After BHS, Austin Reed Was Also Forced To Join In Bankruptcy.

The market of high-end market is not as stable as we imagined.

Especially when the men's wear market is generally shrinking, many retailers are miserable.

We talked about England some time ago.

The company BHS filed for bankruptcy, but then Austin Reed, a 116 year old senior British menswear retailer, also announced bankruptcy protection.

Therefore, the bankruptcy of two old department stores is likely to bring greater pressure on employment in the UK.

It is reported that

D has hired consultant Alix Partners to make valuation for sale.

However, the unemployment rate caused by two chain stores will increase to 12 thousand and 200.

Because of the global market downturn,

The strong implementation of the anti-corruption policy has led to a more sluggish men's wear market. In addition, the backward management of Austin Reed is also an important factor contributing to the decline in the profitability of the group.

The demand for traditional men's symptoms has dropped sharply, which makes Austin Reed and other streams difficult.

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Despite the fact that the little prince of England is wearing Crocs shoes, there is a hole in the UK and the world. However, due to the backwardness of the design, the sales performance of the cave shoes is not as good as expected.

It is learnt that since the design of early spring failed to trigger widespread good sales response, investment bank analysts lowered the rating of Crocs from buying to holding.

Analysts say that due to the difficult retail environment in the world, the brand momentum of Crocs has not yet been established, and the sales prospect is uncertain. However, Crocs's expectations for future sales are "too high" to achieve "high digits". Therefore, investment banks have lowered their ratings.

In addition, analysts pointed out that the Crocs profit in the past two quarters was not as good as expected, while the group's expectations for 2016 EPS have been declining. Therefore, the investment bank that issued the statement also downgraded its rating.

The hopeless Crocs still takes measures to seek growth, but as profitability continues to deteriorate, it is inevitable for investment banks to decline. Even if there is a free advertising campaign of the little prince, Crocs will rise, but it will never help.