Marks & Spencer has announced that its managing director for clothing and homewares, Jill McDonald, is set to leave the business. McDonald has been working in the role for nearly two years. M&S chief executive, Steve Rowe, will be taking control of the business for the time being. In its full year results...
Primark is set to open its first Midwestern store in downtown Chicago. The company has signed terms for 45,000 square foot building on the corner of State and Washington streets, which was formerly a Gap. The unit has been empty for two years, and the owner of the property where said...
Off-White is being sued by a New York-based marketing and design agency, OffWhite Productions LLC. The claims include federal trademark infringement and unfair competition and common law dilution. The complaint claims that the marketing company ‘has publicly done business as ‘OffWhite’ since the late 1990’s’. Virgil Abloh’s Off-White was created in...
DFS has said that it has made ‘good strategic progress’ over the past year, with its full-year profits set to be in line with expectations, according to the BBC. Total underlying gross sales grew 7% in the year to June 30th. Expected underlying profit before tax is ‘slightly above £50m’, which compares...
Julian Dunkerton, founder of Superdry, has said that he is trying to ‘steady the ship’ after the retailer reported an £85m annual loss. Dunkerton returned to the helm of Superdry in April, following a campaign against the previous management, who he said had a ‘misguided’ strategy. Superdry has said that sales could...
Space NK is looking to expand its current UK and US store portfolio, with new chief executive Andy Lightfoot saying that he sees the potential to be operating more stores than their current 69 in the UK and Ireland and 41 in the US. The new stores are set to open...
Jack Wills has reportedly appointed KPMG as its advisors after the high street retailer has struggled to achieve sales growth over recent periods. The company issued a statement on Monday saying KPMG has been appointed ‘to carry out a review of the business and explore future opportunities. In the meantime, management...
VF Corporation has appointed Denny Bruce as its new global brand president of Dickies. Bruce will report to Curt Holtz, who is the executive vice president and group president of workwear. Bruce will take responsibility of all of the brands global operations and performance. Commenting on the hiring, Holtz said: “As the brand...
Ocado has increased its retail revenue to £811.5 in the six months up to June 2nd. This is up from £736.6 million the previous year. The number of active customers grew by 9.7% to 745,000. Its average hypermarket basket value was £108.04. Group EBITDA was down from £34.3 million to £18.1 million. ...
Asos is reportedly planning to make 100 redundancies at its London head office, according to The Times. Marketing roles are said to be the ones at risk, with the effected people said to be in a consultation period already. The e-tailers slow in sales growth saw Boohoo overtake it in terms of...
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