Retail Gazette’s Post

Jonathan Reynolds MP maybe its time for a review of the administration process? What I find hard to swallow is when companies say they put the customer first...until things go wrong! here are a few suggestions.. 1...print on all debit cards a warning that you are not covered by credit protection if things go wrong ( we can put warnings on cigarettes! ) 2.. Make it easy for anyone who lost money to at least claim the VAT part back from HMRC as they didnt get the goods or services they were paying for? 3...How can companies still trade when they are so much in debt? maybe the thresholds for administration need to be lower stopping a company trading if they owe so much! 4...Give all instore customers the exact same rights as online especially around changing your mind or a refund. And finally to companies out there who think they put their customers first, stop accepting debit or cash payments for pre orders, offer a pay on delivery day option and stop taking customers money when you know full well you are in trouble!

🔴 Breaking news alert: Carpetright, the UK's leading flooring retailer, is at risk of collapsing, jeopardizing 1,800 jobs. This recent development emphasizes the challenges facing the retail sector. As the competition grows intense, it is imperative to adapt and innovate to stay afloat. #RetailCrisis #BusinessChallenges #AdaptAndInnovate https://ift.tt/pTnFvQk

This is an interesting look into the challenges furniture retailers continue to face within their supply chains, and how potential bankruptcies & liquidations will create opportunities for others. https://lnkd.in/eQjcFBmR

Here's the latest from Tempur Sealy International on its proposed acquisition of Mattress Firm and the Federal Trade Commission's move to block the deal. Check out the details from Furniture Today. #mattressindustrynews #mergersandacquisitions #beddingindustrynews #wevegotyoucovered #FTnews

📢 Exciting news! Have you heard about the latest updates on the future of Carpetright? According to BBC.com, the well-known carpet retailer is at risk of collapsing, potentially putting 1,800 jobs in jeopardy. This is a critical moment for the company and its employees, signaling the need for support and attention. As we navigate these challenges, it’s important to stay informed and advocate for the well-being of those impacted. Let’s come together to discuss solutions and offer our support during this uncertain time. #Carpetright #BusinessNews #SupportLocalBusinesses https://ift.tt/pTnFvQk

🚫 Carpetright is facing tough times, with 1,800 jobs at risk as it struggles to stay afloat. The BBC reports that the company is on the brink of collapse. This is worrying news for employees and the industry as a whole. It's crucial for us to support those affected and to recognize the challenges the retail sector is currently facing. Let's hope a solution can be found to save these jobs and keep this iconic brand afloat. #Carpetright #RetailCrisis #JobLosses https://ift.tt/pTnFvQk

Costs keep rising. And the change in retail pricing structure only keeps buyers out of the market until they perceive things getting better. That's why I'm trying to highlight all the changes in the market in a positive manner--alleviates the financial fear many clients are experiencing. #adjustments #pricing #retail #sales #furniture

More interested to see the percentage of backfill vs. new construction #realestate #cre #realty #construction #commercialrealestate #retail

LL Flooring is the latest retailer to announce a Chapter 11 filing. Known for years as Lumber Liquidators, the company announced the closing of 94 stores with plans to keep 300 units open. The company started out as a "closeout" retailer selling excess wood from other companies. The company rebranded to the LL Flooring brand in 2020. LL Flooring's announcement runs parallel with Big Lots announcement of closing 315 stores. The roots of both retailers harken back to selling closeout goods providing great margins and favorable prices to their customers. It's difficult to scale up a retail business with foundation built around closeouts. TJ Maxx & HomeGoods have mastered their evolution from the closeout business more so than others to date. Let's hope that LL Flooring and Big Lots can continue to find the right mix of inventory that works for their respective businesses and their customers. #retail #retailnews #retailtrends #closeouts #bankruptcy #cre #flooring https://lnkd.in/gnxBtuJA

The figures never lie! In retail, the bottom line is quickly apparent. Have a look at the latest guide from ClearCycle. #returnsmanagement #returns #retailsector