1. News
April 16, 2019

British fashion retailer Monsoon Accessorize to seek CVA

British fashion retail chain Monsoon Accessorize is reportedly considering a company voluntary arrangement (CVA) in a bid to restructure its business.

British fashion retail chain Monsoon Accessorize is reportedly considering a company voluntary arrangement (CVA) in a bid to restructure its business.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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With a network of 270 stores, the retailer is set to close ‘dozens’ of its stores and seek rent reductions on some of its sites, to continue operating the remaining stores, according to Sky News.

Accountancy firm Deloitte has been appointed to assist with the insolvency procedure.

A Monsoon Accessorize spokesperson told Sky News: “The UK retail trading environment is tough and we are continuing to look at options to reduce our overall costs as we restructure the business in the UK and internationally.

“We have made no secret of the fact that we have steadily reduced our store portfolio in recent years and shall continue to do so as leases expire. We are looking at options to accelerate these store closures.”

“We are continuing to look at options to reduce our overall costs as we restructure the business in the UK and internationally.”

Deloitte declined to comment on its position in assisting Monsoon Accessorize.

“We are continuing to look at options to reduce our overall costs as we restructure the business in the UK and internationally.”

Monsoon Accessorize is the latest UK fashion retailer be hit by the decline of the high street, after department chain Debenhams fell into administration last week.

GlobalData senior retail analyst Chloe Collins said: “It is essential that Monsoon Accessorize, like many other retailers over the last few years, works to reduce its high street presence.

“Monsoon, which commands just a 0.5% share of the UK womenswear market, has limited brand appeal and an unclear position on the high street. Little trend influence and higher price points than many of its rivals has meant that it has struggled to drive footfall and differentiate itself. With increased competition from the likes of Sosander, Mint Velvet and Hush, Monsoon has little opportunity to regain lost market share.

“Despite its own challenges, Accessorize has more potential to regain shopper spend if ranges become more fashion forward and the brand leverages social media to increase desire among a younger demographic.

“With store closures inevitable, it must protect and invest in its prime locations, namely travel retail sites, where high volume footfall, a captive audience and impulse shopper motivations suit the Accessorize proposition.”

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.