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.
-
May- 2018 -1 MayHigh Street
Carpetright expects £9m profit drop
Carpetright has warned pre-tax profits will fall £9m for the year ending 28 April 2018. According to the carpet retailer this performance, combined with that of the previous nine months, will result in full year like-for-like sales falling by 3.6%. Like-for-like sales in Europe fell 8.3% in the final quarter,…
Read More » -
Apr- 2018 -23 AprilDIY
Wesfarmers entices Homebase bidders with £100m dowry
Potential bidders for Homebase are being enticed by a sizeable dowry as its owners Wesfarmers ask for initial takeover bids to be submitted by the 23 April. The Australian owners of the DIY chain are looking for a fast exit from the UK market and sources close to Wesfarmers say…
Read More » -
19 AprilDepartment Stores
Store closure fears loom as House of Fraser appoints advisors
House of Fraser has appointed KPMG to advise the company on a restructuring plan, raising speculation that a number of stores may be about to close. The consultancy specialists are expected to look at all of the department store’s options including a Company Voluntary Agreement. The appointment is understood to…
Read More » -
19 AprilPeople Moves
Mothercare chairman announces retirement
Mothercare, retailer for parents and young children, has announced that Alan Parker has retired from his position as non-executive chairman. In a statement the retailer thanked Alan for “his calm leadership through a challenging period”, and “his support and encouragement for the board and the significant contribution he has made…
Read More » -
12 AprilDIY
Carpetright to close nearly a quarter of stores, affecting 300 jobs
Carpetright is preparing to close nearly a quarter of its 300 stores in a restructuring plan as it struggles to avoid administration. Today (12 April) the company released a statement saying it had entered a Company Voluntary Agreement (CVA), which if approved, would lead to the closure of 92 outlets…
Read More » -
Mar- 2018 -21 MarchHigh Street
Carpetright prepares for store closures in CVA plan
Carpetright is exploring a possible company voluntary agreement (CVA) which would allow it to to speed up the closure of underperforming stores. The beleaguered flooring retailer has announced it is seeking an insolvency deal to allow it to continue trading while it negotiates rent reductions and debt restructuring. The number…
Read More » -
Feb- 2018 -26 FebruaryHigh Street
Toys R Us could go bust ‘within days’, 3200 jobs at risk
Toys R Us looks set to go into administration within days, as the toy retailer faces a £15m debt. Last minute discussions with potential buyers fell through last week and it now looks likely that the retailer is set for a collapse. In a statement earlier this year, the firm…
Read More » -
19 FebruaryHigh Street
Philip Green considers selling Arcadia to Chinese firm
British retail magnate Sir Philip Green is reportedly in talks to sell part of the Arcadia Group to a Chinese textiles giant. Reports said that Chinese firm Shandong Ruyi has already held negotiations and looked over the books of the retail conglomerate, which owns Topshop, Miss Selfridge, Burton and Dorothy…
Read More » -
16 FebruaryHigh Street
Poundland owner appoints Richard Heis as restructuring officer
Struggling retail giant Steinhoff has appointed Richard Heis as chief restructuring officer charged with the task of returning it to stability. Steinhoff is looking to recover from the fallout of an accounting scandal which prompted an 85% fall in its share price wiping more than $10bn (£7bn) off its market…
Read More » -
13 FebruaryClothing & Shoes
Insolvency cracks showing with one in five fashion retailers
Some 19% of UK clothing retailers are currently exhibiting early warning signs that they are at risk of going insolvent, according to research by accountancy firm Moore Stephens. Out of 35,078 fashion retailers analysed, 6,580 are showing early signs of financial distress, which can include a large fall in revenue…
Read More »
