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Retail news in the UK | Page 2
An overview of news, trends and research in the Retail industry in the UK:
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FRP Advisory appointed for Peacocks and Jaeger administrations
Peacocks and Jaeger have been placed into administration by parent company EWM Group, putting over 4,700 jobs at risk.
27 November 2020
How consumer sentiment has changed throughout 2020
At the end of the first lockdown, the majority of UK consumers had one key priority on their minds: visiting those nearest and dearest to them.
25 November 2020
Collaboration and compromise a must for landlords and tenants
Tenants, particularly those operating in the leisure and hospitality industry, will have welcomed the announcement on September 16 confirming the Covid-19 forfeiture moratorium will now run until the
17 November 2020
UK retail stores among hardest hit in Europe
A new survey of Eurozone markets has found that UK retailers are suffering a worse hangover from the lockdown months than many of their continental counterparts.
23 September 2020
Liquidator KPMG withdraws Debenhams redundancy offer
Liquidators from KPMG have been facing off with redundant Debenhams workers in Ireland, withdrawing the firm’s offered payment scheme after the retailer’s staff staged sit in protests across Ireland
11 September 2020
Home working could slash £12 billion from consumer spending
Lower consumer spending linked to home working could businesses lose out on £12 billion, according to a new study.
09 September 2020
Menswear retailer Moss Bros hires KPMG for restructuring
UK menswear retailer Moss Bros is reportedly undergoing a restructuring process, as it struggles to recoup losses over 2020.
08 September 2020
Changing lockdown habits boost video game industry
While economists continue to debate the threat to growth proposed by social distancing, lockdowns brought in to control the spread of coronavirus seem to have provided a major boost to the video game
03 September 2020
How lockdown changed the norms of consumer behaviour
The lockdown brought in to slow the spread of Covid-19 in 2020 had a dramatic impact on the global economy, not least because it has shifted long-held consumer behaviours that retailers are having to
29 July 2020
Go Outdoors sold out of administration by Deloitte
Go Outdoors’ 2,400 staff have been handed a temporary reprieve, after the collapsed company was sold out of administration by professional services firm Deloitte.
26 June 2020
Quiz appoints KPMG for restructuring
Fashion retailer Quiz has tapped KPMG administrators to restructure its store portfolio.
25 June 2020
Supermarket Morrisons calls in KPMG for board review
Big Four professional services firm KPMG has been tapped by the UK’s fourth largest supermarket chain to help review its corporate governance.
23 June 2020
VR helps Kellogg's improve new product shelf placements
Accenture and Qualcomm have developed a VR solution with embedded eye-tracking to help Kellog’s put ideas on the shelving of its new products to the test.
18 June 2020
Deloitte appointed for Victoria's Secret administration
Lingerie behemoth Victoria’s Secret has appointed administrators for its UK wing, falling a rapid fall from grace for the brand’s global entity.
12 June 2020
Consumers willing to pay more for sustainable packaging
The overwhelming majority of global consumers are willing to pay more for sustainable packaging in order to decrease the impacts of plastic on the environment.
05 June 2020
EY to oversee insolvency of Specialist Leisure Group
Big Four professional services firm EY has been appointed as administrator for Specialist Leisure Group.
04 June 2020
CIL survey outlines how consumers are coping with Covid-19
Of all the things UK residents are looking forward to post-Covid-19, seeing their friends and family ranks highest – ahead of sport, entertainment and travel.
01 June 2020
Millionaire Monaco-based Matalan founder sues PwC over tax liability
John Hargreaves, founder of UK discount retailer Matalan, is suing PwC over claims the firm’s advice left him liable for as much as £135 million in tax.
22 May 2020
Duff & Phelps secures mattress division of Breasley Pillows
Part of a Derbyshire mattress manufacturing firm has been sold out of administration saving 60 jobs.
18 May 2020
Primark sales fall to zero due to lack of ecommerce wing
Clothing giant Primark has stated its sales have gone from £650 million each month to zero, as the coronavirus has forced it to close in Europe and the US.
07 May 2020
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
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