail strategy and performance.
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Aug- 2025 -29 AugustPeople Moves
Frasers Group appoints Sir Jon Thompson as new chair
Frasers Group has appointed Sir Jon Thompson as its new chair, succeeding David Daly, who will step down at the company’s annual general meeting on 24 September after eight years on the board. Thompson joined the retailer as a non-executive director in June 2024. A former chief executive of the…
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29 AugustClothing & Shoes
Frasers appoints new chair and nears NED appointment
Frasers has announced the appointment of Sir Jon Thompson as its new chair, replacing David Daly who steps down after eight years in the role. The company is also close to appointing Andy Lyon as non-executive director to the board and expects to make a further announcement in due course…
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21 AugustFeatures
River Island’s predicament: High Court rescue buys time, not certainty
River Island has won a crucial lifeline after a High Court judge sanctioned its restructuring plan, allowing the embattled fashion retailer to push ahead with sweeping store closures, deep rent cuts, and a debt write-off. The ruling came just days before the company warned it would run out of money…
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Jul- 2025 -24 JulyClothing & Shoes
River Island at risk of collapse without creditor support
River Island is reportedly at risk of collapse within weeks unless landlords and creditors approve a major rescue plan, according to the Telegraph. The retailer has proposed a restructuring strategy that includes closing 33 stores, reducing rents on 71 more, and writing off debts to avoid a cash crisis. If…
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Jun- 2025 -23 JuneClothing & Shoes
River Island to shut 33 stores with hundreds of jobs at risk
River Island is reportedly planning to shutter 33 shops as part of a restructuring plan that would see hundreds of jobs at risk, Sky News has reported. The family-owned group, which currently operates around 230 stores, confirmed the proposals on Friday (20 June) following reports that it was working…
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9 JuneClothing & Shoes
River Island owners prepare rescue plan amid tough market conditions
High street fashion brand River Island has reportedly appointed advisers from PwC to draft a restructuring plan amid tough trading conditions, which could result in store closures and job losses, according to Sky News. Sources revealed to the outlet that although no definitive decisions have been made about the company’s…
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Sep- 2024 -12 SeptemberHigh Street
Shop closures rise to 38 per day in 2024
An average of 38 shops closed down each day in the first six months of the year, according to new research from PwC. The latest data shows that a total of 6,945 shops belonging to multiples and chains exited Great Britain’s high streets, shopping centres and retail parks – a…
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Mar- 2024 -14 MarchEconomy
Retail sees 14 closures a day as 5,000 stores vanish in 2023
High-profile retail restructuring and administrations have resulted in a net of 14 store closures a day during 2023, according to research from LDC and PwC, meaning that 5,000 fewer shops are currently trading across the country. The research has attributed the high volume of closures to the collapses of high…
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Jan- 2024 -17 JanuaryNews
Superdry hires PwC to explore debt options
Superdry is believed to have appointed accountancy firm PwC to explore its debt options, Sky News has revealed. The clothing retailer is supposedly working with advisers from the firm to review the funding options following a pre-Christmas profit warning. The news comes after Superdry reported YoY sales decrease of 13.1%…
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Aug- 2023 -30 AugustHigh Street
Wilko bidder criticises PwC over bidding process
Restructuring specialist M2 Capital has reportedly criticised the administrators of Wilko after submitting a last-minute offer to rescue the retailer. According to The Financial Times, M2 wrote to PwC chair Bob Moritz earlier this week to criticise the bidding process and question whether it was “fair and transparent” after submitting…
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