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.
-
Apr- 2025 -8 AprilNews-In-Brief
Today’s news in brief-8/4/25
Levi Strauss & Co reported a strong start to 2025, with Q1 sales rising 3% to $1.5bn (£1.17bn) and adjusted EBITDA surging 47% to $204m (£159m), exceeding expectations. Direct-to-consumer revenues grew 9%, while wholesale sales increased 3%. The Levi’s brand saw an 8% global organic growth, with the Americas up…
Read More » -
Mar- 2025 -31 MarchNews-In-Brief
Today’s news in brief-31/3/25
Primark CEO Paul Marchant has resigned with immediate effect following an investigation into an allegation regarding his behaviour towards a woman in a social setting. Parent company ABF launched an external probe, after which Marchant acknowledged his “error of judgement” and apologised to the individual, the board, and Primark employees.…
Read More » -
31 MarchClothing & Shoes
Boohoo finalises Debenhams rebrand despite Frasers push-back
Boohoo Group has confirmed its rebrand to Debenhams Group at its General Meeting following the initial announcement of the name change earlier this month (11 March), despite strong opposition from Frasers Group. It comes as 62.04% voted in favour of changing the corporate name from Boohoo Group to Debenhams Group,…
Read More » -
25 MarchFeatures
How hard is it to turnaround a legacy brand?
Britain has a long and storied history with retail having a number of companies which have been established for well over a century. However, in recent years many of these legacy brands have struggled, especially as retail has become so much about online. Many of these brands have had to…
Read More » -
18 MarchNews-In-Brief
Today’s news in brief-18/3/25
Forever 21 has filed for bankruptcy protection in the US for the second time, following a previous filing in 2019. The retailer, once a dominant force in fast fashion, has struggled to compete with foreign competitors and rising costs. While its US stores and website will continue trading during the…
Read More » -
18 MarchClothing & Shoes
Select Fashion nears collapse, 35 stores to close
Select Fashion is reportedly on the verge of collapse, with 35 stores set to close if it falls into liquidation. According to documents seen by The Sun, the clothing brand has drafted in advisers from Moorfields to oversee the liquidation of the business. Directors at the brand reportedly said Select…
Read More » -
14 MarchNews-In-Brief
Today’s news in brief-14/3/25
Shein, the fast-fashion giant, has confirmed its plans to go public, targeting a listing on the London Stock Exchange. Executive chairman Donald Tang emphasised the company’s commitment to transparency and accountability as it transitions to a public entity. However, no specific timeline or valuation was disclosed, with Tang stating the…
Read More » -
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.…
Read More » -
13 MarchPeople Moves
Fossil group appoints new CFO
Fossil Group has announced the appointment of Randy Greben as the new chief financial officer effective from 17 March. Greben will oversee Fossil Group’s global financial strategy, focusing on leading the organisation’s financial turnaround and business transformation. With more than two decades of financial leadership experience, he brings a strong…
Read More » -
12 MarchNews-In-Brief
Today’s news in brief-12/3/25
Inditex, the parent company of Zara, reported a strong financial performance for FY24, with sales rising by 10.5% to €38.6bn and profit-before-tax increasing by 10.3% to €7.6bn. The company achieved these results with 2.0% more commercial space and 2.3% fewer stores compared to 2023, reflecting its ongoing store optimization and…
Read More »
