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Australian retailer Ally Fashion collapses, will shutter 51 stores immediately

Inside Retail

Founded in 2001, the company expanded its national footprint to 160 stores. Retailer Ally Fashion has been ordered into liquidation after an application by a landlord for outstanding rent. Now, 51 stores will close immediately, resulting in the loss of 250 jobs.

Fashion 226
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Mosaic Brands considers applicability of safe harbour provisions

Inside Retail

. “These fiduciary obligations are matters the board has always taken seriously and we confirm that the advice provided has extended, from time to time, to considering the applicability of and compliance with the safe harbour provisions as outlined in the Corporations Act 2001 (Cth) for the directors,” said Mosaic Brands.

Marketing 306
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Asda chair admits supermarket’s problems are ‘self-inflicted’

Retail Gazette

Leighton, who stepped down as chief executive in 2001, told The Times that the retailers previous stewardship under the Issa brothers had ripped the heart out of the colleagues when the business cut back on staffing hours to cut costs.

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Bed Bath & Beyond Promotes Two Executives to Top Finance Positions

Retail TouchPoints

Crossen, who has been with the retailer since 2001, will lead the team responsible for executing global accounting operations, financial reporting and tax functions, and will continue to report to EVP and CFO Gustavo Arnal. Both appointments are effective immediately.

Finance 317
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Patagonia Promotes Three Executives, Fills Parent Company CEO Slot

Retail TouchPoints

Williams, who joined the Patagonia Product Team in 2001, will lead the company’s developments in materials, carbon-capturing business models and design. Prior to his time at Patagonia, he was President of Black Diamond and volunteered as a legal intern with the ACLU of Utah.

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Barnes & Noble Revamps Loyalty Program, Adding Free Option

Retail TouchPoints

Barnes & Noble has reconfigured its loyalty offerings for the first time since the program began in 2001, launching its first free program and enhancing the benefits of its paid Membership program.

Shipping 290
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Google to open first physical store in New York

Inside Retail

Apple, which opened its first two retail stores in Virginia in 2001, has 270 stores in the United States and many more around the world that drive its sales and also provide shoppers hands-on customer service. Reporting by Eva Mathews in Bengaluru, of Reuters.