Restructuring
Restructuring in the UK retail sector involves the strategic changes retailers make to strengthen their financial position, streamline operations, and adapt to evolving market conditions. Retail Sector provides comprehensive coverage of restructuring activity, including breaking news on administrations, CVAs, and refinancing deals, alongside expert analysis of the operational and strategic implications. Our reporting helps retail executives, store owners, ecommerce leaders, and supply chain professionals understand how these developments impact the wider retail landscape, offering insights into recovery plans, leadership decisions, and business transformation across physical and digital channels.
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Aug- 2022 -24 AugustClothing & Shoes
Apricot to exit CVA early
Creditors of Apricot have reportedly voted in favour of the retailer exiting its company voluntary process (CVA) 16 months earlier than planned due to an improvement in trade, according to Drapers. Apricot launched a CVA in January 2021 to move 13 of its 14 UK standalone stores to turnover rent…
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23 AugustOnline & Digital
Made.com director steps down as group mulls equity raise
Made.com has announced that one of its senior directors, Gwyn Burr, has stepped down from the board with immediate effect, amid reports the group is looking to shore up its cash reserves through a fresh equity raise. Burr cited her reason for leaving as “a need for her to give…
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18 AugustEconomy
Made.com calls in advisers to shore up balance sheet
Made.com Group, the online furniture retailer, has reportedly called in advisers to help shore up its balance sheet as it plans for a share sale to raise approximately £50m, according to Sky News. The London-listed company has hired PricewaterhouseCoopers (PwC) to evaluate cost-cutting strategies and restructuring options. Made.com is said…
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8 AugustClothing & Shoes
Kontoor Brands revenue up 25% in Q2
Global lifestyle apparel company, Kontoor Brands, has seen revenue increase by 25% to $614m (£507m) in Q2, largely driven by strength in the U.S. in both its Digital and wholesale channels. The group’s strongest brands, Wrangler and Lee, also reported a revenue increase of 19% and 14% respectively in H1…
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2 AugustPeople Moves
Former Asda exec named CEO of Poundstretcher
Poundstretcher has announced the appointment of Derek Lawlor as its new CEO, who succeeds current CEO, Aziz Tayub, with immediate effect. Following the appointment, Tayub will assume the role of chairman at the group. Lawlor brings with him a “wealth” of experience, having started his retail career with Tesco over…
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Jul- 2022 -25 JulyEconomy
Retail accounts for 10% of UK administrations in 2022, study finds
The retail sector accounted for 10% of administrations in the first six months of the year – the third highest industry in the UK – according to analysis by full-service law firm Shakespeare Martineau. It found more than 620 businesses, 62 of which came from the retail industry, filed for…
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18 JulyNews
Profit warnings surge 66% in H1 FY22
The number of profit warnings issued by UK-listed companies in the first six months of 2022 has increased 66% year-on-year, with a “record” number of companies citing rising costs as the reason behind their warning, according to EY-Parthenon’s latest Profit Warnings report. A “record” 58% of companies cited rising costs…
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Jun- 2022 -21 JunePeople Moves
Bensons for Beds appoints new CEO
Bensons for Beds has announced that its current chief commercial and digital officer, Nick Collard, will take over as CEO with immediate effect to “lead the company as it prepares for further growth”. Collard joined the company in July 2021 after holding board roles at Holland & Barrett International, DFS…
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6 JuneNews
New Look CEO Nigel Oddy steps down
New Look has announced that its chief executive officer (CEO), Nigel Oddy, has decided to step down from his role and leave the business. Oddy joined New Look in April 2019 and, during his tenure, he has led New Look’s financial restructuring, led the business through the pandemic, and overseen…
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Apr- 2022 -26 AprilComment
Why retailers must change their data approach to overcome Amazon
The post-pandemic business landscape has seen retailers fast-track their digital efforts in an attempt to become truly omni-channel – and safeguard against a repeat of 2020’s disruption. Conversely (and perhaps more interestingly), we’re also getting a better sense of where bricks and mortar fits into the strategies of the digital-first…
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