The better the question. The better the answer. The better the world works. У вас есть вопрос? У нас есть ответ. Решая сложные задачи бизнеса, мы улучшаем мир. У вас є запитання? У нас є відповідь. Вирішуючи складні завдання бізнесу, ми змінюємо світ на краще. Meilleure la question, meilleure la réponse. Pour un monde meilleur. 問題越好。答案越好。商業世界越美好。 问题越好。答案越好。商业世界越美好。


  • General retailers

    Highest percentage of retailers warn in a decade

    In Q4 2018, FTSE General Retailers issued eight profit warnings, taking 2018’s total to 36 – a 50% year-on-year rise. In 2018, 38% of the sector warned, the highest since 2018.

    A combination of a relentless margin squeeze, the continuous need for reinvention and falling consumer confidence made 2018 an exceptionally tough year.

    Disposable incomes may rise in 2019, but many retailers will still struggle to keep pace with structural change – with Brexit adding a further layer of uncertainty.


    Little respite in 2019

    Much of the retail distress we’ve seen in the last year ultimately stems from a struggle to meet short-term sales challenges and to adapt to rapid, but seismic, shifts in consumer behaviour. What could 2019 hold? Jessica Clayton discusses profit warnings in the Retail sector.

  • Real Estate

    Retail revolution raises questions for landlords

    British retailers closed the highest number of stores in eight years in 2018. Unlike 2010, the closures were driven primarily by structural change, rather than economic pressure with no chance of the online revolution reversing.

    Modest leverage and low interest rates have limited landlord distress thus far. Prime locations still have high levels of occupancy and are managing to re-let empty sites, in part by attracting non-traditional retailers. But, there is only one direction of travel and changing customer behaviour will continue to challenge retail landlords in 2019 – especially in secondary and tertiary locations.


    Retail landlords face fundamental questions

    Retail has been through many periods of radical change before, but none which have brought into question the future of shops themselves. There is still a place for physical stores, but far fewer than we have now. So, what happens next? Fergal O’Reilly discusses the outlook for retail landlords.

Contact us:

Alan Hudson

UK&I Head of Restructuring

Jon Morris

Partner, UK&I Restructuring

Lee Watson

Partner, UK&I Restructuring

Kirsten Tompkins

Market Analyst and Author