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Alvarez & Marsal are most popular: within Insolvency/Bankruptcy/Re-Structuring, Law Department Performance and Criminal Law topic(s) Erin Brookes joined Kriti Gupta and Guy Johnson on Bloomberg's The Opening Trade to discuss the evolving dynamics of Black Friday and its influence on the UK retail market as the holiday shopping season kicks off.
AM Alvarez & Marsal More Retailers are revealing greater optimism as the golden quarter approaches. With an improving economic outlook and rising consumer confidence, retailers await a stronger end to the calendar year. United States Corporate/Commercial Law
Erin Brookes, managing director and head of retail at Alvarez & Marsal, discusses how the restructuring firm behind Cath Kidston’s administration and footwear retailer Office’s sale process is spotting vulnerable retailers in the current retail climate. This is the most challenging thing that retail has ever had to experience. I cannot think of a time like this in my lifetime – it is truly unprecedented.
Last year was a rollercoaster year for the retail industry. Concern continued due to ongoing macro trends such as rising inflation, stalling wage growth, and the migration to online, and we also saw the return of big ticket M&A transactions in the sector. For 2018, we expect retail businesses with large footprints to struggle, especially those with long unexpired lease terms and large format stores.
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