Turnaround
Turnaround in the UK retail sector refers to the strategies and interventions businesses deploy to recover from financial distress, operational challenges, or market disruption. For store owners, retail executives, and supply chain professionals, understanding turnaround efforts is crucial to navigating periods of change and identifying opportunities for growth or collaboration. Retail Sector’s coverage of turnaround includes breaking news on struggling retailers, analysis of restructuring plans, insights into leadership changes, and case studies of successful recovery strategies. We provide retail professionals with the information they need to anticipate market shifts, assess risks, and learn from the operational and strategic decisions driving transformation across physical stores, ecommerce, and omnichannel retail.
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Aug- 2022 -26 AugustM&A
Retail entrepreneur swoops to acquire Paperchase
Steve Curtis, an operating partner at Rcapital, the turnaround investor, has reportedly agreed to buy Paperchase as a private investor for an undisclosed sum, according to Sky News. Its sources said on Thursday (25 August) that the deal was expected to be confirmed before the end of the week. Curtis,…
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17 AugustPeople Moves
Pandora appoints Mary Carmen Gasco-Buisson as CMO
Pandora has announced it has appointed Mary Carmen Gasco-Buisson, currently Global VP at Unilever, as its new chief marketing officer, reporting to CEO Alexander Lacik and serving on Pandora’s Executive Leadership Team. It said Gasco-Buisson holds an “extensive” track-record of growth and transformation across consumer brands in categories such as…
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15 AugustNews
Joules names former John Lewis director as CEO
Joules has announced the appointment of Jonathon Brown as the group’s new CEO following a thorough selection process, joining as CEO designate on 7 September and becoming CEO on 30 September. Most recently, Brown was CEO of Compare the Market, part of BGL Group, where he led the business through…
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11 AugustOnline & Digital
Mattress Online to open first fully branded site in Sheffield
Mattress Online is set to open its first fully branded store as part of its plans to expand into bricks and mortar trading. Having acquired the Skipton Bed and Sofa Centre earlier this year, the group has now added the site of Sheffield bed outlet, Eades and Co, to its…
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Jul- 2022 -29 JulyPeople Moves
Ted Baker’s non-executive director steps down
Ted Baker has announced the departure of Andrew Jennings as director of the company. Jennings didn’t seek re-election to the board at the annual general meeting on 28 July 2022. He was former CEO of both House of Fraser and German retail group Karstadt. He has also previously worked as…
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18 JulyNews
Profit warnings surge 66% in H1 FY22
The number of profit warnings issued by UK-listed companies in the first six months of 2022 has increased 66% year-on-year, with a “record” number of companies citing rising costs as the reason behind their warning, according to EY-Parthenon’s latest Profit Warnings report. A “record” 58% of companies cited rising costs…
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8 JulyPeople Moves
JD Sports appoints former Morrisons boss as chair
JD Sports has announced the appointment of Andy Higginson as the brand’s new chair, effective on 11 July 2022. This appointment is said to follow an extensive search process undertaken by the board with the support of an external executive search firm. Higginson is reportedly a highly experienced and proven…
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May- 2022 -13 MayEconomy
John Lewis chair Sharon White calls for cost of living aid package
Chair of the John Lewis Partnership, Dame Sharon White, has urged the government to issue a new aid package to help support consumers through the cost of living crisis on the same scale as Covid relief. Speaking on the Peston Show on ITV, White said “the time has absolutely come”…
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3 MayFeatures
Missguided: what went wrong?
As the face of online shopping for young women around the world, Missguided has faced its fair share of troubles despite its ever-present popularity within the fast fashion industry. Now the company is eyeing potential buyers, it puts into question the future of the business. Since its launch in March…
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Apr- 2022 -20 AprilNews
Missguided CEO steps down as advisory firm brought in
Missguided’s founder, Nitin Passi, is set to step down from his role as chief executive officer (CEO) after the womenswear retailer appointed Teneo, an advisory firm, to explore “strategic options” for its future. However, Passi will remain on Missguided’s holding company board to represent his family’s ongoing stake in the…
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