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Wilko collapse takes retail job losses to 100,000 since 2020

Retail Gazette

The 12,500 jobs at risk from Wilko’s collapse is set to take the number of job losses on the high street to more than 100,000 since 2020, according to new figures from the Centre for Retail Research. Some 24,179 jobs were lost in 2021 and 53,364 jobs were aced in 2020 when the pandemic took its toll.

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Retailers suffer longest dip in sales since Covid-19 lockdown

Retail Gazette

Retailers are suffering from the longest dip in sales since the 2020 pandemic as consumers cut back for the fifth consecutive month. Click here to sign up to Retail Gazette‘s free daily email newsletter Like-for-like sales across fashion, homewares and lifestyle slipped 1.3% Fashion was hit the hardest, with overall sales down 4.8%

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Carpetright drafts in advisers to cut costs

Retail Gazette

in the prior 18 months to October 31, 2020. Click here to sign up to Retail Gazette‘s free daily email newsletter In the 14 months to January 1, 2022, the company posted revenues of £372.6m down from £493.2m

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Pret A Manger co-founder returns amid boardroom shake-up

Retail Gazette

After spearheading the acquisition, Meyer became a board member in 2018 and also served as interim chief financial officer at the height of Covid-19 back in 2020. Click here to sign up to Retail Gazette‘s free daily email newsletter

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Evri owner prepares £2bn sale of the business

Retail Gazette

Advent International purchased a 75% stake in Evri, previously Hermes UK, in 2020 for a reported £850m. Click here to sign up to Retail Gazette‘s free daily email newsletter The private equity company is working with advisors from Rothschild to look at options for the firm, such as a potential sale, according to The Sunday Times.

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Mamas & Papas poaches Asda exec as new CFO

Retail Gazette

She joined Asda in 2020 as a senior finance exec for George, before being promoted to senior finance director for clothing and general merchandise in 2022. Click here to sign up to Retail Gazette‘s free daily email newsletter Mamas & Papas has poached Asda’s finance exec Sarah Ashby as its new chief financial officer.

Finance 98
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Homebase for sale for second time within four years

Retail Gazette

Hilco initially put Homebase up for sale in 2020 in a bid to capitalise on the pandemic boom for home improvement companies. Click here to sign up to Retail Gazette‘s free daily email newsletter However, Homebase ended the arrangement 18 months early after renegotiating the majority of its leases and improved profts.

Finance 115