Debenhams
This coverage examines Debenhams’ trajectory, strategies, and impact within the UK retail sector. Reporting focuses on store operations, online developments, financial performance, brand repositioning, product ranges, and executive changes. Designed for retail professionals, it offers analysis of commercial decisions, market challenges, and opportunities relevant to department store management and broader apparel and homeware retailing.
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Nov- 2024 -1 NovemberClothing & Shoes
Boohoo snubs Ashley in favour of Debenhams CEO
Boohoo has announced the appointment of Debenhams CEO Dan Finley as its new CEO. The retailer has chosen to ignore the demands of Frasers Group owner Mike Ashley who demanded to be given the role. Finley, who has been with Debenhams for two years, will take up the role with…
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Oct- 2024 -30 OctoberComment
How does a turnaround specialist help retailers improve their performance?
Erin Brookes’ journey into the world of retail consultancy is a testament to how passion, experience, and adaptability can shape a career in an ever-evolving industry. Now managing director and head of Retail at Alvarez & Marsal (A&M), Brookes’ career has spanned across operational and consulting roles, from working on…
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18 OctoberAdvice
Retail lessons from Shahnila Rashid: Topshop, TK Maxx, and beyond
From the rise of fast fashion to the digital disruption that has reshaped consumer behavior, Shahnila Rashid’s journey through the world of merchandising, buying, and retail strategy has provided her with unparalleled insights into both the triumphs and the challenges that come with the territory. Starting her career at Topshop,…
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Sep- 2024 -30 SeptemberNews
Today’s news in brief-30/9/24
Boohoo is reportedly considering a break-up of its business, following pressure from shareholders to revive the company’s declining fortunes. Boohoo’s share price has dropped by over 85% in the last five years, and the company has faced widening losses. The board is said to be contemplating spinning off its core…
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30 SeptemberClothing & Shoes
Boohoo considers break-up of business
Boohoo bosses are reportedly mulling a break-up of the company after shareholders have pressured the group to revive the business. According to The Times, a number of shareholders at the online retailer are understood to have urged the board to break up the group and spin off its core brands…
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Aug- 2024 -29 AugustClothing & Shoes
Quiz swings to £5.2m loss as cost-of-living crisis hits sales
Quiz has swung to a loss of £5.2m in its full-year results, down from a profit of £2.3m the prior year, as cost-of-living pressures impacted sales over the period. For the year ended 31 March 2024, the retailer saw sales fall by 11% to £82m against the £91.7m reported in FY23. …
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1 AugustDepartment Stores
ASA bans Debenhams advert after ‘misleading’ 60% off claim
The Advertising Standards Authority (ASA) has banned a Debenhams advert for “misleading” customers about a “60% off” claim. On 9 March 2024, a paid-for Facebook ad for Debenhams featured text that stated “Step into Spring with up to 60% off fashion, home and beauty at Debenhams”. Below, a carousel of…
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Jul- 2024 -26 JulyOnline & Digital
Boohoo launches new marketplace Boohoo Brands
Boohoo has announced the launch of its new marketplace, Boohoo Brands, as it aims to become “a one-stop destination for all fashion, beauty, and lifestyle needs”. The brand has already onboarded 200 labels, including accessories from Alexander McQueen, Balenciaga, Gucci and Valentino, clothing from Off White and Urban Bliss, footwear…
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22 JulyClothing & Shoes
Cotton Traders sees sales and profits dip amid ‘challenging conditions’
British heritage fashion brand, Cotton Traders, has seen its FY23 operating profit fall 9.9% to £9.8m in what it called a “steady performance” in the face of inflation and the cost-of-living crisis. The brand also reported turnover of £109.4m (-1.7% vs. 2022) and an EBITDA of £11.57m (-7.9%vs.2022). Amongst other…
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May- 2024 -8 MayNews
Today’s news in brief-8/5/24
Boohoo posted widened losses of £159.9m for the full year due to challenging market conditions and a strategic focus on profitability. Despite a 17% decline in revenues, the group saw improvements in core brand performance and growth within the Debenhams marketplace. Boohoo remains committed to leveraging efficiencies and driving profitability…
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