News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Mar- 2019 -19 March
Mahabis appoints Iain Martin as its new CEO
Mahabis, the upmarket footwear retailer, has appointed former Moonpig MD Iain Martin as its new chief executive, taking over from interim chief executive, James Cox. During his nine-year leadership at Moonpig, which he joined in 2006, Martin grew revenue from £1.8m to over £60m and took EBITDA growth from £0.3m…
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19 March
Bonmarche issues another profit warning
Clothing retailer Bonmarche has warned on its profits after it saw “significantly weaker” trading since the beginning of March. The retailer said its performance reversed sales gained in previous months and said if this continued for the rest of the month, it expected its underlying profit before tax to record…
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18 March
Links of London on ‘verge of collapse’
British jewellery brand Links of London is on the verge of collapse, according to reports. The Times said the jeweller, which has around 350 stores, is now working with Deloitte, and has looked into a company voluntary arrangement (CVA) to cut rents and close stores, putting 500 jobs at risk.…
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18 March
M&S to add full range of food products to more standard stores
Marks and Spencer has announced it is planning to add its full range of food products to its standard stores as it targets the family shopping trip. Currently only 12 of the retailer’s stores offer all 6,500 items in its food range, with the retailer’s Simply Food convenience stores deemed…
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18 March
Moss Bros appoints Joules CEO as new director
Men’s fashion retailer Moss Bros has appointed Colin Porter as its new non-executive director, effective 18 March 2019. According to the retailer, Porter will become chairman of the company following its AGM in May 2019, when, as part of the board’s succession planning, the current chairman, Debbie Hewitt, will retire…
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18 March
Zalando discontinues private label business
Zalando, the online platform for fashion and lifestyle, has announced it will discontinue its private label business zLabels as it aims to unite all of its private labels and partner brand assortments under one roof. ZLabels will be discontinued as of April 1, 2019 and starting spring/summer 2020, Zalando said…
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18 March
JD Sports to buy Footasylum for £90.1m
JD Sports has revealed it has made an offer to buy its remaining shares in struggling rival retailer Footasylum in a £90.1m takeover. JD Sports said it had “reached [an] agreement on the terms of a recommended cash offer” which will be financed from JD’s existing cash resources and facilities.…
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15 March
Jobs and stores could go as Green considers Arcadia restructure
Sir Philip Green is preparing to unveil a company voluntary agreement (CVA) for Arcadia in a matter of weeks, Sky News has reported. The proposal could result in a number of job losses and store closures across its high street brands which include Topshop, Miss Selfridge, Dorothy Perkins and Warehouse.…
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15 March
JD Sports named among businesses ‘failing’ on gender diversity
The Investment Association and the Hampton-Alexander Review have written to 69 of the FTSE 350 companies, including fashion retailer JD Sports, outlining concerns about the lack of gender diversity on its boards. The letter, which has been sent to companies who have no women or just one woman on their…
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15 March
John Lyttle joins Boohoo as CEO
Boohoo has announced that former Primark COO John Lyttle has officially joined the online retailer as its new CEO with immediate effect. Lyttle joins boohoo following an eight-year tenure at Primark Stores Limited, a division of Associated British Foods plc. Boohoo said his appointment is a “key constituent” of the…
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