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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Dec- 2019 -13 DecemberHigh Street
New Look appoints Nigel Oddy as new CEO
High street retailer New Look has appointed Nigel Oddy as its new chief executive officer. Oddy joined the retailer in April and held the role of its chief operating officer. He was also the chief executive of House of Fraser, having spent seven years at the department store holding various…
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6 DecemberHigh Street
Jessops appoints administrators, 500 jobs at risk
Camera retailer Jessops has appointed administrators to its property arm, reportedly placing around 500 jobs at risk. According to The Guardian, the retailer’s main trading company Jessops Europe is not affected by the administration and its owner, Dragons Den’s Peter Jones, is thought to want to keep the business going.…
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4 DecemberHigh Street
Clintons saved from administration
Clintons has been saved from administration after the Weiss family regained control of the business through a new entity. Will Wright and Steve Absolom from KPMG, who were appointed joint administrators, sold the brand and its assets to Esquire Retail Limited – a holding company for the Weiss family. The…
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Nov- 2019 -29 NovemberShopping Centres
Intu drafts in PwC advisers
Intu properties has appointed PwC advisers to help the restructuring of its balance sheet. According to Sky News, the shopping centre has hired PricewaterhouseCoopers (PwC) to work alongside its existing City advisers. It is understood the appointment has taken place in the last few days ahead of the festive period.…
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28 NovemberHigh Street
Dragons’ Den star Peter Jones kicks off Jessops sales talks
Dragon’s Den star Peter Jones has begun talks with potential buyers for embattled camera retailer Jessops, reports have claimed. Sky News said Jones, who owns Jessops, is holding talks with unnamed buyers and discussions are still at an early stage. However, the potential sale remains as only one of the…
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21 NovemberPeople Moves
Arcadia appoints former De Vere chief as chair
Arcadia has appointed the former chief executive of the hospitality group De Vere, Andrew Coppel, as its new chair. Coppel will assume the chairmanship of Taveta Investments Limited, Arcadia Group Limited and Top Shop/Top Man Limited. Arcadia said he is an “experienced executive” having held a variety of cross sector…
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12 NovemberClothing & Shoes
New Look losses narrow despite ‘ongoing uncertainty’ hitting sales
New Look has reported that its losses narrowed to £11.2m during its half year results despite “ongoing uncertainty” impacting sales. The fashion retailer registered the statutory loss in the 26 weeks to 28 September compared with a loss of £41.9m in the same period last year. Total revenues reached £523.8m…
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11 NovemberHigh Street
Clintons could close up to 66 stores
Greeting cards retailer, Clintons, has revealed plans to shut one in five of its UK stores, and is looking to find cheaper rent on over 200 of its shops. According to the Sunday Telegraph, Clintons is looking to close 66 of its 332 stores and also wishes for the rent…
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Oct- 2019 -28 OctoberHigh Street
Forever 21 to shutter all UK stores next year
Fashion retailer Forever 21 has confirmed it will close its three UK stores in London, Liverpool and Birmingham next year. It comes after the parent company in the US filed for Chapter 11 bankruptcy, and Damian Webb and Allan Kelly of RSM Restructuring Advisory LLP were appointed as joint administrators…
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23 OctoberHigh Street
UK retailers store profit margins halved since 2011, study finds
A new report by global professional services firm Alvarez and Marsal, in partnership with Retail Economics, has shown that store-based profit margins for the top 150 UK retailers have more than halved in less than a decade, dropping from 8.8% in 2009/10 to 4.1% in 2017/18. “Ballooning” operation costs have…
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