Britain’s retail recovery has been given a boost with news of a new discount retail chain that plans to open 50 stores across the country, creating 2,000 jobs. Called JTF Central, it expects to debut in Hull.
Fenwick has a new non-executive chairman. Simon Calver has been appointed to help steer the family-owned UK department store chain through a series of sweeping changes, specifically its e-tail operations.
With Mothercare’s radical transformation into an international franchise operation now complete, the retailer is hoping the toughest of years (and some ugly trading figures) are now firmly in the past.
Mothercare said that talks with global franchise and manufacturing partners to “modernise and improve commercial relationships to mutual benefit” have had a good outcome, and also that its Boots deal has been finalised.