In another blow to the UK high street, Marks & Spencer has proposed more closures as part of its transformation strategy. Bayswater, Darlington, East Kilbride, Falkirk and Kettering will be amongst the towns affected.
It wasn't a great seven days for John Lewis with the week up to and including May 19 seeing its parent company's sales dipping 0.3% to £202.73 million, but the department store chain’s sales falling by as much as 6.3%.
Fashion lifestyle brand Joules said Tuesday that its non-executive Chairman Neil McCausland will step down on July 31 after more than five years on the board to be replaced by the current CEO of furniture chain DFS.
M&S has added experienced non-exec directors to its board as it prepares to deliver its latest results, with more store closures expected and potential demotion from the FTSE100 if its share price falls further.
As participant, Primark will embrace the three key principles of the initiative: business models that keep clothes in use; materials that are renewable and safe; and solutions that turn used clothes into new clothes.
The Sainsbury’s-Asda mega-merger is edging closer to a competition commission enquiry so nothing is certain until approval. But for now, it seems that Asda’s performance overall is improving and its fashion ops are too.
Mothercare on Friday confirmed what everyone already knew - that ousted CEO Mark Newton-Jones was retuning to the company. And it told us how much he will earning with the new CEO joining on a basic salary of £480,000.