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

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 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. RTP: How will consumers be financing their holiday spending? Why are department stores declining?

Consumer 278

Consumer Payment Services Department Stores Finance 278

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

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.

Management 64

Management Department Stores Finance Marketing 64

Inside Retail

AUGUST 5, 2021

Last week, Bunnings managing director Mike Schneider joined Australian Retailers Association CEO Paul Zahra on the ARA podcast about how he began his career in retail, what a typical day looks like for him – and why he reckons he has the best retail job in the country. Here is an edited excerpt from their conversation.

Management 264

Management Department Stores Finance ATS 264

Retail Gazette

NOVEMBER 5, 2024

John Lewis Money director of credit and banking Andy Piggott said: “We’re committed to making it easier for customers to manage their budgets with a range of flexible and secure ways to pay. It builds on the retailer’s current buy now, pay later offer on certain nursery and electrical products when they spend between £500 and £1,500.

Payment Services 119

Payment Services Finance Fashion Management 119

Retail Gazette

MAY 9, 2024

The cuts coincided with the retailer saving roughly £26m in employment costs during the year, while its finances were also aided by its decision not to pay workers a cost of living bonus last year. 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

APRIL 14, 2024

In an industry with a very high percentage of female employees and, positively, strong representation in management ranks, there is still room at the top for many more women in leadership roles as CEO and company directors in major retailers. The retail industry accounts for 9.8 per cent of the total Australian workforce with around 1.5

Management 130

Management Department Stores Finance Supermarket 130

Retail Gazette

OCTOBER 5, 2023

Price stepped down as deputy chairman and managing director of Waitrose in 2016 after 33 years at the business. Alison Brittain Alison Brittain, currently chair of John Lewis’ big rival in homewares Dunelm and the Premier League, could be a good fit for the department store and grocery group.

Supermarket 111

Supermarket Department Stores Grocer Returns 111

Inside Retail

SEPTEMBER 2, 2024

Alison Covington is the founder and managing director of Good360 Australia. I was busy just getting on with the job and ended up as managing director of a multinational transport company. AC: As the founder and managing director, I have a team of around 40. Inside Retail : What does Good360 Australia do?

ATS 147

ATS Finance Management Department Stores 147

Inside Retail

JUNE 14, 2022

Higher operating costs are evident in virtually every expense item, from increasing occupancy costs as Covid-19 concessions end, through to higher merchandise and financing costs, surging energy and transport expenses, and rising wages. per cent fall for department stores, plus a 2.5 per cent lift for the month.

Department Stores 130

Department Stores Finance Consumer Management 130

Retail Gazette

DECEMBER 19, 2023

The private equity-owned grocer is not alone in its quest to manage debt. As both supermarkets look to manage soaring debt piles, can these firms truly compete and thrive or could this lead to a downward spiral for the private equity owned retailers? Debt piling: A burden or helping hand? But why is private equity so controversial?

Grocer 126

Grocer Supermarket Finance Returns 126

365 Retail

MAY 26, 2022

The Retail Trust’s survey of more than 1,500 retail staff, published within its new Health of Retail report , found that most of those intending to leave blame concerns around their finances, rising levels of abuse from customers, and deteriorating mental health coming out of the pandemic. Rising abuse.

Planning 104

Planning Employee Engagement Finance Supermarket 104

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

Retail Gazette

OCTOBER 25, 2024

“By launching now, we have two pay days to go until the big day and we’re offering more help and advice than ever before via our Style Squad, making it easier for customers to nail the perfect gift and manage their festive finances.”

Finance 98

Finance Fashion Shopping Management 98

Inside Retail

JANUARY 26, 2023

I studied economics and finance at university and worked at Westpac as my first job. AM : The two biggest lessons I’ve learned are the importance of stakeholder management and trusting your team to deliver. What are some of the different roles you’ve held along the way?

Outdoor 130

Outdoor Finance Location Management 130

Retail Gazette

OCTOBER 10, 2024

Selfridges Selfridges CEO Andrew Keith exited the department store in July, after four years at the business. Keith, who was promoted from managing director to CEO last year, reportedly left to “pursue new ventures”.

Beauty and Health 111

Beauty and Health Fashion Supermarket Promotions 111

Retail Gazette

DECEMBER 21, 2023

The news came a month after White said that her big five-year plan that she promised would deliver £400m a year in profits at the department store and grocery group would be delayed by two years. Boohoo’s former finance director Neil Catto joined McGeorge earlier this month, replacing CFO Elizabeth Lake.

Grocer 115

Grocer Department Stores Fashion Planning 115

365 Retail

JULY 26, 2023

Klarna, the AI powered global payments network and shopping destination, has today announced its partnership with iconic British department store Liberty, with its flexible and interest-free payment options now available online. The post Klarna partners with Liberty appeared first on 365 RETAIL | The Latest Retail News.

Department Stores 52

Department Stores Finance Management Consumer 52

Retail Gazette

DECEMBER 5, 2024

It also called for a review of Boohoo’s financing arrangements to better understand the terms of its refinancing and explore ways to improve its financial position. Recruitment specialist and managing director of Detail Business Consulting, Paul Meechan , doesn’t think it’s likely. I’d be very surprised if they did.

Fashion 101

Fashion Fast Fashion Promotions Department Stores 101

A1 Retail

NOVEMBER 9, 2022

per cent rise in consumer price inflation – as the cost-of-living crunch continues to put pressure on Brits’ personal finances. per cent), as did department stores (-1.0 Consumer card spending grew 3.5 per cent year-on-year in October – higher than in September (1.8 per cent) but well below the 8.8 per cent) and August (3.6

Consumer 98

Consumer Planning Beauty and Health Finance 98

365 Retail

SEPTEMBER 15, 2021

The premium ecommerce marketplace is strengthening its senior management tier with six newly created director-level positions, appointing accomplished retail names who will help the business realise its ambition to become the largest non-full price marketplace for fashion and beauty worldwide. “My

Fashion 62

Fashion Department Stores Finance Customer Experience 62

Retail Gazette

JANUARY 14, 2024

John Lewis Partnership made a big hire last week, hiring its former fashion boss Peter Ruis as executive director to lead the turnaround of its department store business. Crucially, he has also fronted a turnaround at John Lewis in his first stint at the department store when he was buying and brand director.

Department Stores 52

Department Stores Fashion Returns Finance 52

365 Retail

AUGUST 5, 2021

Last year, the group was renamed Frasers after the department store brand as it started an “elevation strategy” designed to help give the retail group a more upmarket image. In recent years fund managers with investments in the company have described Mr Ashley as “Elon Musk-esque” and “Donald Trumpian”. Leadership style.

Department Stores 80

Department Stores Finance Planning Management 80

Indigo 9 Digital

JANUARY 12, 2023

Hedge fund manager Edward Lampert, who is also Sears’ former Chairman and CEO and largest shareholder, purchased the company in bankruptcy proceedings for only $5.2 Now Sears has only 15 full line stores and three Kmart stores down from over 2,000. Over time Sears stores started to look tired. So is Walmart.

Merchant Services 111

Merchant Services Consumer Management Department Stores 111

Retail Gazette

FEBRUARY 13, 2025

The partnership-owned department store reported an uplift in spend on customers Partnership Credit Cards over the Black Friday period and found that o ver half of customers using credit over promotional weekend were purchasing tech products.

Payment Services 64

Payment Services Accounting Consumer Department Stores 64

Rangeme

JANUARY 26, 2023

The specific goods or services are what make your retail business unique and can include anything from products in a small convenience store to a major department store, high fashion boutique, or an online business. Your hard work pays dividends directly back to you instead of earning your boss another vacation or a fancy car.

Finance 52

Finance Planning Marketing Location 52

Inside Retail

JANUARY 12, 2025

Not all plain sailing for Myer The proposed Myer and Premier merger is not as straightforward but would be expected to gain Myer shareholder approval given Solomon Lew, Premier Investments chairman, has built a strong foundational stake in the department store group and Myer directors and topline managers are keen.

Apparel 264

Apparel Department Stores Planning Wholesale 264

Retalon

JUNE 10, 2020

Pricing right is the fastest and most effective way for managers to increase profits.” ( McKinsey & Company ). may cover generic approaches to managing and optimizing price for any given product, but they don’t account for the most critical variables that determine your pricing success.

Planning 41

Planning Markdowns Promotions Accounting 41

Inside Retail

FEBRUARY 27, 2024

This week, Macy’s announced plans to shut down 150 “underproductive” stores, more than one-fifth of its department store assemblage, over the next three years. billion acquisition offer from an investor group, a proposition that the retailer ultimately rejected due to a lack of a viable financing plan.

Department Stores 130

Department Stores Location Planning Finance 130

Retail Gazette

OCTOBER 13, 2023

He will be responsible for leading the strategy and management of the Partnership’s property portfolio. Prior to that, he spent six years in the corporate finance team at Paribas Investment bank and held several finance roles at other companies.

Finance 59

Finance Management Department Stores ATS 59

365 Retail

JUNE 6, 2023

This slowdown reflects Brits cutting back on discretionary purchases to manage mounting inflation and rising food prices. percent), while department stores saw their smallest uplift since November 2022 (1.9 In contrast, discount stores enjoyed a growth of 5.0 Consumer card spending in the UK grew by only 3.6

Consumer 62

Consumer ATS Department Stores Discount Store 62

A1 Retail

JANUARY 3, 2023

percent year-on-year in 2022, as the lifting of all Covid-19 restrictions encouraged Brits to shop more in-store, eat and drink out, and book holidays abroad. However, the cost-of-living squeeze meant overall retail spend was down compared to 2021, with consumers using smaller basket sizes as a way of managing budgets. percent in 2022.

Consumer 52

Consumer Beauty and Health Supermarket Returns 52

A1 Retail

JUNE 6, 2023

percent), while department stores (1.9 Consumer confidence endures Despite persistent cost-of-living pressures, Brits are generally feeling confident in their household finances (64 percent) and ability to live within their means each month (68 percent). Spending on non-essential items rose just 3.0

Consumer 52

Consumer Department Stores Discount Store Finance 52