Retail news
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Mothercare enlists Lovefilm boss as CEO
- Posted:
- 08 February 2012 10:07
The boss of movie rental firm Lovefilm, Simon Calver, was today unveiled as the new chief executive of struggling retailer Mothercare.Mr Calver will join Mothercare on April 30th after seven years at the helm of Amazon-owned Lovefilm, as the parenting group moves to boost its online presence in the UK.The ...read more
Mothercare offsets UK slowdown with overseas sales
- Posted:
- 12 January 2012 10:28
Mothercare today confirmed a drop in UK sales as it continues to struggle in its home market, but flourish abroad.The mothers and children's group, which operates around 350 stores in the UK, said that like-for-like sales in its domestic market were down by 3% in the 13 weeks to January ...read more
Jobs fear as La Senza closes
- Posted:
- 10 January 2012 09:57
Lingerie chain La Senza collapsed into administration today triggering 1,300 redundancies and the closure of more than 100 outlets, despite a last-minute rescue deal for 60 stores.Administrator KPMG said it had closed 84 stores and 18 concessions, resulting in more than half of the workforce losing their jobs.But 1,100 jobs ...read more
Mothercare buyout in the making
- Posted:
- 12 December 2011 09:58
A private equity firm is understood to be preparing a bid for Mothercare in a move that would end the retailer's 40 years as a publicly listed company, according to reports today.Buyout firm Cinven's plans could see it jettison Mothercare's troubled UK stores so it can focus on its better ...read more
Retail sales fall in November
- Posted:
- 05 December 2011 09:46
Retail sales continued to fall in November despite "panic" levels of discounting on the high street, a monthly survey said today, spelling more gloom for the sector.Mid-tier retailers saw like-for-like sales fall 1.7% last month, BDO's High Street Sales Tracker said, as unseasonably warm weather hit fashion sales, which dropped ...read more
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