Value fashion retailer New Look said on Thursday that Roger Wightman is leaving his post of Chief Product Officer after 30 years and will be replaced by Helen Connolly who will be Chief Commercial Officer.
Value fashion retailer Bonmarché could continue to operate with a preferred bidder, Peacocks, being announced, although 30 stores are likely to close before Christmas and a deal still isn't guaranteed.
Bonmarché wasn’t the only UK retail chain to file for administration on Friday with Scottish department store operator Watt Brothers also throwing in the towel after a history stretching back 104 years.
Bonmarché went into administration as the week ended, with tougher-than-ever trading conditions making a turnaround unlikely. Nearly 2,900 jobs are at risk but its 318 stores will stay open while a buyer is sought.
Last week’s Brexit deal and the pulling of Saturday’s Parliamentary vote have left the UK retail sector back where it has been for the last three+ years, facing an uncertain future as consumers shun unnecessary spending.
Buying House of Fraser and ultimately loss-making stakes in firms like Debenhams and MySale may have been a chastening experience for Sports Direct boss Mike Ashley, but it hasn't stopped him from looking for more buys.