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| Retail | Page 2
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Nine-in-ten UK retailers face cash-flow difficulties
Falling consumer spending power and social distancing measures have led to a huge number of British retailers having to close business completely, as a result of the Covid-19 lockdown.
29 April 2020
Third PwC administrator appointed to Laura Ashley
A third joint administrator has been appointed for UK retailer Laura Ashley, following a court hearing in April.
20 April 2020
Debenhams appoints administrators for second time in a year
UK high street stalwart Debenhams has appointed administrators for the second time in 12 months, after calling on Begbies Traynor to broker a rescue deal to prevent its liquidation.
08 April 2020
Laura Ashley appoints PwC administrators
Amid the continuing Covid-19 pandemic, Laura Ashley has become the first retailer to fall victim to the “significant” drop in trade that the virus has caused.
20 March 2020
CMA cautions retailers against exploiting Covid-19 fears
Predatory retailers have been warned against exploiting the Coronavirus outbreak to improve their sales figures.
09 March 2020
The top 20 retail companies and stores in the UK
Retailers who can offer customers service beyond mere functionality have a better chance of weathering the UK’s poor retail climate, according to a new study.
21 February 2020
When will automation in the housing system become reality?
A consortium of thirteen partners led by the University of Glasgow recently organised the event ‘Towards a fully automated housing system in 2030?’.
19 February 2020
The 10 largest UK retail bankruptcies of the 2010s
As the UK’s economy staggers into another difficult year, the dark clouds above its retail sector show no signs of clearing.
14 February 2020
Pure Collection appoints administrators from KPMG
KPMG professionals Howard Smith and Will Wright have been appointed joint administrators of cashmere brand Pure Collection.
14 February 2020
Fashion needs $30 billion per year for sustainability step-change
A new report released at Davos 2020 has found that the fashion industry must plug a $30 billion funding gap, if it is to make good on promises to ramp up its sustainability efforts.
05 February 2020
Fall in CVAs could lead to spike in retail administrations
2019 was undoubtedly a tough year for the retail sector – however Britain’s high street crisis could be on the verge of deepening this year, according to the latest research.
24 January 2020
2019 saw UK retail suffer 25-year-low
A new industry report has found that Britain’s retail growth is currently enduring its worst performance since the 1990s.
16 January 2020
Beales poised for administration after KPMG review
Around 1000 jobs have been placed at risk, as department store Beales has warned it could collapse into administration without a new owner.
14 January 2020
Ted Baker appoints Deloitte to probe multi-million stock overstatement
Troubled fashion retailer Ted Baker has drafted in investigators from Deloitte to probe an accounting mishap that saw it overstate the value of its stock by up to £25 million.
10 January 2020
DTE and Hill Dickinson advise on acquisition of Vatre
Griffon Corporation subsidiary AMES Companies has acquired Vatre Group, a UK supplier of innovative garden pottery and associated products sold to leading UK and Ireland garden centres.
02 January 2020
PwC to oversee administration of The Book People
The Book People has filed for administration with just one week to go before Christmas, putting 400 jobs at risk.
23 December 2019
The top 20 retailers according to UK consumers
Data from global professional services firm OC&C Strategy Consultants has revealed that M&S Simply Food is now UK consumers’ preferred retailer.
16 December 2019
Clarks taps McKinsey consultants to review its strategy
UK footwear retailer Clarks has appointed McKinsey & Company to conduct a review of its business, having endured a difficult period in the UK market.
03 December 2019
FRP Advisory negotiating deal between Bonmarché and Peacocks
UK retail chain Peacocks has been lined up by administrators as a buyer for the Bonmarché stores.
03 December 2019
UK consumers set to spend big this Christmas
The UK retail sector could be thrown a life-line this Christmas, with the forecast that almost nine-in-ten consumers are expecting to spend as much or more than they did in 2018’s festive period.
28 November 2019
McKinsey alumnus Laxman Narasimhan new Reckitt Benckiser CEO
McKinsey & Company is known to be a major breeding grounds for future leaders in the world of business and beyond.
14 November 2019
Mothercare appoints PwC administrators for UK wind-up
PwC is set to close 79 Mothercare stores across the UK, after its appointment as administrator for the troubled brand. The news is likely to result in the loss of almost 3,000 jobs across Britain.
11 November 2019
Deloitte to oversee Supercuts owner administration
Salon chain owner Regis UK has appointed administrators from Deloitte, becoming the latest victim of the UK’s ailing high street as a result.
04 November 2019
KPMG appointed to oversee Watt Brothers administration
A family-run retailer has collapsed after more than 100 years in business, seeing almost 300 jobs lost across Scotland.
30 October 2019
KPMG oversees Lingerie Outlet Store administration
Joint administrators from KPMG’s restructuring sector have sold the majority of ecommerce firm Lingerie Outlet Store, safeguarding 26 jobs in Wiltshire.
25 October 2019
Deloitte appointed as Links of London administrator
High street jewellery brand Links of London has been placed into administration, putting around 350 jobs at risk if a buyer cannot be found.
22 October 2019
Accenture partners with Sainsbury’s for Google Cloud platform
Accenture has partnered with Sainsbury’s to help the supermarket take advantage of Google Cloud.
14 October 2019
UK high street crunch continues as 16 stores close every day
The UK high street looks set to end the decade on a low note, as new research has revealed retailers are seeing their highest level of store closures in nine years.
23 September 2019
Why a minimal viable product should also be lovable
In order to compete in today’s market, products and services must not only be useful, but lovable. Rachel Armstrong, a partner at Globant’s Consulting Studio, explains.
05 September 2019
EE&G warns Beckham MLS site ‘contaminated’ with arsenic
David Beckham’s Major League Soccer franchise has been handed a major set-back, with the news that its proposed stadium site is contaminated with arsenic.
30 August 2019
How consultants help struggling retailers in the digital age
In today’s digital age, retailers are struggling keeping their heads above the water.
20 August 2019
Debenhams taps Alvarez & Marsal's Stefaan Vansteenkiste as CEO
Troubled UK retailer Debenhams has installed turnaround expert Stefaan Vansteenkiste as its Chief Executive Officer, as it approaches a make-or-break Christmas trading period in late 2019.
15 August 2019
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