Retail Gazette

JULY 24, 2024

Patrick Lewis, the great-grandson of John Spedan Lewis, founder of the department store chain, has joined Oak Furnitureland as its new finance boss. Lewis will replace Oak Furnitureland’s outgoing finance boss Emily Tate who held the position for four years, Retail Week reports.

Finance 105

Finance Department Stores Management Marketing 105

Retail Gazette

APRIL 23, 2024

John Lewis executive finance director Bérangère Michel has resigned from the Partnership after 16 years. I have loved every moment of my time in both Waitrose and John Lewis and am extremely grateful for a varied, exciting and impactful career across supply chain, shops, finance and many other teams.

Finance 118

Finance Planning Shopping Department Stores 118

Retail TouchPoints

JUNE 25, 2020

Pre-tax costs of the restructuring, estimated at $180 million in cash, will be recorded during the company’s fiscal Q2. The coronavirus’ impact has forced several department store retailers into Chapter 11 bankruptcy and even liquidation in 2020, including JCPenney , Neiman Marcus and Lord & T aylor.

Department Stores 232

Department Stores Finance Returns Management 232

Retail Dive

OCTOBER 18, 2022

Anne Bramman arrived five years ago and oversaw a volatile period, including the family’s attempt to take the department store private.

Finance 111

Finance Department Stores ATS 111

Retail TouchPoints

NOVEMBER 4, 2020

According to McKinsey , ecommerce sales in apparel, department stores and beauty products have increased by nearly 10%, on average, since the onset of the pandemic. Because of this ease, merchants have begun relying on POS financing to drive sales growth. In 2019 , the total market share of online U.S.

Merchant Services 317

Merchant Services Payment Services Accounting Jewelry 317

Inside Retail

AUGUST 27, 2024

A recent Myer trading update will have analysts and investors thinking long and carefully about the bold proposal by the department store for a merger with Premier Investments. Indeed, a strategic review prompted Myer to appoint KPMG Corporate Finance last February to pursue a sale of the three brands.

Department Stores 147

Department Stores Apparel Specialty Retailers Fashion 147

Retail TouchPoints

NOVEMBER 19, 2021

When the first department store opened more than 100 years ago, the goal was to offer a multitude of specialty goods to a large number of people. Today, online stores serve that same purpose, but brick-and-mortar retail remains a powerful mechanism for both buyers and sellers.

Fulfillment 305

Fulfillment Jewelry Consumer Inventory Management 305

Retail Gazette

APRIL 28, 2024

Accounts filed at Companies House last week show that the businessman lent the department store chain £25.5m, and had committed to pay a further £7m following its year-end last April. Harvey Nichols owner Sir Dickson Poon has committed to lend an additional £32.5m

Department Stores 121

Department Stores Finance Accounting ATS 121

Retail TouchPoints

NOVEMBER 21, 2024

That’s according to Howard Meitiner, Managing Director at Carl Marks Advisors and a retail veteran with stints at Sephora, LVMH, Fortunoff and The Museum Company on his résumé. Meitiner: We’ve all been reading about the troubles of the luxury industry, at Gucci, LVMH, Burberry , etc.,

Consumer 278

Consumer Payment Services Department Stores Finance 278

Inside Retail

MAY 19, 2021

Covid-19 has had a polarising effect on consumers’ finances. Clients have said that they have been fast to grow online sales via existing online services but building supply chain capability and meeting fulfillment expectations from customers has been a real challenge,” said Robert Pool, sector head of Consumer and Retail at KPMG.

Consumer 246

Consumer Department Stores Finance Fulfillment 246

Retail Gazette

MARCH 25, 2024

Selfridges has lost its second finance chief in four months amid growing uncertainty over the luxury department store’s future ownership. McCann joined Selfridges from professional services group EY, and at the time of her appointment said she had been “tempted away by an offer that was too good to refuse”.

Finance 64

Finance Department Stores ATS 64

Inside Retail

SEPTEMBER 2, 2024

Alison Covington: At Good360 Australia, we work with retailers, brands and manufacturers as a connector for those donating goods to help people in need. We are good at understanding that food waste is unacceptable, but we struggle to understand, and be as passionate about, reducing waste in all the other goods.

ATS 147

ATS Finance Management Department Stores 147

A1 Retail

JANUARY 10, 2023

Holiday bookings for the year ahead boosted travel, while Christmas parties and the FIFA World Cup lifted takings at pubs, bars & clubs. Food and drink specialist stores also fell back into decline (-0.2 Spending on utilities climbed 40.6 percent, as the drop in temperature led more households to increase their heating .

Finance 98

Finance Outdoor Supermarket Department Stores 98

Retail TouchPoints

MARCH 1, 2022

And this year saw a welcome focus on not just identifying these brands but also creating the tools and infrastructure that would allow them to scale: the nuts and bolts of sourcing, distribution, financing and placement on store shelves and ecommerce websites. Best Buy , which has committed to spending at least $1.2

Beauty and Health 260

Beauty and Health Consumer Department Stores Finance 260

Retail Gazette

AUGUST 23, 2024

John Lewis has stepped in to support former employees and customers tied to its in-store The Floor Room concessions, following its collapse earlier this month. The flooring retailer, which traded from 34 of John Lewis’ department stores, went into administration at the start of the month , resulting in 200 job losses.

Department Stores 105

Department Stores Finance ATS 105

Retail TouchPoints

SEPTEMBER 5, 2024

We are in a moment of great macroeconomic uncertainty at a global level,” explained Federica Levato, Senior Partner and co-author of the Worldwide Luxury Monitor from Bain & Company. Luxury experts like Richard Kestenbaum, a Partner at Triangle Capital LLC, challenge this notion. After exceeding a record €1.5

Consumer 276

Consumer Marketing Fashion Planning 276

Retail Gazette

MAY 29, 2024

M&S has poached Rightmove finance boss Alison Dolan as its new chief financial officer. Dolan will takeover from the high street retailer’s interim finance boss Jeremy Townsend, who will remain in post until May next year. “I want to thank Jeremy for all his hard work and support.

Finance 59

Finance Planning Shopping ATS 59

VMS

JANUARY 25, 2022

(Newport Beach, Calif.) – made an offer to purchase the department store retailer Kohl’s (Menomonee Falls, Wis.) It reportedly told the department store retailer that it obtained a “highly confident” letter from a bank ensuring their ability to attain a debt-financing package.

Visual Merchandising 93

Visual Merchandising Department Stores Finance Marketing 93

VMS

NOVEMBER 7, 2022

The department store chain has partnered with Momentus Capital (Washington, D.C.) By investing in high-growth underrepresented businesses at all stages of growth, we intend to create meaningful economic impact within our communities, while serving our customers.”. to create the new initiative, dubbed “S.P.U.R.

Department Stores 103

Department Stores Finance ATS 103

Inside Retail

JUNE 7, 2023

It operates 163 units with an average size of just over 5,200 square metres, but 80 of them are much bigger than that: cavernous warehouses where retail buyers and end consumers load up oversized shopping carts with bulk items at wholesale prices. Same-store sales growth was almost flat-lining at 0.5 Net profit was up by 8.9

Net Profit 130

Net Profit Finance Supermarket Wholesale 130

Inside Retail

MARCH 13, 2024

Retail aggregators (retailers that sell multiple brands, such as electricals, beauty, fashion, home improvement, sport & leisure, pure-play e-commerce, pets and pharmacies), represent the largest section of that market at $1.4 They’re gonna jump at the opportunity because you can’t get that on Channel Nine or with a newspaper.”

Advertising 130

Advertising Department Stores Finance Marketing 130

Inside Retail

DECEMBER 10, 2023

Chip Bergh is sitting at the head of a small table in a sunny corner of his seventh-floor office at Levi’s Plaza, the corporate headquarters of Levi Strauss & Co, in San Francisco. When you look at the demographics, and put it all together, there’s a lot of potential there. I got a random answer from everybody.”

Consumer 245

Consumer Marketing Department Stores Wholesale 245

Inside Retail

AUGUST 5, 2021

Paul Zahra: You’ve been at Bunnings for 16 years and held various roles since becoming managing director in 2016. I think if my memory serves me correctly, Paul, we both spent a bit of time at Target! So) I answered an ad in the newspaper for a job at a retail bank. Here is an edited excerpt from their conversation.

Management 264

Management Department Stores Finance ATS 264

Retail Gazette

OCTOBER 5, 2023

The search for the next chair of John Lewis Partnership is underway after current incumbent Sharon White revealed she would be stepping down at the end of her five-year term. Retail Gazette looks at some of the possible candidates who could replace White. His deep grocery experience could be vital in getting Waitrose back on form.

Supermarket 111

Supermarket Department Stores Grocer Returns 111

Retail Gazette

MAY 9, 2024

John Lewis has cut 3,800 roles in the past year in efforts to reduce costs across stores, according to new filings. The number of workers for the John Lewis Partnership fell to 70,500 at the end of January, from 74,300 the previous year, The Telegraph reported.

Supermarket 119

Supermarket Finance Management Shopping 119

Inside Retail

MARCH 30, 2023

Tony Spring to succeed Jeff Gennette as Macy’s CEO By Aron Lewin Macy’s CEO Jeff Gennette has announced his retirement after working for the department store for over four decades. Gennette, who started at Macy’s in 1983, said that he was retiring because it was the right time for him and his family.

Department Stores 130

Department Stores Finance Returns Supermarket 130

Retail Gazette

MARCH 14, 2024

” The partnership’s finance director Bérangère Michel says the business is in “good financial health” in pursuing the rest of its turnaround strategy and has secured the funding it needs for the remainder of the plan, helped by a £260m injection of cash from the sale and leaseback of 11 Waitrose stores and a new term loan.

Planning 111

Planning Department Stores Beauty and Health Supermarket 111

Inside Retail

NOVEMBER 1, 2022

At first, it seemed like Asia might get off lightly – most governments and professional economic forecasters in the region said so – but cost of living pressures are rising across the continent, with food, energy, rent and labour costs now all key drivers of retail price inflation. per cent, so you can see how this has retailers worried.

Wholesale 130

Wholesale Payment Services Finance Consumer 130

Inside Retail

APRIL 26, 2021

Covid-19 has had a polarising effect on consumers’ finances. Clients have said that they have been fast to grow online sales via existing online services but building supply chain capability and meeting fulfillment expectations from customers has been a real challenge,” said Robert Pool, sector head of Consumer and Retail at KPMG.

Consumer 130

Consumer Department Stores Finance Fulfillment 130

Inside Retail

MAY 24, 2023

Frictionless and seamless Professor of marketing and industry consultant at Macquarie University, Jana Bowden cited IBISworld data, explaining that the BNPL sector had experienced sustained revenue growth of about 29.3 Younger Australians are especially at-risk, as they have embraced the service en-masse.

Payment Services 147

Payment Services Consumer Accounting Department Stores 147

Inside Retail

APRIL 14, 2024

The glass ceiling in Australia’s retail industry might not have been shattered but there have at least been some significant cracks. The real breakthrough for women in the retail industry is arguably the recent appointments of Olivia Wirth to the top executive role at Myer and Amanda Bardwell as CEO at Woolworths.

Management 130

Management Department Stores Finance Supermarket 130

Retail Gazette

DECEMBER 19, 2023

The Issa brothers have also been looking at asset stripping options to combat its businesses’ growing debt piles for a while and were even understood to be pursuing the sale and leaseback of Asda’s £8.6bn property estate earlier this year. But why is private equity so controversial?

Grocer 126

Grocer Supermarket Finance Returns 126

365 Retail

JANUARY 9, 2024

Additionally, supermarket spending experienced its lowest increase since September 2022, at 2.8%, possibly because consumers had already stocked up on festive items in November, leveraging early discounts. Contrastingly, food and drink specialist stores like butchers and delicatessens enjoyed a 5.1% due to falling petrol prices.

Consumer 104

Consumer Supermarket Department Stores Promotions 104

Retail Gazette

OCTOBER 25, 2024

Related Story Early Christmas shopping soars at Waitrose as delivery slots sell out 14/10/2024 x 12:12 PM Freemans chief customer officer Richard Cristofoli said: “Tis the season to start Christmas shopping. The two-month Christmas countdown is on and most consumers are starting early to spread the cost of the festive season. “By

Finance 98

Finance Fashion Shopping Management 98

Retail Gazette

OCTOBER 24, 2024

The Very Group profits grew over the last financial year, despite a sales dip, as “resilient top line and careful cost management” led to its percentage of operating costs coming in at the lowest the online group has ever achieved. EBITDA grew 8.4% to £267.6m to £218.3m. Operating costs as a percentage of revenue decreased 0.8

Management 64

Management Department Stores Finance Marketing 64

Inside Retail

FEBRUARY 21, 2024

This is true, but it cannot disguise a natural tension between landlord and tenant that has persisted since the dawn of time: They both want to maximise income and that means getting something at the expense of the other. Note that these are non-anchor tenants and don’t include the 250 or so department stores that anchor many of the US malls.

Accounting 130

Accounting Department Stores Finance Shopping 130

Retail Gazette

OCTOBER 10, 2024

Retail Gazette takes a look at some of the biggest CEO departures over the past few months. Selfridges Selfridges CEO Andrew Keith exited the department store in July, after four years at the business. Matalan Matalan CEO Jo Whitfield stepped down from the fashion brand this week after just over 18 months at the helm.

Beauty and Health 111

Beauty and Health Fashion Supermarket Promotions 111