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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Nov- 2018 -22 NovemberHigh Street
Mothercare revenues down 13% in half-year results
Mothercare’s half year results for the 28 week period to 6 October 2018 saw revenues drop by 13% to £295m. Worldwide sales decreased by 9.8% to £566m, compared with £627m during the period last year, and group adjusted loss before taxation was reported to be £6.2m. In July, the British…
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9 NovemberHigh Street
Gap between retail closures and openings continue to widen, says PwC
A combination of growth in online shopping, shift to in-home leisure, heightened restructuring activity and ongoing digitisation of services has seen the half-year net reduction in stores on Britain’s high streets reach record levels, according to PwC. According to research compiled for PwC by the Local Data Company (LDC) a…
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7 NovemberClothing & Shoes
Marks and Spencer sales fall
M&S’ group revenue has dropped by 3.1% to £4,966.9m in its half-year results to the year ending 15 September 2018. Furthermore, its like-for-like food and clothing sales fell by 2.9% and 1.1% respectively which the company said reflected a “tough trading” period. The figures have been impacted by the company’s…
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6 NovemberHigh Street
Marks and Spencer half-year profits expected to drop
M&S is expected to report a double-digit drop in its half-year profits next week, according to predictions by City analysts. The retailer is set to post a fall in underlying pre-tax profits by 14% to £188m. Its pre-tax profits for the first half of the year are set to be…
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1 NovemberHigh Street
Mothercare culls 200 head office jobs
Mothercare has axed around 200 staff from its head office in an attempt to cut costs and save up to £20m. The job cuts are part of Mothercare’s restructuring program and 50 new jobs are expected to be created in the department, bringing the net job losses to roughly 150.…
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1 NovemberEconomy
600 jobs at risk as Crawshaws enters administration
Meat retailer Crawshaws has announced it has entered administration, putting 600 jobs at risk across its 42 stores. A Crawshaws spokesperson told Retail Sector that the company blamed its financial woes on “increasing competitor pressures on the high street”, namely “discount activity from the likes of Aldi and Lidl”. According…
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1 NovemberDIY
Carpetright announces HY trading to be ‘heavily impacted’ by restructuring
Carpetright has said trading in its half-year update for the 26-week period ending 27 October was “heavily impacted” by the company’s restructuring which included 67 store closures. It said like-for-like performance remained negative in this second part of the period however “there was an improvement in the trend, as the…
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Oct- 2018 -22 OctoberDepartment Stores
Debenhams ‘could close a third of its stores’
It is rumoured Debenhams could be closing up to a third of its stores following a series of profit warnings and poor trading results. The embattled department store has 166 outlets across the UK and is reportedly looking to save £100m. The Sunday Telegraph reported that the chain would save…
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11 OctoberHigh Street
WH Smith to close six stores as result of ‘business review’
WH Smith has announced it will close six stores as it looks to “restructure” its high street business, including operational activities and winding down “non-core trial initiatives” including Cardmarket and WH Smith. Despite restructuring plans WH Smith said its high street arm had delivered a “good performance despite the well…
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5 OctoberAnalysis
Innovation in retail: who’s your money on?
No business is immune from the potentially fatal consequences of relying on ‘business as usual’. The recent fates of household brands like Maplin and Toys R Us tell us that. It is true in any industry, but none more so than in retail. Is your business looking in the right…
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