Leader: Retail’s star can’t only shine at Christmas
In a few days, the tumult of Christmas trading will be over. The short time before the January Sales kick off – in-store at least – brings a chance to reflect on the retail year gone by.
It was a tumultuous 12 months as the industry was convulsed by change, and fortunes sometimes turned on a sixpence.
2019 was a year when some of the mighty were humbled. Arcadia tycoon Sir Philip Green was forced to put his Topshop to Dotty P fashion empire through an acrimonious CVA.
The same fate befell Monsoon entrepreneur Peter Simon while Ted Baker, which had previously barely ever put a foot wring suffered an annus horribilis that brought not just the departure of founder Ray Kelvin but a string of profit warnings.
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