Year: 2019

Tapestry hires new COO from VF Corporation

Tapestry, the New York-based parent company of fashion brands such as Kate Spade, Stuart Weitzman and Coach, has appointed Thomas A. Glaser as its new COO effective July 15, 2019. Glaser will have responsibility across the end-to-end supply chain and the information technology backbone for Tapestry and its brands with…

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Payments: the key to personalisation in retail

Retailers are cost-cutting, trialling customer policies and experimenting with tech such as smart mirrors in the aim of securing their future. Cutting through the noise and getting through to customers is critical, but also easier said than done. You just need to look at ASOS updating their extended returns to…

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UPDATE: Reiss owner denies reports of potential sale

The owner of fashion retailer Reiss has called reports of a potential sale of its majority stake in the business as “categorically untrue”. According to The Telegraph Warburg Pincus was considering the appointment of bankers to administer the sale with a formal process expected to start before the summer. However…

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Boots could close up to 200 stores

Boots owner Walgreen Boots Alliance (WBA) have plans to close up to 200 underperforming stores, according to Sky News. The health and beauty retailer which employs more than around 56,000 people, saw profits fall by more than 18% last year. The potential closures would see just under 10% of Boots’…

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Disrupting physical: Who needs a store?

Only a few months ago, I was discussing the longevity of the high street with an e-commerce director at a luxury furniture retailer. Recalling the closing down sales in my local House of Fraser, I suggested it was just the beginning of an industry-wide revolution. His response surprised me. “It’s…

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Reiss owner mulls sale of majority stake

The US private equity firm Warburg Pincus is reportedly mulling over the sale of its majority state in upmarket fashion retailer Reiss. According to The Telegraph Warburg Pincus is considering the appointment of bankers to administer the sale with a formal process expected to start before the summer. Warburg Pincus…

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WHSmith ranked worst retailer in Which? Survey

WHSmith has finished bottom of Which?’s annual UK high street shops survey rankings of more than 100 shops, while specialist retailers came out on top. The annual survey of more than 7,700 Which? members looked at the bricks-and-mortar shops offering the best in-store experiences. WHSmith finished with a customer score…

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MacKenzie Bezos to donate half of her $37bn fortune to charity

MacKenzie Bezos has announced she will donate half of her nearly $37bn (£29bn) fortune to charitable causes. It comes after the announcement of her divorce with Amazon founder Jeff Bezos in February of this year, after a 25-year marriage. In April Jeff agreed to an eye-watering divorce settlement of around…

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Monsoon founder to inject £34m into business to avoid collapse

The founder of women’s clothing and accessories chain Monsoon has pledged to provide up to £34m in funding for the company to avoid its collapse. Peter Simon is reportedly seeking rent reductions for roughly two thirds of its 271 outlets in a bid to keep stores open and improve the…

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Co-op launches £300m sustainability bond for Fairtrade commitments

Co-op has announced it has launched a new £300m sustainability bond in order to keep up with its Fairtrade commitments. According to Co-op the sustainability bond will be the first ever for a retailer, and will aim to give farmers a better deal for produce along with adding more Fairtrade…

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