UK Retail Casualties 2019
At Retail, we do not have a 20/20 vision.
The UK has shown many casualties in 2019 on the high street and it is the continuation of closures over the past few years with small and big names such as
Matalan
Block Buster
BHS
Orla Kiely
ToyRUs
and specifically in 20219
Gerry Weber
House of Fraser
Jack Wills
Khaadi Fashion
Links of London
LK Bennett
Mamas and Papas
Mothercare
Pretty Green
Stefanel UK
and many more smaller companies of course.
Charlotte Olympia, Miss Pap, ...
In the USA, at the end of December, the Creditors took ownership of Tom Shoes.
In the USA, Roberto Cavalli closes as its investor will not put more money in the company.
...
We are not wrong when we mention reasons such as
* We are spending less due to the uncertainty of the economy
* We are not shoppers as we were before
* We face competition from the digital world and the likes of Amazon, Boohoo, Net A Porter
* We have been pushing retail brick and mortar stores for many years and now we have to close a few
...
However, we do no mention at all the lack of retail training.
When we act as Retail and Brand Expert at Who's Next in Paris, our numbers are shocking.
In excess of 70% of Retailers do not have the logic, the process & the numbers to drive an efficient merchandise plan and buying and merchandising strategy.
Today retail is about having the right product at the right time in the right quantity. This is about Art and Science.
Do you have what it takes?
Visit what we do with Global Fashion Management and our partner.
Committed to your success.
Build a 20/20 Vision and win at physical Retail. Yes, you can.
PS. Some Retailers carry some Brand Value and therefore some names will be bought over by a new owner (Pretty Green, Miss Pap, HOF...).
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*The top mistakes to avoid to grow the Brand
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A Client stated: "You care more about my business than I do". The reason is that we see the green flag where the business owner sees a red flag (or the reverse).
By attending this 3-day bootcamp (flexible attendance), Designers and business owners told us that they had the real feeling that it has opened new doors of opportunities.
They appreciated that we acted as a trusted advisor for their Brand.
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