Comment and Analysis
To say it has been a turbulent week for Sports Direct Group is an understatement.
Over the past few years, there have been a number of unexpected appointments to the top rungs of traditional fashion retailers, as they have sought to break away from accepted thinking.
Following the pre-pack administration purchase of Coast by Karen Millen this week, Drapers investigates the pros and cons of the process and what, if anything, can be done to make the process more transparent.
To stand still is to go backwards. This well-known mantra has been quoted a thousand times, but is more relevant today than it ever has been.
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Challenging times require strong leadership. Nowhere is this more true than on the UK high street, where fashion bosses are battling a sluggish economy and shaky consumer confidence in an ever-changing retail industry
As the House of Fraser saga rumbles on and the repercussions continue to hit suppliers, there is much debate about who should be held accountable for the department store chain’s demise.
There have been several times of late that I have urged the government to step in and support this industry, and unfortunately this week is no exception.
There are very few people that have had such an impact on the industry while keeping such a low profile as Philip Day.
House of Fraser’s announcement today that it is proposing to close 31 of its 59 stores is a sad but necessary development.
Helen Dickinson, chief executive of the British Retail Consortium, tells Drapers how the government can ease the pressure on the high street.