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Retail Update - June 2017
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Posted At: 16 June 2017 11:39 AM
Related Categories: Administrations, Retail, Retail Statistics, Retailers |
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May was a month of change on the high street. German womenswear brand Basler fell into administration; Joy was bought out of administration by its owners in a pre-pack deal; and Edinburgh Woollen Mill acquired the Jaeger name. Additionally, Edinburgh Woollen Mill embarked on a new department store concept, Days, which launched in a former BHS store in Carmarthen. read more...
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Retail Update - May 2017
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Posted At: 19 May 2017 16:32 PM
Related Categories: Administrations, General, Retail Statistics |
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This month's retail update gives you key retail statistics for the previous month. read more...
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Retail Update - April 2017
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Posted At: 26 April 2017 10:20 AM
Related Categories: Administrations, Retail, Retailers |
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The latest retail update from FSP for the last month read more...
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Retail Update - December 2016
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Posted At: 16 December 2016 12:40 PM
Related Categories: Administrations, Retail, Retailers |
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As we rapidly head towards the end of 2016, it has been pleasing to see that no administrations have been recorded on SnapShop since our last update. read more...
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Retail Update - November 2016
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Posted At: 18 November 2016 00:29 AM
Related Categories: Administrations, Retail, Retailers |
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Since our last update, SnapShop has recorded three administrations. read more...
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Retail Update - October 2016
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Posted At: 20 October 2016 16:45 PM
Related Categories: Administrations, Retail, Retailer At Risk, Retailers |
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Since our last update, bakery and catering company Peyton and Byrne has gone into administration following the loss of contracts at London’s Kew Gardens and the British Library. The bakery business has been sold as a separate entity to Peyton and Byrne Bakeries Limited, a new business owned by the Peyton family, and its five existing public catering contracts have been sold as part of a pre-packaged sale to foodservice company Sodexo. read more...
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Retail Update - September 2016
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Posted At: 20 September 2016 10:54 AM
Related Categories: Administrations, Retailers |
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No administrations have been reported since our last update; in fact many retailers seem to be announcing ambitious expansion plans along with those making their debut in the UK such as Australian retailer Typo read more...
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Retail Update - July 2016
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Posted At: 21 July 2016 16:16 PM
Related Categories: Administrations, Retail Marketing, Retailers |
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A lot has happened since our last update – 52% of the UK decided we would be better off out of the EU; BHS has started closing stores as no buyer has been found; Taking Shape has shut all UK stores and appointed a liquidator to its UK subsidiary; My Local fell into administration; and, Store Twenty One is looking to close 82 stores having had its CVA approved. read more...
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Retail Update - June 2016
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Posted At: 16 June 2016 15:27 PM
Related Categories: Administrations, Retail |
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Since our last update, Austin Reed has failed to attract a buyer and its entire physical portfolio will cease trading by the end of June 2016. BHS is heading down the same route in what has been a sad month for the high street. read more...
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Retail Update - May 2016
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Posted At: 19 May 2016 17:13 PM
Related Categories: Administrations, Retail, Retailer At Risk, Retailers |
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Since our last update, when BHS and Austin Reed Group had negotiated CVAs, both have now succumbed to administration. Although both have attracted a lot of interest, no announcement has yet been made regarding the future of these iconic brands. read more...
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Retail Update - April 2016
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Posted At: 21 April 2016 16:00 PM
Related Categories: Administrations, Retail, Retailers |
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With the CVAs of Beales and BHS approved last month, April saw Scottish independent Xile Clothing fall into administration and subsequently rescued by JD Sports-owned Tessuti. read more...
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Retail Update - March 2016
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Posted At: 29 March 2016 00:27 AM
Related Categories: Administrations, Retail Statistics, Retailers, Store Closures |
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The past month has seen a bit of turmoil on the high street, although no administrations have been recorded on SnapShop.
BHS proposed a CVA at the beginning of March which was subsequently approved this week to enable it to reduce rents in 40 loss-making stores as it looks to continue to trade through its turnaround plan
read more...
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Retail Update - February 2016
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Posted At: 24 February 2016 00:42 AM
Related Categories: Administrations, Retail, Retail Property, Retail Statistics |
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No administrations have been recorded on SnapShop since our last update. Brantano, which was placed into administration in early January, was acquired by its former owner Alteri Investors in mid-February. Some 58 stores and concessions were not included in the Alteri acquisition. read more...
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Retail Update - January 2016
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Posted At: 26 January 2016 10:40 AM
Related Categories: Administrations, Retail, Retailers |
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Since our last update Christmas has come and gone and we have the first retail casualty of 2016 – Brantano. Having been loss-making for a number of years, Brantano’s demise was not unexpected. Macintosh Retail Group sold Brantano and sister company Jones Bootmaker to Alteri in November 2015 who subsequently appointed advisers to look at options for the chain. read more...
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Retail Update - December 2015
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Posted At: 17 December 2015 16:24 PM
Related Categories: Administrations, Retail, Retailers |
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December has again been quiet on the administration front with nothing recorded on SnapShop.
Rumours have been flying around concerning the future of BHS, but with their recent high profile appointments we will be keeping a close eye on them as Retail Acquisitions continues to turn the chain around. read more...
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Retail Update - November 2015
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Posted At: 20 November 2015 16:30 PM
Related Categories: Administrations, Retail, Retailers |
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October has been a fairly quiet month in terms of administrations, with the exception of Garage Shoes which underwent a pre-pack administration saving jobs and stores. read more...
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Retail Update - October 2015
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Posted At: 22 October 2015 15:32 PM
Related Categories: Administrations, Retail |
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Although there have been no recorded administrations on SnapShop again this month, all is not necessarily well on the high street. Quiksilver and American Apparel, who both filed for Chapter 11 bankruptcy in the US, have secured new financing packages enabling them to exit bankruptcy and restructure their operations; and, Sports Direct and Direct Golf are currently locked in a legal battle of ownership for the golf brand. read more...
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Retail Update - August 2015
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Posted At: 21 August 2015 00:31 AM
Related Categories: Administrations, Retail |
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There have been no recorded administrations on SnapShop since our last update. Many retailers are in fact embarking on expansion plans, both in the UK and abroad, to take advantage of an upturn in the economy, improving consumer sentiment and town and shopping centre redevelopments. read more...
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Retail Update - July 2015
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Posted At: 23 July 2015 16:49 PM
Related Categories: Administrations, Retail, Retailers |
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There have been no administrations recorded on SnapShop since our last update. In fact, much of the news reported recently has been very positive and concerns retailers across the spectrum announcing ambitious expansion programmes throughout the UK and abroad, and retailers making their debut in the country, such as Australian stationer Kikki.K looking to take on the likes of Paperchase. read more...
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Retail Update - June 2015
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Posted At: 18 June 2015 16:19 PM
Related Categories: Administrations, Retail |
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There has been one administration since our last update – Sphere and Turret. After struggling with financial difficulties it was announced in May that all 16 stores across central Scotland had closed. No further news on this has been reported. read more...
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Retail Update - April 2015
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Posted At: 24 April 2015 11:00 AM
Related Categories: Administrations, Retail, Retailers |
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Continuing the trend seen last month there have been no reported administrations on the FSP Retailer Database, signalling improved sentiment in UK shoppers. This is evidenced by GfK’s Consumer Confidence Index being at its highest level for almost 13 years at +4, having recorded a rise of eight points in just three months. read more...
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Retail Update - February 2015
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Posted At: 25 February 2015 11:26 AM
Related Categories: Administrations, Retail, Retail Statistics, Retailers |
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FSP’s retailer database has recorded one administration since our January update, bakery retailer Cooplands of Doncaster. Cooplands underwent a pre-pack administration process which saw the closure of 39 stores and the loss of 300 jobs. ReSolve acquired the remaining 42 shops. read more...
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Retail Update - January 2015
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Posted At: 28 January 2015 10:00 AM
Related Categories: Administrations, Retail, Retailers |
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Since our last update, and indeed since the start of 2015, there have been two administrations recorded on SnapShop – Bank (06/01) and USC (16/01) – with Austin Reed announcing a Company Voluntary Arrangement and store closures (26/01). read more...
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Retail Update - December 2014
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Posted At: 18 December 2014 15:12 PM
Related Categories: Administrations, Retailer At Risk, Retailers |
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With Christmas fast approaching, it is pleasing to note that other than Mexx – which had very little UK presence left following financial troubles in 2008 and has now been declared bankrupt... read more...
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Retail Update - November 2014
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Posted At: 21 November 2014 00:59 AM
Related Categories: Administrations, Retail |
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No administrations have been recorded on SnapShop since our last update, although it has emerged that the demise of the former mobile phone retailer Phones 4U will cost the UK taxpayer £78 million. read more...
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Retail Spotlight: Phones 4 U
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Posted At: 22 September 2014 00:24 AM
Related Categories: Administrations, Retailer At Risk, Retailers |
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Founded in 1987 by the Caudwell Group, Phones 4 U was the UK's fastest growing independent mobile phone retailer with more than 690 stores across the UK and Northern Ireland, and an online shopping facility. On 26 September 2006, the business was sold for a sum of £1.46 billion to private equity firms Providence Equity Partners and Doughty Hanson, before later being sold on again to BC Partners in 2011.
read more...
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Retail Spotlight: La Senza
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Posted At: 14 August 2014 00:57 AM
Related Categories: Administrations, Retailers |
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During its short trading life, La Senza had planned to expand its collection of stores, and elevate the brand to the ‘biggest, young fashion, lingerie retailer’. However, the company has dipped in and out of administration twice in the last three years, and, with no prospective buyers on the horizon, appointed administrators PricewaterhouseCoopers are attempting to sell the company to other retailers. Read on for FSP’s overview of the brand’s trading history and highlights of where the cracks started to show. read more...
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Retail Update - July 2014
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Posted At: 24 July 2014 16:41 PM
Related Categories: Administrations, Retail, Retailers |
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Since our last update, another two retailers have succumbed to administration, and not for the first time. Jane Norman fell into administration for the second time in three years at the end of June. Owner Edinburgh Woollen Mill said Jane Norman would continue to operate through its website and internal concessions
read more...
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Retailer Births and Deaths: Q2 Update
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Posted At: 15 July 2014 00:34 AM
Related Categories: Administrations, Retailers |
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Which new names have we seen join the UK’s retail market and which retailers have fallen into administration over the last quarter to June 2014? read more...
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SnapShop Monthly Summary - June 2014
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Posted At: 19 June 2014 11:48 AM
Related Categories: Administrations, Retail |
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SnapShop recorded one administration in June – Lakeland Leather. Following sales being affected by low demand over the mild winter, Lakeland appointed McTear, Williams and Wood as administrator... read more...
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SnapShop Monthly Summary - May 2014
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Posted At: 22 May 2014 15:49 PM
Related Categories: Administrations, Retail Statistics |
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Consumer confidence continues to improve, as evidenced with a 6.2% rise in UK retail sales during April according to ONS figures, in which some £28bn was spent over the course of the month. read more...
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SnapShop Monthly Summary - April 2014
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Posted At: 29 April 2014 14:00 PM
Related Categories: Administrations, Retail, Retailers |
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In April it was announced that the Healthy High Streets campaign - a new coalition of government, retailers and business leaders - aims to create 3,000 new jobs on UK high streets, boost footfall and reduce vacancy rates. read more...
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SnapShop Monthly Summary - March 2014
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Posted At: 27 March 2014 11:35 AM
Related Categories: Administrations, Retailers |
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Two administrations have been reported on SnapShop since February. Albemarle & Bond and Internacionale both appointed PwC as administrator. read more...
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Retail Spotlight- Internacionale Collapses into Administration
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Posted At: 04 March 2014 13:15 PM
Related Categories: Administrations, Retailers |
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Despite previous plans to expand the brand’s awareness and consumer reach, Internacionale have officially gone into administration after months spent battling closures across the UK, with PwC appointed as administrators. read more...
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Differentiating the best
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Posted At: 08 January 2014 11:51 AM
Related Categories: Administrations, Retail |
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With a prophetic touch, FSP’s Christmas commentary this time last year ended with “Undoubtedly as more results are published, we will see the strength of those who..." read more...
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Retail Update – December 2013
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Posted At: 19 December 2013 10:17 AM
Related Categories: Administrations, Retail |
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With Christmas fast approaching, the FSP database powering SnapShop shows us that December has been a bit gloomy, littered with administrations and store closures. read more...
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Retail Update - November 2013
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Posted At: 14 November 2013 16:13 PM
Related Categories: Administrations, Retail, Retail Property, Retail Statistics, Retailers |
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In spite of what seems to be a gradual recovery in the UK retail market, with shopping centre landlords planning extensions and refurbishments to their portfolios, retailers announcing ambitious growth plans both for the UK and abroad, and international retailers making their debuts in the UK... read more...
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Out With The Old; In With The Old
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Posted At: 13 September 2013 00:00 AM
Related Categories: Administrations, Retailers |
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The recent news of Mostyns falling into administration for the second time less than a year after it was sold through a pre-pack deal, got the SnapShop team thinking about just how widely they have been used since the start of the financial crisis in 2008. According to figures from the Insolvency Service, around a quarter of all administrations in 2011 were pre-packs. Around 85% of these were sold to parties, namely directors, already linked to the business. read more...
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Retail Update - July 2013
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Posted At: 18 July 2013 11:15 AM
Related Categories: Administrations, Retail, Retailers, Store Closures |
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Research by Deloitte shows that the number of retail administrations fell by 30% in the first half of 2013, with a reported 87 collapses compared to 124 in the same period last year. Since our update last month, this list now includes: read more...
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Retail Spotlight – Dwell ceases trading
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Posted At: 21 June 2013 11:10 AM
Related Categories: Administrations, Retail, Retailers, Store Closures |
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Following a cash-flow crisis and failed attempts to find a buyer or secure fresh working capital, Duff & Phelps were appointed as administrator to the furniture chain, Dwell. read more...
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Retail Spotlight – Republic collapses into administration
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Posted At: 13 February 2013 15:37 PM
Related Categories: Administrations, Retail, Retailers |
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Following the collapse of fashion chain Republic; we bring to you an overview of the retailer’s trading over the years and highlights of the collapse read more...
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Retail Spotlight – JJB collapses into administration
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Posted At: 01 October 2012 17:32 PM
Related Categories: Administrations, Retail |
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Administrators KPMG have been called in after JJB collapsed into administration, leading to the closure of 133 shops and 2,200 job losses read more...
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Welcome to the Madhouse
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Posted At: 08 February 2012 17:33 PM
Related Categories: Administrations, Retailers |
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Stocking brands like Calvin Klein, Nike and Lee Cooper at discount prices, one might assume Madhouse would work well in the current climate, but their past has been anything but rosy; think rocky and you’re on the right track. read more...
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Retail Spotlight – Peacocks calls in the administrators
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Posted At: 19 January 2012 15:34 PM
Related Categories: Administrations, Retailers, Social Commentary |
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Despite reporting a like-for-like sales increase of 17% over the Christmas period, Peacocks’ problems ran much deeper – after months of struggle, Peacocks calls in the administrators making it the biggest retailer to collapse. read more...
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Retail Spotlight – Pumpkin Patch UK subsidiary goes into administration
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Posted At: 19 January 2012 15:23 PM
Related Categories: Administrations, Retail, Retailers, Store Closures |
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Following the announcement of collapse of children’s store Pumpkin Patch in the UK; we bring to you an overview of the retailer’s financial performance over the years and highlights of the latest news
read more...
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Retail Spotlight - Past Times on brink of administration
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Posted At: 04 January 2012 10:21 AM
Related Categories: Administrations, Retail, Retailers |
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The board of Past Times, which is owned by Epic Private Equity, confirmed that it intends to appoint administrators in the New Year, placing approximately 1,000 jobs at risk read more...
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Retail Spotlight – D2 Jeans goes into administration
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Posted At: 04 January 2012 10:00 AM
Related Categories: Administrations, Retail, Retailers, Store Closures |
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Store chain D2 Jeans collapsed into administration again, making 200 staff redundant and putting hundreds more jobs at risk. Administrators closed 19 UK stores - including six in Scotland - and laid off shop workers at the Ayrshire-based firm. read more...
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Retail Spotlight - Hawkin's Bazaar in administration
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Posted At: 04 January 2012 00:34 AM
Related Categories: Administrations, Retail, Retailers |
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Hawkin's Bazaar brand collapsed into administration, putting 380 staff at risk read more...
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Retail Spotlight – Barratts Priceless plunges into administration
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Posted At: 09 December 2011 14:17 PM
Related Categories: Administrations, Retail, Retailers, Store Closures |
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How cruel that quarter rent day is on Christmas day. When tills should be ringing, for some, there may only be the sound of doors slamming shut, including high street footwear retailer Barratts. read more...
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Retail Spotlight – Hub goes into liquidation
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Posted At: 29 September 2011 14:34 PM
Related Categories: Administrations, Retailers |
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...Hub became the latest casualty as Rent Day loomed...
read more...
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September Rent Day Looms. . .
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Posted At: 28 September 2011 12:16 PM
Related Categories: Administrations, Retailers |
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As the quarter rent day approaches on Thursday, SnapShop asks just how many retailers are going to hit the buffers this time? read more...
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Retail Spotlight – Walmsley sinks into administration
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Posted At: 02 September 2011 15:00 PM
Related Categories: Administrations, Retail, Store Closures |
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Furniture chain Walmsley has become the latest casualty of the consumer spending downturn after collapsing into administration... read more...
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Retail Spotlight - Floors-2-Go crashes again with 192 job losses
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Posted At: 25 August 2011 14:57 PM
Related Categories: Administrations, Retail, Retailers, Store Closures |
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35 out of 88 stores have been bought by Nixon & Hope – which was formed this month by former Floors-2-Go directors Parjinder Sangha and David Vizor read more...
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Retail Spotlight – TJ Hughes store closures- Updated
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Posted At: 12 August 2011 00:24 AM
Related Categories: Administrations, Retail, Store Closures |
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...update on store closures and highlights of the administration...
read more...
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Retail Insolvencies in Q2 2011
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Posted At: 28 July 2011 15:00 PM
Related Categories: Administrations, Retail Statistics, Retailers, Store Closures |
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The number of UK Company insolvencies fell in the second quarter... read more...
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Retail Spotlight - Moben, Sharps and Dolphin owner collapses into administration
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Posted At: 27 June 2011 15:39 PM
Related Categories: Administrations, Retail, Store Closures |
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HomeForm collapsed into administration, putting 1,300 jobs at risk read more...
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Retail Spotlight – Jane Norman goes into administration
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Posted At: 27 June 2011 15:28 PM
Related Categories: Administrations, Jane Norman, Retail, Store Closures, Womenswear Retailer |
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Jane Norman collapses into administration putting 1,600 jobs at risk. Retailer closed its 90 UK stores over the weekend after it failed to find a buyer for the business. Zolfo Cooper have been appointed as administrators read more...
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Retail Spotlight - Haldanes in Administration
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Posted At: 20 June 2011 17:10 PM
Related Categories: Administrations, Retail, Store Closures |
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Haldanes has closed all its 23 shops after the owners filed an administration order. It is expected four will reopen
read more...
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Retail Spotlight –V8 Gourmet enters administration
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Posted At: 20 June 2011 10:10 AM
Related Categories: Administrations, Retailers, Store Closures |
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V8 Gourmet has collapsed into administration again despite receiving last minute backing from new investors. Investment group Calleon stepped... read more...
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Retail Spotlight – Life & Style collapsed into administration
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Posted At: 10 June 2011 15:17 PM
Related Categories: Administrations, Retailers, Store Closures |
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Following the recent news that the fashion and homewares retailer Life & Style has collapsed into administration. read more...
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Retail Spotlight – Georgina Goodman goes into administration
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Posted At: 08 June 2011 10:00 AM
Related Categories: Administrations, Retail, Retailers, Store Closures |
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Premium footwear retailer Georgina Goodman has collapsed into administration
read more...
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Retail Spotlight – Peter Werth & Pink Soda for sale
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Posted At: 18 May 2011 00:53 AM
Related Categories: Administrations, Retail, Retailers |
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Peter Werth and Pink Soda have collapsed into administration in May 2011 read more...
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Retail Spotlight - Focus in Administration - Updated
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Posted At: 06 May 2011 10:10 AM
Related Categories: Administrations, Retail, Retailers |
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Focus collapsed into administration putting 3,919 jobs at risk. read more...
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Retail Spotlight - Blue Inc
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Posted At: 13 April 2011 00:29 AM
Related Categories: Administrations, Retail, Retailers, Store Closures |
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Blue Inc has taken on 46 The Officers Club stores after the latter fell into administration in March 2011 read more...
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Retail Administrations - 2010
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Posted At: 21 March 2011 17:00 PM
Related Categories: Administrations, Retail, Store Closures |
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There were 32 retail administrations in 2010, versus 72 in the comparable period of 2009.
read more...
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2009 Review
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Posted At: 04 January 2010 16:44 PM
Related Categories: Administrations, Future of Retailing, General, Retail, Retailers, Social Commentary |
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A look back at some of the top retail stories from 2009 read more...
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Borders UK collapses into administration
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Posted At: 27 November 2009 00:17 AM
Related Categories: Administrations |
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Borders UK collapses into administration read more...
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Luella ceases trading
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Posted At: 11 November 2009 15:12 PM
Related Categories: Administrations |
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Luella ceases trading read more...
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First Quench in Administration
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Posted At: 30 October 2009 15:55 PM
Related Categories: Administrations, Retailers |
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First Quench Retailing, the UKs largest chain of independent off-licences, fell into Administration today.
read more...
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Borderline
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Posted At: 09 October 2009 16:55 PM
Related Categories: Administrations, Future of Retailing, Retailers |
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Should Borders concentrate on rectifying their existing problems, or is moving out of the dwindling book market the only way they can survive? read more...
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