Every year at the start of the ‘Golden Quarter’ in October, all retailers face uncertainties about their critical sales performance leading up to Christmas. Have they committed to enough stock (but not too much) of the key selling products? Will they lose sales or profit because of competitors price reductions? Have they enough sales staff … Continue reading A very uncertain few weeks for UK Retail
(Please note that some of the content of this post has previously been published in my comments over the past three days to both Retail Assist and the Nottingham Post) Whatever happens over the coming three months, this ‘Golden Quarter’ for UK retail is going to be completely different, and for all sorts of reasons. … Continue reading UK Retail’s ‘Golden Quarter’
(Two paragraphs from this blog post are comments from me which have already appeared in an online article about Asda published online earlier today by Retail Gazette) Although not directly involved in this deal, the relatively short history of the EG Group which is owned jointly by the Issas brothers and the private equity form … Continue reading Asda under new ownership – what might happen?
Commercial property rents for the fourth quarter of 2020 are due to be paid tomorrow. However most people expect that less than 70% of the total £2.7bn due will be paid within the next couple of months and so reflect what has happened in the previous two quarters since the unprecedented disruption to so many … Continue reading Landlords and their retail tenants must work together to avoid irreparable damage
(Some of the following was included in my response to questions on the BBC Radio 4 Consumer Programme ‘You and Yours’ on 21st September 2020) As has been well documented, Intu, the owner of 17 shopping centres around the UK tumbled in administration in June. Intu’s problems were a combination of a huge £4.5 billion … Continue reading INTU Derby – The Eagle has Landed
The problems for Cath Kidston, like so many other ‘legacy’ UK retailers, started after the global financial crash in 2008. Having been privately owned from its founding back in 1993, and with fewer than 20 stores in 2010, a stake was then sold to US-based private equity firm TA Associates in a deal that was … Continue reading Cath Kidston problems go back almost a decade: it’s not just about COVID-19
On 1 November 2018, the BBC published an article on the front page of its website which warned that more than 200 UK shopping centres were in danger of falling into administration. The article quoted me as agreeing that this risk was real because there are "too many of them (shopping centres) doing exactly the … Continue reading Future of many UK Shopping Centres in doubt as impact of COVID-19 adds to their problems
Note - This blog was previously published on the Nottingham Trent University website at https://www.ntu.ac.uk/about-us/news/news-articles/2020/03/expert-blog-its-not-all-about-panic-buying-with-covid-19 As 21st-century consumers, we are now used to having thousands of grocery products available on our local supermarket shelves 24/7 but then in a matter of days, this has suddenly been in question. However, a closer look at the business … Continue reading COVID-19: It’s not all about ‘panic buying’
The 2019 results announced earlier today by the UK’s biggest shopping centre owner, Intu Properties plc are worrying for many UK towns and cities - in particular it’s warning of a “material uncertainty” over its ability to continue as a going concern as it reported a £2 billion loss driven by a sharp decline in … Continue reading Retail in Nottingham – Intu the Future?
Back in early 2018, after almost a year of testing with its employees, Amazon opened its first Amazon Go store to the public in Seattle. The cashier-free convenience store concept, which used Amazon’s ‘Just Walk Out’ technology, gathered a huge amount of media coverage around the world as well as long lines of shoppers outside … Continue reading Just when you thought things had gone quiet, it’s all Go with Amazon!