{"id":13949,"date":"2018-11-19T15:45:19","date_gmt":"2018-11-19T15:45:19","guid":{"rendered":"https:\/\/www.icebreakerexecutive.com\/?p=13949"},"modified":"2018-11-19T15:45:19","modified_gmt":"2018-11-19T15:45:19","slug":"retail-cvas","status":"publish","type":"post","link":"https:\/\/winningthinking.co.uk\/?p=13949","title":{"rendered":"Retail CVAs"},"content":{"rendered":"<p>I attended a &#8220;retail burial club event&#8221; last night relating to the effectiveness of CVAs in retail. My summary of the retail headwinds are as follows &#8211; HMRC debt recovery &#8211; preferential creditor status &#8211; falling demand &#8211; buying what don&#8217;t need &#8211; over-fuelled by digital &#8211; property over valuation &#8211; inflexible lease agreements &#8211; personal liability for HMRC debts &#8211; the unrealistic focus on endless growth &#8211; the unpaid price of buying cheap clothes on the environment &#8211; fast growth e commerce companies like ASOS deflating gross margins &#8211; since 2002 public sector debt and personal debt fuelled growth &#8211; online sales are only 17% so other goods are c30% Sales per sq&#8217; remains the main metric in high street retail The most difficult turnarounds are those with falling demand, ultimately stalling demand and the environmental \/ unsustainability impact of excessive buying of cheap products will screw the environment. This is before China&#8217;s aggressive profitless growth models like JD and Didi get started in Europe, some aspects that investors of the ASOS fast growth \/marginal profit model. There is a future for retail in the UK, it is the largest employer, many have a good future and online is not utopia! The inability to pay rent might precipitate a property price crash. Lets see..<a href=\"https:\/\/www.retailresearch.org\/whosegonebust.php\">https:\/\/www.retailresearch.org\/whosegonebust.php<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I attended a &#8220;retail burial club event&#8221; last night relating  [&#8230;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[17,30],"tags":[],"class_list":["post-13949","post","type-post","status-publish","format-gallery","hentry","category-turnaround","category-winningthinking-though-leadership","post_format-post-format-gallery"],"_links":{"self":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/13949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13949"}],"version-history":[{"count":0,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/13949\/revisions"}],"wp:attachment":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}