Iceland Foods’ Post

The news tells us all about the bankruptcy and number of stores set to close. You know what hasn't been so easy to find? How many lives are about to get turned upside down due to the closures. And that's a damn shame. These stores are BIG. Furniture, appliances, electronics, outdoor departments. Each dept. staffed by multiple salespeople. Admin staff for financing, orders, coordinating. Back of house ops for shipping and receiving. Guessing some non-store facilities (warehouse and corporate) are closing or cutting too. I'm willing to bet this means, conservatively, the elimination of 2,000 FT jobs. Probably way more. No doubt some much-needed PT jobs for many others. But that's not the headline. If it's anywhere, it's in the fine print. These are PEOPLE. Not just cogs in a money machine. It's indicative of a greater problem: Corporate finance is a MESS. Investments in all the wrong places. Not enough in the right ones. Hyping up dumb mergers and hoping the combined business gets acquired before the bills come due. And don't forget 10%+ YoY health insurance renewals, which slowly bankrupt employers and employees alike. 20% fraud, waste, and abuse is accepted as the norm in employer-sponsored benefit plans. Barely anyone bats an eye until it all falls apart. And they're still more worried about the numbers than the people. Share with the #recruiter in your life, because there's a silver lining: A lot of badass, hungry salespeople are about to hit the job market. Folks that really know how to grind. Most of them will assimilate fine into new industries with a little training. I know, because I did. I transitioned from furniture to employee benefits tech, and I'm happy to share how I did it with anyone wanting the same. Just put them in touch! Let's get these people (ALL of them, not just the sellers) back on their feet. https://lnkd.in/e8mmxfeH

I recently posted an article which mentioned that tight retail vacancy would lead to quick occupation of recently vacated store space. I wonder what effect the additional vacancies mentioned below will do to those metrics?

Interesting article and how consumer shopping trends are shifting.

Throughout my retail career, I have had the privilege of negotiating on behalf of my own companies (Foot Locker and Gap ) and then on behalf of our clients when I created my own business and businesses, the latter with a business partner focussing only on retailers. Successfully renegotiating existing lease terms and conditions for retailers and brands (long before the pandemic, which accentuated the issues) requires a unique set of skills, such as analytical, strategic, financial, legal, but the core ingredient is the human and interpersonal skill to achieve the outcomes required both for the landlords and our clients. In France, and across Europe, we have negotiated: Market exits for Tesco, Build-A-Bear Workshop, Ted Baker, among others; Store closures for Disney France, 7 For All Mankind, Mexx , Skagen, among others; Lease renegociations for TUMI, Fossil Group, Inc., Damart, GERARD DAREL, LA CURE GOURMANDE, Camaieu, Hard Rock Cafe, and others. We never share about current clients as confidentiality and discretion are our hallmark. We often work behind the scenes offering clients the knowledge, insights and solutions to achieve their objectives. In one case our client obtained twice as much in indemnity payment from the landlord than they were originally going to settle for thanks to the critical information and analysis we shared. Patience is THE key to the success of these kinds of intricate negotiations. Managing the client's expectations around speed, especially American clients, is not easy, as you explain to them how the market works, and why! If you are looking for a safe pair of hands reach out. If, on the other hand, you are looking to explore, or enter a new market across Europe, we are experts too! 😀 #leaserenegociations #successfulnegotiations #crossborderretail #topretailexpert #globalvoiceofretail CHRIS IGWE INTERNATIONAL

WHSmith is cutting over 100 manager roles across its travel store network as part of its restructuring plan focused on its growing travel business. #Retail #RetailNews https://lnkd.in/ewnuShjx

As Ted Baker navigates closures and job losses, similarly to The Body Shop, what strategies do you think will sustain high street brands in ever changing times? #TedBaker #HighStreetChallenges #RetailSurvival #Recruitment #JobLosses

Attention 99 Cents Only employees! The discount chain has announced the closure of all 371 stores across California, Arizona, Nevada, and Texas. Interim Chief Executive Mike Simoncic cited "significant and lasting challenges in the retail environment" as the reason behind this decision. We understand that facing unexpected job loss can be incredibly daunting. But please know, you're not alone. In times like these, support and guidance can make all the difference. If you've been affected by the closures of 99 Cent Only Stores, remember, there's help available. LFECR specializes in assisting individuals like you in navigating through this challenging period, offering resources and personalized support to ease the transition. For more information, check out the article linked below: 🔗 https://bit.ly/3Wh6Epu You can also reach out to LFECR directly at 📞 888-739-3092 for a private consultation. #JobLossSupport #LFECR #CommunityHelp #WeAreHereForYou

More challenges for the retail world… Big Lots looks to prepare for bankruptcy. I have been rooting for this group for a long time…a favorite store of my family. This is the store that my husband and I went to frequently when we were just forming a family to try and find deals that gave us access to everything from holiday decor, our first outdoor patio set, and of course just good finds!! Sending well wishes to all those affected as they look to find their next chapter. Below is a post from Burlington Stores, Inc. who are hiring and it sounds like more retailers will also be posting updated job positions. #retailindustry #biglots #retailnews

Superdry has detailed its restructuring plan, where it expects to make an unspecified number of job losses as a result of store closures and the delisting process. Find out more below. #fashionnews #retailnews #superdry #administration #jobcuts