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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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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Jun- 2023 -13 JuneOnline & Digital
THG’s Ingenuity partners with PwC to boost digital commerce
THG’s complete commerce division, Ingenuity, has formed a strategic alliance with PwC to help its brands design, build and run immersive customer experiences online. It said the move will help brands across sectors and categories access leading technology throughout the direct-to-consumer (DTC) spectrum. PwC will lead on the business strategy,…
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Mar- 2023 -2 MarchHigh Street
High street chain stores closing at lowest rate since 2014
High street chain stores closed at the slowest rate since 2014 in the second half of 2022 according to data from accounting firm PWC. A total of 11,530 chain outlets, brands with five or more stores, exited GB high streets, shopping centres and retail parks, an average of 32 closures…
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Aug- 2022 -16 AugustClothing & Shoes
Kick Game appoints PwC to explore £150m sale
Kick Game, a footwear reseller, has reportedly hired PricewaterhouseCooper (PwC) to explore options which could include a £150m sale, according to Sky News. Reports suggest Kick Game, which was founded in 2013, is working with the accountancy firm to field interest from a number of suitors. The process is expected…
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