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Retail news in the UK | Page 3
An overview of news, trends and research in the Retail industry in the UK:
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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
Beauty retailers must go organic to mind generation gap
Personal care and skin products are increasingly expected to be natural, sustainably sourced and ethically produced, as consumer demographics shift.
08 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
Cyber-security cost hits UK high street hard
With the UK high street currently floundering amid falling consumer power and heightened import prices, the country’s retailers have happily followed the global trend of turning to digitalisation to
07 August 2019
FMCG sector pours billions of digital advertising spend down drain
Around 60% of money spent on digital advertising by fast moving consumer goods firms is wasted, according to a new report.
06 August 2019
Homebase purchases Bathstore out of administration
Homebase has successfully secured a deal to acquire Bathstore, rescuing the brand from administration. The sale was overseen by administrators from professional services firm BDO.
26 July 2019
Online retail hit by fall in consumer confidence
Recent months have seen e-commerce firms discover that they are far from immune to the same pressures that have led to a high street crunch in the UK.
23 July 2019
Largest FMCG companies of the globe enjoy moderate growth
Growth at the world’s 50 largest fast moving consumer goods firms has slowed over the last year, dropping from 5.7% to 3.2%.
22 July 2019
KPMG to help embattled Jack Wills ‘assess all options’
Advisory firm KPMG is set to work with Jack Wills on a possible restructuring, amid talk of a cash crisis at the retailer.
17 July 2019
Consumers concerned as retailers look to cash in on store data
Retailers face a fine balancing act between tapping the potential of new technology such as store monitoring, and being seen as overly intrusive and untrustworthy.
09 July 2019
BDO administrators look to sell Bathstore as going concern
Loss-making bathroom specialist Bathstore has appointed administrators, after a gruelling restructuring effort failed to deliver the firm back into profit.
09 July 2019
GSCOP training can benefit compliance in the grocery sector
The Grocery Supply Code of Practice or GSCOP has been around in its current guise since the second inquiry into the supermarkets by the then Competition Commission in 2007 / 2008.
03 July 2019
Six business model strategies for retailers to remain competitive
On the back of major trends such as e-commerce, changing client demands and the blending of offerings and sectors, the speed of change in the retail industry has reached new heights.
11 June 2019
Online retail growth outpaces bricks-and-mortar footfall
Traditional retailers saw sales volume and value stabilised at the start of 2019, enjoying growth 4%.
06 June 2019
Select administrators call for second CVA deal
Following its collapse into administration, the administrators of fashion retailer Select have asked landlords to approve a company voluntary arrangement to keep the business from ceasing to trade.
03 June 2019
Retailers must make return on experience the new ROI
In addition to the traditional return on investment (ROI) metrics such as NPS, which are used to determine a company's success, it is time to introduce another metric.
22 May 2019
Operations and CX are top benefits of AI in retail industry
With operations and CX having become increasingly important to the future of retail companies in the UK, many are turning to AI for help.
20 May 2019
Five trends sweeping through the consumer sector
Digitalisation and rapidly changing customer expectations are transforming the consumer goods sector.
30 April 2019
Debenhams administrator handed legal threat from Sports Direct
Earlier in April 2019, the long-suffering high street entity of Debenhams finally collapsed into a pre-pack administration, wiping out equity for shareholders including Sports Direct.
24 April 2019
Consumer goods start-ups grow interest from venture capital
Funding the latest consumer goods start-up has been a real money-spinner for venture capitalist firms, with a number of $1 billion companies – or unicorns – having emerged in the space in recent year
23 April 2019
Lack of high street openings sees UK retail in precarious state
Changes in consumer behaviour, particularly in favour of online shopping, are starting to take their toll on shop-fronts in the UK, while stagnant wages are hitting peoples’ willingness to go out for
11 March 2019
FRP Advisory appointed for Better Bathrooms administration
More than 300 jobs have been lost, as home improvement retailer Better Bathrooms has fallen into administration.
07 March 2019
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