Retail news
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Primark poaches Matalan director
- Posted:
- 03 August 2010 10:06
Primark has poached Matalan's buying director John Lyttle, who will become chief operating officer at Primark, effectively the second in command to chief executive Paul Marchant, who was appointed a year ago. His appointment follows that of former Marks & Spencer director Julian Kilmartin as buying and merchandising director and ...read more
Gap unveils Chinese expansion plans
- Posted:
- 28 June 2010 09:18
Gap Inc has unveiled details of its entry into China - the cornerstone of the company's global expansion strategy - with plans to open Gap stores in Beijing and Shanghai in late 2010, and simultaneously bring an online shopping experience to all Chinese consumers. The first four Gap stores will ...read more
BA agrees pension plan recovery deal
- Posted:
- 22 June 2010 09:42
British Airways has said that it has agreed a recovery plan for its under-funded pension schemes in a move which paves the way for its merger with Spanish rival Iberia.The airline added that its agreement with pension trustees would avoid closure of the two final salary company pension schemes - ...read more
Gap upswing fuelled by strong international sales
- Posted:
- 07 June 2010 09:45
Official figures from Gap Inc show that its steady improvement has continued through the month of May, with net sales were up 2% from last year - with its international businesses performing particularly well. Net sales for the four-week period ended May 29th 2010 were $1.05 billion compared with net ...read more
Adaptability key to survival says People 1st
- Posted:
- 01 June 2010 11:02
It has been a mixed and volatile year for the hospitality, leisure, travel and tourism industry. But those who have adapted their business strategy to the changing environment or effectively marketed themselves through new technology emerged as clear winners, a major industry report from sector skills council, People 1st reveals.According ...read more
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