JD Sports

Quiz CEO steps down as sales dip

Quiz has revealed that founder and CEO Tarak Ramzan is stepping down from his role with immediate effect as UK sales continue to be impacted by “subdued levels of traffic” in-store and online. Ramzan, as the largest shareholder of the company, will assume a non-executive director role. Having founded the…

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Today’s news in brief-18/3/24

The Saudi PIF, along with Kering, is reportedly eyeing a stake in Selfridges as the store’s co-owner, Central Group, faces financial struggles due to the collapse of its Austrian partner, Signa. The potential deal, valued around £2bn, is complicated by legal proceedings in Austria. Selfridges reported a narrowed loss and…

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Frasers Group calls in administrators for two kids brands

Frasers Group has called in administrators from Kroll Advisory for Kids Cavern and Base Childrenswear on Friday 8 March, Drapers has reported.  This comes after the group acquired the two brands from JD Sports in December 2022 in a £47.5m deal.  The deal also included Tessuti, Choice, Clothingsites, Cricket, Giulio,…

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Footasylum chair and CEO Barry Bown to step down

Footasylum has announced that its executive chairman and CEO, Barry Bown, will be stepping down from his role to take up a consultancy role at the fashion streetwear retailer’s owner, Aurelius Group.  Bown first joined Footasylum in 2018, having spent over 30 years at JD Sports, 14 years of which…

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Frasers Group CMO exits amid marketing team restructure

Frasers Group chief marketing officer Beckie Stanion has left her post amid a restructure of the company’s marketing team, leaving 20 jobs at risk, according to Drapers. The company stated this move aims to “improve operational efficiency and delivery across all areas of marketing functions” and the business has launched…

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Clacton Shopping Village marks ‘record-breaking’ 2023 trading

Clacton Shopping Village in Essex has experienced a “record-breaking” 2023 after welcoming a new high of 1.6 million shoppers and sales of £21m for the first time.  The shopping destination, which celebrates its 25th anniversary this year, saw a record £630k taken in the week leading up to Christmas when…

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Today’s news in brief-13/2/24

Yodel has been rescued by rival company Shift, marking a significant development in the logistics sector. Yodel, acquired by YDLGP Limited, backed by Shift and other investors, is set to merge with Shift, known for successfully revitalising the Tuffnells brand. The merger aims to create a robust logistics platform catering…

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Matalan appoints new CFO

Matalan has announced the appointment of Dave Williams to the initial role of chief financial officer designate, which will graduate to the full CFO role and a position on the retailer’s board.  The announcement comes as the latest CFO Stephen Hill has decided to “step down and pursue his next…

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Frasers Group to launch new flagship store in Kent

Frasers Group has announced that it has signed a new long-term lease agreement for its 101,921 sq ft unit at M&G Real Estate’s Maidstone town centre retail destination. The new agreement will see Frasers Group fully refurbish its current House of Fraser unit at Fremlin Walk into a flagship store…

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Today’s news in brief-4/1/24

UK retail footfall rose by 6.1% in December driven by a festive shopping surge. Shopping centres led with an 11.1% increase, followed by retail parks (5.9%) and high streets (3.7%). Compared to 2022, footfall edged up by 0.2%, primarily in high streets (+1.2%). However, shopping centres saw a decline of…

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