The number of retailers that have fallen into administration in the past year, including some major high street names, has increased significantly.
These businesses offer opportunities to buyers looking to take on a challenge and turn around a retail business in 2012. Just this week, Lou D’Ambrosio, the chief executive of Sears Holdings in the US has been giving advice on retail turnarounds. He claims success is all about “Knowing what our customers want to buy and how and then delivering that across platforms.” It seems that having ready cash to invest in stores and into an enhanced online presence is essential in these increasingly e-commerce led times.
