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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. We have now got a plan, everybody understands what it is were trying to do, he said.

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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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Lendlease sells Caneland Central in Mackay for $280 million

Inside Retail

Caneland Central has been owned and operated by APPF Retail since 2001. The centre has been a strong performer for APPF Retail due to its mix of retail, lifestyle and dining and core position at the heart of Mackay’s local community,” said Anne MacSporran, fund manager at APPF Retail. .

Shopping 264
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Runway launches Vhernier, bringing Milanese elegance to Vietnam 

Inside Retail

As Vhernier is from Milan, the boutique showcases pure Milanese elegance through its minimalist shapes and soft colour palette, accented with touches of coral and eggshell, Marta Moruzzi, collection merchandising manager and international development at Vhernier, told Inside Retail.

Jewelry 130
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M&S Doubles Down on C-Store Strategy with Plans for 10 Locations, 50 Remodels

Retail TouchPoints

When it originally opened in 2001, the Liverpool Street Station store was the first-ever M&S convenience store at a mainline railway station. The company kicked off the c-store push earlier this month with the reopening of its Liverpool Street Station Mezzanine store, which was renewed in partnership with travel food retailer SSP.

Location 260
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Bed Bath & Beyond Builds Out Finance Team with Hiring of Former Tiffany Exec

Retail TouchPoints

Crossen has been with the company since 2001; The hiring of Susie A. Kim as VP of Investor Relations; and The hiring of Lisa Adinolfi as VP of Controls, Audit and Risk Services.

Finance 232
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Some retailers are turning to air freight to offer a competitive edge

Inside Retail

Pre-Covid, there might have been a rare, unforeseeable event that could disrupt the global airfreight business somewhere in the world every five to 10 years such as 9/11 in 2001 or the Icelandic volcano eruption in 2010. But in current times, one or more disruptions seem to be ever-present, such as geopolitical conflicts or regional wars.

Shipping 147