Pavers has acquired online shoe retailer Herring Shoes for an undisclosed sum. Pavers, a family-run shoe retail business based in York, will continue to operate separately from Herring Shoes – which is also family-run but is based in Devon and focuses on men’s footwear. “Herring Shoes is an incredibly successful business and has focused on internet and international sales,” Pavers managing director Stuart Pavers said
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Shoon’s unsecured creditors are not expected to receive any of the total £1.6 million they are owed, according to its administrators. The footwear retailer called in administrators from Leonard Curtis last November, closing six of its ten stores and selling the rest to rival Shoot Shoe Company. According to a new report from its administrators, Shoon has £812,789 in available assets for preferential creditors, but this is expected to be worth just £35,489 in “realisable value” due to its stock values being written down.
Retail footfall dipped for the seventh month in a row in June as the heatwave deterred consumers from visiting shops, despite a boost in spending prompted by World Cup fever.
Over 1000 jobs are set to be slashed at Poundworld as its administrators have announced another 80 store closures. Deloitte, which was flown in to handle the administration last month, said the stores would close on the weekend of July 20-22, resulting in 1024 job losses
“I always thought it was a huge asset to have worked in so many parts of retail, I’m pretty certain it gave me a better understanding of what it took to do certain jobs and tasks because I’d been there and done it.” Asda’s former chief executive Andy Clarke may have all but left the sector, but his legacy and continued influence stands firm. Whether it’s his role in guiding the UK’s third largest grocer through one of its most transformational periods, laying the framework for the upcoming landmark merger between Asda and Sainsbury’s, or his outspoken and proactive stance on reducing plastic waste in retail, Clarke’s imprint on the current state of the sector should not be understated
Wilko has poached Specsavers retail director Craig McGregor to take on the same role in the latest in a string of senior appointments.
Hobbycraft has hailed a successful transformation strategy after revealing rising revenues for the eighth consecutive year. In the 12 months to February 2018, the arts and crafts retailer saw revenue increase 6.4 per cent to £168.5 million.
Asos has racked up another double-digit jump in sales, but warned that its full-year growth would be just short of market forecasts. Group revenues at the online fashion giant grew 22 per cent to £823.9 million in the four months to June 30
Embattled rent-to-own retailer Perfect Home has been sold to Brixworth Investments, safeguarding nearly 300 jobs. Last month the retailer put itself up for sale, drafting in Deloitte to handle the sales process, and was understood to have been valued at around £30 million.