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.
-
Feb- 2018 -8 FebruaryClothing & Shoes
Debenhams puts 320 jobs at risk with new cost-cutting drive
Fashion retailer Debenhams has announced a new cost cutting drive that could put 320 positions at risk of redundancy. The firm said the employee reshuffle will improve the company’s finances, after the group’s shares plunged by 20% due to a ‘disappointing’ Christmas trading period. A profit warning was issued due…
Read More » -
5 FebruaryPeople Moves
Tesco appoints new UK CEO Charles Wilson
Tesco has appointed Booker Group boss Charles Wilson as the new CEO for its UK and Ireland retail and wholesale operations. Wilson will take over from current chief executive Matt Davies in April after the supermarket giants’ £3.7bn takeover of Booker. Tesco group chief executive Dave Lewis said: “I am…
Read More » -
Jan- 2018 -15 JanuaryEconomy
Kering offloads 70% stake in Puma
Luxury goods group Kering has announced plans to sell a 70% stake in sportswear brand Puma amongst its shareholders. Post transaction, Kering would retain approximately 16% of Puma shares outstanding. Artémis, which holds 40.9% of Kering’s shares, would become a long term strategic shareholder of Puma with an ownership of…
Read More » -
4 JanuaryUncategorized
Debenhams shares plunge 20% amid profit warning
Debenhams’ share price has lost a fifth of its value as the retailer warned full year earnings could fall to as little as £55m after a “disappointing” Christmas trading period. In a trading update for the 17 weeks to December 30, the firm said pre-tax profit would “probably” fall to…
Read More » -
Nov- 2017 -23 NovemberAdvice
Energy – far more than a retailer’s ‘impulse buy’
Recent research has suggested that some £300m worth of energy is being wasted across the UK retail sector. As major energy consumers, retailers have had a tough fight on their hands to balance the challenges of delivering to customers on an increasingly multi-channel and 24/7 basis while also keeping costs…
Read More »
