M&S chief: 'There will be more store closures'Subscription
Marks & Spencer chief executive Steve Rowe has said “more than 100 stores” will close as the retailer forges ahead with its turnaround plan.
Debenhams does a bit of ChristmasVideoSubscription
Debenhams has unveiled its seasonal ad offering encouraging festive generosity with the strap line: “Do a bit of you know you did good”.
The John Lewis Partnership, which owns John Lewis and Waitrose, has begun searching for a successor to its longstanding chairman, Sir Charlie Mayfield.
M&S sales continue to fall Subscription
Marks & Spencer’s clothing and home sales continued to drop in the six months to 29 September, down 2.7% on 2017, following store closures.
Alibaba Group and Fung Retailing partner upSubscription
Alibaba Group and Hong Kong-based Fung Retailing’s retail arm aim to open up the Chinese market to international lifestyle brands with a new strategic partnership.
House of Fraser hits Mulberry’s bottom line Subscription
Mulberry made a loss before tax of £8.2m for the six months to 30 September 2018, up from a loss of £600,0000 for the same period in 2017, following House of Fraser’s fall into administration and costs associated with launching into Korea.
Etailer Zalando has reported 11.7% revenue growth to €1.2bn (£1bn) for the three months to 30 September, in what it called a “financially challenging” period.
New Look increases UK store closuresSubscription
New Look has confirmed it has closed or will close 85 UK stores, an increase on the 60 planned closures outlined in its company voluntary arrangement (CVA).
Westfield London in White City has topped a list of leading UK shopping centres, knocking Westfield Stratford City off the number one spot for the first time in six years.