Hilco eyes up struggling retailer Bathstore June 21, 2019 Restructuring fund Hilco is set to pounce on UK retailer Bathstore as it teeters on the edge of collapse, it is reported. Hilco, which has already taken over struggling high street names like HMV and Homebase, is in the process of preparing for a take over of Bathstore, according to Sky News. Read more: Now [...]
WH Smith is the UK’s worst high street store, say shoppers May 29, 2019 WH Smith is the worst of all UK high street stores, according to a survey of British shoppers published today. Read more: Ranked: The top 15 retailers to work for The stationery provider got the worst rating of 100 retailers, with just 50 per cent of customers expressing satisfaction based on factors such as quality of [...]
Superdry appoints interim finance chief after boardroom exodus May 22, 2019 Superdry has appointed a new interim finance chief after the return of founder Julian Dunkerton sparked a mass exodus from the board. Nick Gresham, the current chief financial officer of sports and cycling retailer Wiggle, will join the company on 3 June, succeeding Ed Baker who resigned in April after investors narrowly voted in favour [...]
B&Q owner Kingfisher’s boss to depart as profits slump and stores close March 20, 2019 Kingfisher announced the surprise departure of its chief executive this morning, as a swathe of store closures and a double-digit drop in profits puts mounting pressure on the embattled DIY group. Read more: B&Q owner Kingfisher plans foreign market exit as French sales drag Veronique Laury, who is currently one of six female chief executives in the [...]
Houseplants are all the rage, but are they are millennial cry for help? We speak to the companies cultivating this urban jungle March 5, 2019 Millennials have been accused of killing almost every industry there is, but there may be one that 25-35 year olds are actually propping up. Houseplants are taking off like an avocado tied to a racing drone among Generation Rent, prompting investigations by such serious organs as The Washington Post and New York’s Nylon magazine, in [...]
Debenhams lending talks pay off as it closes in on store closure plan February 3, 2019 Debenhams will this week reveal it has bagged a cash injection from lenders as the struggling department store closes in on a radical restructuring plan. The embattled chain has been in discussions with lenders over recent weeks as it looks to refinance banking facilities over the next 12 months in a bid to stay afloat. [...]
Revealed: The high street retailers that collapsed in 2018 January 7, 2019 To many analysts, 2018 was seen as the year the death knell was sounded for the high street, with the number of retailers falling into administration rising for the second year in a row, according to Deloitte. A total of 125 retailers collapsed last year and there was a 53 per cent increase in Company [...]
Luxury furniture firm Smallbone of Devizes teeters on brink of collapse November 26, 2018 High-end furniture manufacturer Canburg, which owns brands such as up-market designer Smallbone of Devizes, is on the edge of bankruptcy as it faces administration. The firm has filed a notice to appoint accountancy firm Grant Thornton as administrator this week, Sky News first reported. Hundreds of jobs could be at risk if proceedings go ahead. [...]
Shareholders yearn for retail chiefs like Swann November 22, 2018 It has been an annus horribilis for the high street. Closures, job cuts and profit warnings in the last 12 months have all thrown scrutiny on the industry – and its bosses – like never before. Which is why yesterday’s announced departure of SSP chief executive Kate Swann is all the more significant. Swann is [...]
Homebase named the UK’s worst retail website in rescue deal aftermath November 13, 2018 DIY retailer Homebase has been named the UK's worst online shopping website, alongside a plethora of other familiar names in a survey conducted by independent consumer body Which?. Homebase received a rating of 55 per cent as part of a survey with over 10,000 consumers evaluating their experiences online. Customers said they found the site [...]