Selfridges
This coverage explores Selfridges’ operations and strategy within the UK retail landscape, focusing on store developments, brand collaborations, product launches, sustainability initiatives, and leadership decisions. Reporting provides insight into how Selfridges maintains its position as a premium retail destination — supporting executives, managers, and professionals involved in luxury, department store, and experiential retail.
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Aug- 2020 -17 AugustDepartment Stores
Selfridges launches sustainability initiative
Selfridges has announced the launch of a “transformational” sustainability initiative entitled Project Earth. The initiative builds upon previous steps the department store has taken to “place sustainability at the heart of the business”, and will work to change the way customers shop by 2025. The scheme will address the materials…
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Jul- 2020 -28 JulyDepartment Stores
Selfridges to axe 450 roles
Selfridges has outlined plans to cut 450 roles across its business, equating to a 14% reduction of its total headcount. Managing director, Anne Pitcher, warned staff of the proposed redundancies as the group predicted “significantly less” sales in the coming year. Pitcher reportedly told staff that those currently placed on…
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Jun- 2020 -29 JuneClothing & Shoes
TM Lewin hires restructuring firm as it eyes pre-pack deal
The new owner of TM Lewin has reportedly called in a restructuring firm as it considers a pre-pack administration deal that could see the closure of a number of its stores. According to The Sunday Times, SCP Private Equity, who acquired the shirt maker earlier this year, has appointed restructuring…
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May- 2020 -13 MayClothing & Shoes
SCP acquires TM Lewin from Bain Capital
Private equity firm SCP has acquired Men’s retailer TM Lewin from Bain Capital for an undisclosed sum. TM Lewin currently has 66 stores in the UK with around 650 of its 700 members of staff placed on furlough. SCP has reportedly acquired the firm as a going concern and plans…
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Apr- 2020 -23 AprilCoronavirus Featured Content
The role of the physical store post-lockdown
The role of the physical store post-lockdown Retailers have been hit by an escalating “perfect storm” of issues recently – digital disruption, business rates increases, a weak Christmas peak, and now the Covid-19 virus. Businesses with greater debts, low cash reserves, and reduced margins were sadly always going to struggle,…
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3 AprilPeople Moves
Fenwicks CEO and non-executive chair to exit
Department store chain Fenwicks has announced that its CEO and non-executive chair are to exit the company. Robbie Feather will step down as chief executive and be succeeded by John Edgar, an “experienced” retail executive who spent periods as chief financial officer of both Selfridges and Harrods. Most recently Edgar…
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Mar- 2020 -25 MarchDepartment Stores
Fenwick closes online operations amid Covid-19 virus outbreak
Department store Fenwick has announced the temporary closure of its online operations amid the ongoing coronavirus pandemic. Fenwick closed all its retail stores across the UK last week and has now ceased its e-commerce operations after the prime minister urged all stores selling “non-essential” products to close to help prevent…
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23 MarchEconomy
FCA asks companies to delay preliminary financial accounts
The Financial Conduct Authority (FCA) has requested companies which were due to issue its preliminary trading updates in the next few days to delay publication, amid the ongoing disruptions caused by the outbreak of the coronavirus. The FCA urged all listed companies to observe a moratorium on the publication of…
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20 MarchClothing & Shoes
TK Maxx closes UK stores amid Covid-19 virus outbreak
Discount store TK Maxx has become the latest retailer to take the decision to temporarily close its stores amid the recent outbreak of coronavirus. TK Maxx has announced all stores in the United States, Canada, Europe and Australia have will close for two weeks. The company has also announced it…
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Feb- 2020 -10 FebruaryDepartment Stores
Selfridges managing director exits
Simon Forster, managing director of Selfridges has departed from the department store after just over a year in the position. According to The Sunday Telegraph, Forster “abruptly” left last week amid a “loss in confidence in his leadership.” Selfridges said Forster decided to “pursue other interests”, but Insiders told The…
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