The turnaround of high street department store chain House of Fraser is facing significant challenge. Parent company Sports Direct chief Mike Ashley stated the company is facing a multitude of challenges to turn the ailing store group into the "Harrods of the high street." Ashley this week unveiled […]

For the year to March 25, 2018, EBITDA losses at Cath Kidston reached 10.5 million pounds compared to 8.4 million pounds, last year due to currency fluctuations, reports Retail Gazette. However, the company posted a 1.2 percent increase in revenues to 130.7 million pounds for the year under review. […]

Myer Holding Limited has announced the departure of Bob Thorn from the Myer Board. The company said that Thorn would be stepping down from his position in February 2019. Commenting on Thorn’s decision, Myer Chairman Garry Hounsell said in a statement: “On behalf of the board and the executive team, […]

L Brands, Inc., has announced that following its previously disclosed comprehensive review process, it has signed a definitive agreement to transfer ownership and operating control of La Senza – inclusive of the home office organization, North American stores and e-commerce and international partnerships […]

Third quarter revenues at Cherokee Global Brands decreased 25 percent to 5.8 million dollars in the third quarter, as the company said, it continues to transition from its DTR licenses to new wholesale licensing partners in the United States, which was partially offset by revenues from the company’s […]

Sports Direct owner Mike Ashley has lashed out at Debenhams after the UK retailer refused his offer of a 40 million pound cash injection, according to the Daily Telegraph. In a letter published by the UK newspaper, Ashley warns Debenhams CEO Sergio Bucher that without the money the retailer "has zero […]

The board of directors of Kappahl AB has appointed Kappahl’s CFO, Peter Andersson, as acting CEO until the new President and CEO, Elisabeth Peregi assumes her position during the spring of 2019. The company said in a statement, Göran Bille, who has been acting CEO of Kappahl since the 15 of June 2018, […]

Group revenue at Sports Direct International Plc was up 4.5 percent to 1,791.8 million pounds (2,266.3 million dollars) for the 26 weeks to October 28, 2018, due to the acquisition of House of Fraser in the year, growth in premium lifestyle and growth in rest of world retail. Excluding acquisitions […]

Taking a cautious approach to its forecast and assuming that sales will not show any significant improvement before the end of March 2019, Bonmarché now estimates that underlying PBT will be in the range of breakeven to a loss of 4 million pounds for the current financial year. The company said, mid-point […]

Columbia Sportswear Company has appointed Peter Ruppe as Vice President of Footwear for the Columbia brand. In his new role, the company said, Ruppe will report to Columbia brand President Joe Boyle. “Peter Ruppe is a true leader, bringing a unique combination of strategic and tactical thinking,” said […]