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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Apr- 2022 -8 AprilClothing & Shoes
TM Lewin lender to rescue brand from administration
An investment vehicle owned by Petra Group has reportedly reached a deal to acquire TM Lewin after it collapsed into administration for the second time last month. According to Sky News, the lender to TM Lewin reached an agreement with Interpath Advisory to buy out the menswear brand, with sources…
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7 AprilSport & Leisure
Gymshark prepares restructure of international arm, 121 jobs at risk
Sportswear retailer Gymshark is set to restructure its international business which could place up to 121 jobs at risk. According to Drapers, who were first to report the news, Gymshark said the restructuring is designed to put it in the best position to expand globally and ensure its strategies were…
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Mar- 2022 -18 MarchClothing & Shoes
T.M. Lewin calls in administrators for second time in two years
T.M. Lewin has collapsed into administration for the second time in two years as trading continued to be impacted by the effects of the pandemic. The menswear retailer confirmed that Will Wright and Chris Pole from Interpath Advisory have now been appointed as the latest joint administrators to the group. …
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17 MarchEconomy
Retail insolvencies surge 21% amid supply chain issues
Data recently released by the Insolvency Service has shown that insolvencies amongst retailers businesses have surged in the past year as the UK’s supply chain problems continue to worsen. In the past 12 months, insolvencies of UK retailers have risen 21% from 827 in 2020/21 to 997 in 2021/22. Problems…
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Feb- 2022 -9 FebruarySport & Leisure
Peloton to slash 2,800 roles as part of restructure
Peloton has announced that it is set to slash around 2,800 roles as part of a series of measures to “position the business for long-term growth while establishing a clear path to consistent profitability”. Following the restructure, the fitness group said it expects to achieve at least $800m (£590m) of…
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Dec- 2021 -16 DecemberClothing & Shoes
Boohoo warns higher return rates to impact FY22 profits
Boohoo has warned that “significantly” higher return rates will impact profits for the full-year ending 28 February 2022 making it “lower than previously guided”. In a recent trading update for the three months to 30 November 2021, the group said it now expects net sales growth for the full-year to…
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3 DecemberHigh Street
Poundstretcher rewards staff with 10% pay increase
Discount chain Poundstretcher has announced it is rewarding all of its employees in “recognition of their hard work” throughout the pandemic, as well as the company’s restructuring in 2020 with a 10% pay increase. It revealed that from 1 January 2022, all employees who have completed a year’s full service…
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3 DecemberHigh Street
Frasers Group secures £930m in funding
Frasers Group has announced that it has entered into a new term loan and revolving credit facility with its banks, which replaces its existing facility of £913.5m. It revealed the new facility, which is valid for three years (with 2 one year extension options for a total tenor of up…
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Nov- 2021 -24 NovemberClothing & Shoes
Gap cuts 2021 guidance as supply chain woes dent sales
Gap has lowered its full-year guidance after it revealed supply chain disruption has dented its Q3 sales and led to higher expenses. In a trading update for the quarter, Gap said it now expects revenues to grow around 20% for the year compared with previous estimations of 30%. It also…
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4 NovemberSupermarkets
Sainsbury’s returns to profitability in H1
Sainsbury’s has revealed it has returned to profitability in the 28 weeks to 18 September 2021. During the period, the group generated pre-tax profits of £541m compared with a previous year’s loss of £137m which the group attributed to “significantly lower” restructuring and impairment costs. Group revenue rose to £15.7bn…
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