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Oak Furniture Land’s cash-light position leaves it stumped

Oak Furniture Land was the latest high-profile retailer to fall into pre-pack administration amid the COVID-19 outbreak as its lack of liquidity left it exposed during the lockdown. Now, under new ownership, the furniture retailer’s prospects are positive, but its relatively high price points and narrow uniform aesthetic leave it vulnerable.

Superdry’s turnaround plan threatened as Covid-19 dampens clothing demand

Superdry’s woes were amplified in its final quarter of FY2019/20, with the impact of the COVID-19 pandemic stifling demand for clothing and footwear. While its CEO Julian Dunkerton has had significant plans to revitalise the company, the outbreak has put a major spanner in the works, with revenue declining by 36.9% during Q4 FY2019/20, resulting in sales for the full year falling by £166.2m to £705.5m.

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