Retail Gazette

MARCH 11, 2025

Boohoo Group boss Dan Finley has unveiled his turnaround plan for the fashion giant as he looks to shift the entire business to a marketplace model. The business has also promoted Debenhams finance director Phil Ellis to the role of new chief financial officer, replacing Stephen Morana with immediate effect.

Department Stores 90

Department Stores Fast Fashion Fashion Finance 90

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 Gazette

APRIL 10, 2025

The Very Group chief finance and transformation officer Ben Fletcher said: We committed to a timely and transparent refinancing of our existing debt, and I am delighted to be able to share this update. The online department store swung to a pre-tax profit of 6.1m

Department Stores 76

Department Stores Finance Returns Planning 76

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 Gazette

MARCH 14, 2024

John Lewis appeared to backtrack on Dame Sharon White’s original turnaround plan as CEO Nish Kankiwala vowed to focus “unashamedly” on retail after the partnership posted its first profit in four years. We’ve secured the funding we need for the four years of the plan.

Planning 111

Planning Department Stores Beauty and Health Supermarket 111

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. That said, there have been a few bumps in the road.

Fulfillment 305

Fulfillment Jewelry Consumer Inventory Management 305

Retail TouchPoints

SEPTEMBER 5, 2024

Driscoll noted that “soundly financed” acquirers can support sustainable growth both for new brands as well as older, under-funded brands, providing the infrastructure, best practices and guidance required to mature. In some cases, M&A can even be a source for product expansion, clearer brand differentiation and innovation.

Consumer 276

Consumer Marketing Fashion Planning 276

A1 Retail

JANUARY 10, 2023

Similarly, the rush to buy gifts and Christmas party outfits benefitted clothing and department stores, which returned to growth in December, rising 1.5 percent) since March 2022 – a possible sign that Brits were purchasing gym wear and equipment in the winter sales for plans to kickstart a health and fitness regime in the new year.

Finance 98

Finance Outdoor Supermarket Department Stores 98

365 Retail

MAY 26, 2022

A new report by industry charity the Retail Trust has found that one in five (21%) British retail workers and nearly a third (31%) of people working for the UK’s biggest retailers are planning to quit the sector. 30% of retailers flagged store abuse as one of the top issues impacting staff wellbeing. Rising abuse.

Planning 104

Planning Employee Engagement Finance Supermarket 104

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

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 One in 10 (10 per cent) thrifty shoppers even plan to buy more second-hand / pre-loved items to give as presents this year. per cent) and August (3.6

Consumer 98

Consumer Planning Beauty and Health Finance 98

Retail Gazette

OCTOBER 15, 2024

The department store chain has partnered with digital bank Zopa to provide customers access to between £1,000 and £35,000 in less than two hours on its website. Currys flexpay, formerly Your Plan, allows customers to spread the cost of their purchases through fixed monthly payments or via the buy now, pay later in store and online.

Payment Services 103

Payment Services Department Stores Planning Finance 103

Retail Gazette

OCTOBER 5, 2023

On top of that, she has faced fierce criticism around her turnaround plan, which includes a focus on non-retail activities such as house building. 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

Retail Gazette

MARCH 14, 2024

John Lewis Partnership has scrapped its target of making 40% of its profits from non-retail activities by 2030 as it refreshes its turnaround plan. John Lewis Partnership plans to build and rent out 10,000 homes, and has submitted planning applications for sites in West Ealing, Bromley and Reading.

Visual Merchandising 122

Visual Merchandising Planning Finance Returns 122

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

APRIL 30, 2024

The Gulf-based backers behind the Barclay family is plotting a sale of Very Group as it seeks to unwind £1.2bn refinancing of the family’s debts, The Abu Dhabi investment firm is understood to be drawing up plans for an auction of the online department store, The Times reported.

Department Stores 64

Department Stores Finance Planning 64

Retail Gazette

DECEMBER 21, 2023

The Range has since started opening Wilko stores and owner Chris Dawson told Retail Gazette earlier this month that he plans to open 40 more next year. Although White has had some successes, such as the launch of John Lewis value range Anyday, some elements of her plan such as its foray into housing has been met with criticism.

Grocer 115

Grocer Department Stores Fashion Planning 115

Inside Retail

AUGUST 5, 2021

As I progressed through my tertiary studies, I realised that the classroom probably wasn’t for me I’d sort of fallen into education as a little bit of a plan B. But when I didn’t love the classroom, I was fortunate to have a store manager who said, “Would you consider a traineeship with Target?”

Management 264

Management Department Stores Finance ATS 264

Inside Retail

SEPTEMBER 2, 2024

We receive the goods at our re-distribution centre or directly from their stores or distribution centres. Our team consists of IT, digital, marketing, sales, finance, administration, operations, logistics and warehousing specialists. It is a complex solution that we make simple for businesses and charities.

ATS 147

ATS Finance Management Department Stores 147

Inside Retail

NOVEMBER 1, 2022

As of 21 October, the government is planning a 20 trillion yen (US$135 billion) package to help households weather the inflation storm. per cent, department stores were up 42.8 On 8 October, Malaysia’s Finance Minister announced cash handouts of RM7.8 So it has focused instead on supporting consumer incomes.

Wholesale 130

Wholesale Payment Services Finance Consumer 130

365 Retail

JANUARY 9, 2024

Retail Spending Dips Clothing and department store spending returned to a decline after a November spike, potentially due to earlier promotional activities by retailers. This uptick was fueled by consumers planning more holidays in 2024, with beach holidays, city breaks, and adventure holidays being the most popular choices.

Consumer 104

Consumer Supermarket Department Stores Promotions 104

Retail Gazette

OCTOBER 7, 2024

Her departure comes as fellow department store John Lewis Partnership lost its group CEO Nish Kankiwala , as he reverts back to non-executive role at the group. The ex-Co-op Food boss was named CEO of the fashion retailer in March last year, as she returned to Matalan having previously been its head of finance between 2002 and 2008.

Department Stores 69

Department Stores Fashion Finance Returns 69

Retail Gazette

OCTOBER 10, 2024

Selfridges Selfridges CEO Andrew Keith exited the department store in July, after four years at the business. The executive, who previously served as the boss of Co-op Food, was named as chief executive of Matalan last year, having returned to the fashion brand after previously serving as its head of finance between 2002 and 2008.

Beauty and Health 111

Beauty and Health Fashion Supermarket Promotions 111

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

A1 Retail

MAY 10, 2022

per cent year-on-year, with nine in 10 concerned about the impact of rising household bills on their finances. The proportion of Brits feeling concerned about the impact of higher household bills on their finances remained high at 90 per cent. per cent, department stores returned to growth (1.3 per cent and -9.9

Consumer 75

Consumer Beauty and Health Finance Department Stores 75

Retail Gazette

DECEMBER 5, 2024

Frasers’ vision for Boohoo Frasers’ open letter not only championed Ashley’s leadership but also outlined a plan for the future of Boohoo under his proposed leadership. 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.

Fashion 101

Fashion Fast Fashion Promotions Department Stores 101

365 Retail

AUGUST 5, 2021

However, the Sports Direct founder is now planning to hand over the reins of his Frasers Group vehicle to his prospective son-in-law. 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. Future plans.

Department Stores 80

Department Stores Finance Planning Management 80

A1 Retail

SEPTEMBER 6, 2022

Shopping at clothing and department stores declined, as one in four are cutting back on new clothes and accessories. Concerningly, 28 per cent feel their personal finances are currently not sufficient to cover their energy costs, and looking ahead, this rises to (39 per cent) when factoring in the upcoming energy price rise in October.

Finance 52

Finance Beauty and Health Department Stores Accessories 52

Retalon

JUNE 10, 2020

Price planning is one of the most difficult (and often misunderstood) elements of retailing strategies. But emulating successful retailers in price planning isn’t enough. Standard price planning strategies (competition pricing, cost-plus, high-low, EDLP, etc.) What does this mean for price planning?

Planning 41

Planning Markdowns Promotions Accounting 41

365 Retail

SEPTEMBER 15, 2021

Department store digital pioneer Fiona Lay has been appointed as Digital Director. Meanwhile, Stacey Sue joins Secret Sales as Finance Director, having worked at luxury retailer Lulu Guinness in the same role and with Matches Fashion as Financial Controller. “We

Fashion 62

Fashion Department Stores Finance Customer Experience 62

Retail Gazette

FEBRUARY 13, 2025

Frasers CFO Chris Wootton told Retail Gazette in December that the groups growth in the UK is really going to be predicated on Frasers Plus its flexible payment offer this year, as it nears the end of its store expansion plans for its various brands.

Payment Services 64

Payment Services Accounting Consumer Department Stores 64

Retail Gazette

JULY 26, 2023

The retailer ‘s Index found that one in three consumers (32%) now feel more in control of their families’ finances and are looking to make the most of the summer holidays – with 37% seeing the summer break as an opportunity to spend more quality time with loved ones.

ATS 52

ATS Finance Accounting Planning 52

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. It’s important not to get too bogged down with details this early.

Finance 52

Finance Planning Marketing Location 52

Rangeme

SEPTEMBER 30, 2022

Lego recognized that when household finances are facing a squeeze, parents are more likely to buy products that will last – so they don’t have to replace toys a few months down the line. department store Selfridges, and the refurbishment company Restory provides a similar example. A recent tie-up between the U.K.

Consumer 52

Consumer Advertising Department Stores Finance 52

A1 Retail

MARCH 8, 2022

The travel sector, while still in decline, had its best month since before the pandemic, as a third of consumers report making holiday plans a priority. Despite concerns around rising living costs, nearly one in four Brits plans to spend more on experiences to make great memories. percent and department stores returned to growth (2.1

Returns 40

Returns Consumer Beauty and Health Supermarket 40

Inside Retail

JANUARY 12, 2025

A planned merger of Myer and Premiers Apparel Brands and an effective backdoor listing on the Australian Securities Exchange of Chemist Warehouse through a merger with Sigma will be determined by extraordinary shareholder meetings. Scale didnt exactly work out all that well for Mosaic Brands.

Apparel 264

Apparel Department Stores Planning Wholesale 264

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. The closures are a part of the retailer’s plan “to create a more modern Macy’s, Inc. per cent of its workforce. per cent from $8.12

Department Stores 130

Department Stores Location Planning Finance 130