Debenhams Faces Significant Profit Drop and Challenges Amidst Online Competition
Debenhams, the UK-based department store chain, is set to report a significant drop in profits next week, with estimates...
store closures
Mothercare Reports Q4 Sales Decline, Considers Store Closures
Embattled retailer Mothercare reveals a 2.8% decline in UK like-for-like sales in Q4, but online sales grow by 2.1%....
Carpetright Plans to Close Nearly a Quarter of Stores Amidst Struggling Sales and Online Competition
Carpetright plans to close 92 stores in a bid to avoid administration, citing online shopping as a major factor...
Mothercare Considers Store Closures and CVA Amidst Turnaround Efforts
Mothercare is considering closing a third of its stores and reducing rents through a Company Voluntary Arrangement (CVA), potentially...
Select Fashion Retailer Seeks CVA Amidst Struggling Retail Market
Genus UK, the parent company of fashion retailer Select, is seeking a Company Voluntary Arrangement (CVA) to cut rents...
New Look Closes 60 Stores Amid Poor Performance
New Look, a clothing retailer, plans to close 60 of its 593 stores due to poor performance and a...
Carpetright Considers Store Closures and Equity Sale to Address Financial Struggles
Carpetright, a struggling flooring retailer, is considering a Company Voluntary Agreement (CVA) to close underperforming stores and negotiate rent...
Toys R Us Announces Store Closures and Job Losses
In a shocking turn of events, all UK Toys R Us stores are set to shut down due to...
New Look Considers CVA to Reduce Rent and Close Underperforming Stores
In an effort to reduce its £1.2bn debt, fashion retailer New Look is considering a company voluntary arrangement (CVA)...
Carpetright Shares Plummet After Profit Warning and Store Closures
Carpetright shares plummet by a quarter after profit warning; trading conditions remain tough since January. Despite improved like-for-like sales,...