(Image Credit - https://www.shrm.org) Whilst every year, the second week of January brings news of trading performances over the key Christmas sales period, is seems that this year has already produced an unprecedented number, and variety, of announcements from UK retailers. Although any sensible comparison between retailers’ Christmas trading performances is almost impossible to make, … Continue reading Who would have thought that 2020 would be a year of real challenge for JLP and Joules?
Company Voluntary Arrangements (CVAs) were introduced by the Insolvency Act 1986. They are a formal insolvency procedure by which a company can make a proposal to creditors to deal with its debts, and have seen an increased level of use and awareness in the last few years, having been focussed on the retail sector As … Continue reading Company Voluntary Arrangements (CVAs) – sticking plasters or real solutions?
Over the next year, it’s very likely that many parts of UK retail will continue to struggle, and things will be challenging for all those involved. As we start this new decade, I have identified four areas where I believe that societal, economic or technological change will increasingly impact the sector. Consumers have all the … Continue reading 2020 – Another Challenging Year for UK Retail.
In my opinion, UK Retail is struggling to adapt quickly enough to the new retail reality because of it's combination of economic and commercial, societal and technological factors all of which are conflating to make the things extremely challenging for every part of the UK retail sector and for all retailers, whether they have local, … Continue reading UK Retail – a dynamic mix of economic, commercial, societal and technological change!
The History This retail festival began in the USA and police officers in Philadelphia have been credited with first using the ‘Black Friday’ description in the 1950s. The had to work long shifts because of the chaos and traffic congestion caused by the large crowds of tourists and shoppers that came to the city on … Continue reading ‘Black Friday’ in the UK – Some Thoughts
There has been a lot of coverage and comment about Mothercare UK and their decision to call in administrators, in the press, radio and television, as well as on social media, over the past 24 hours. As the company’s announcement on 4 November 2019 stated, this move was made because they felt the UK retail … Continue reading Mothercare UK – Past, Present (and Future?)
The news this week from Marks & Spencer that have parted company with their third Finance Director in the past five years and that their Director of Supply Chain and Logistics for Clothing and Home is also leaving after just two years, is yet another indication of just how serious a situation one of the … Continue reading Marks & Spencer and Seven Common Characteristics of Failing Retailers