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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Mar- 2025 -17 MarchNews-In-Brief
Today’s news in brief-17/3/25
Fenwick, the family-owned retailer, is facing significant financial challenges, with pre-tax losses widening to £38.1m in the year to January 2024, up from £28.4m the previous year. The company has been operating at a loss for six years due to high inflation, increased costs, and tough market conditions. Despite efforts…
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17 MarchDepartment Stores
Fenwick eyes restructuring as losses widen
Fenwick has reportedly called in restructuring professionals from AlixPartners as it looks to address its mounting losses and cost pressures, according to The Times. The news comes as the family-owned company, which operates a total of eight stores across the country, saw its pre-tax losses widen to £38.1m in the…
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13 MarchNews-In-Brief
Today’s news in brief-13/3/25
John Lewis Partnership has announced that its staff will not receive a bonus for the third consecutive year, despite tripling its full-year profits from £42m to £126m. Instead, the company is investing £114m into staff pay, building on a £116m increase in 2024, and up to £600m in business transformation.…
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13 MarchHigh Street
Hobbycraft owner eyes potential restructuring
Hobbycraft owner, Modella Capital, has reportedly enlisted advisers from FRP to explore a restructuring at the crafts chain, Sky News has reported. Modella, which acquired the retailer seven months ago, is examining its options such as a company voluntary arrangement (CVA). CVAs, which are frequently used to facilitate store closures…
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7 MarchFeatures
WHSmith’s high street exit: what it means for the retail industry
After more than 230 years as a staple of British high streets, WHSmith is considering selling off its entire high street business. With around 500 stores facing an uncertain future, the company is shifting its focus to travel retail — airports, railway stations, and motorway service areas — where it…
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6 MarchSport & Leisure
Adidas confirms 500 HQ roles to be cut as it lowers profit guidance
Adidas is set to axe 500 jobs at its headquarters in Herzogenaurach, Germany, in a bid to reduce operational costs and lower costs. The group which currently employs around 62,000 employees stated that it has worked with different departments and different processes and identified work streams how it can “reduce…
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3 MarchNews-In-Brief
Today’s news in brief-3/3/25
Asda is set to scrap bonuses for over 10,000 managers as part of cost-cutting measures amid challenging trading conditions. The decision comes shortly after chairman Allan Leighton returned to lead the supermarket after more than two decades, aiming to steer a turnaround for the struggling retailer. Leighton has already initiated…
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3 MarchSupermarkets
Asda to scrap 10,000 bonuses for managers amid cost-cutting plans
Asda is reportedly set to axe the bonuses of thousands of workers as it looks to cut costs amid troubled trading. According to The Telegraph, more than 10,000 managers were told that they will not receive the payouts, having usually expected to receive bonuses in the first three months of each…
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Feb- 2025 -27 FebruaryNews-In-Brief
Today’s news in brief-27/2/25
Aldi is consulting on a head office restructuring plan that could put 350 jobs at risk, primarily affecting buying, finance, and back-office roles. No customer-facing positions will be impacted, and the company aims to redeploy affected staff where possible. The restructuring aligns with Aldi’s growth strategy, including a £67m investment…
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27 FebruarySupermarkets
Aldi in talks over head office restructuring, 350 jobs at risk
Aldi has entered a consultation over proposals to restructure some of its head office teams, with up to 350 jobs at risk.According to media reports confirmed to Retail Sector by Aldi, the changes will affect some roles within its buying departments, including non-food, finance, and some back-office functions. No customer-facing…
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