Debenhams CEO Sergio Bucher is stepping down from his position after the company was taken over by its lenders earlier in April. Non-executive chairman Terry Duddy will take over as interim executive chairman until a permanent replacement for a chief executive is found. Former Amazon executive Bucher […]

British Land has announced it is selling 12 Sainsbury’s superstores for a total of 429 million pounds as the property giant continues to reduce its exposure to retail property. British Land announced Tuesday that it is selling the stores to Realty Income Corporation and said its shares of the proceedings […]

New York - Sales of the Chilean women's fashion group Tricot grew 8.4 percent in 2018, reaching 267 million dollars. Revenue has soared in the last year, going from 1.3 million dollars in 2017 to 4 million dollars in 2018. However, Tricot has ended the last fiscal year (closed on December 31, 2018) […]

New York - Avenue Stores has recently announced it has successfully refinanced its outstanding capital structure thanks to new credit provided by PNC Bank. The women’s plus-size apparel and accessories retailer has been provided with a new revolving credit facility by PNC Bank which will retire Avenue’s […]

New York - Yucaipa Companies, Zac Posen’s longtime financial backers, is said to be considering divestment from House of Z, the designer’s company. Yucaipa Company has owned a stake in House of Z for over 15 years. As reported by ‘WWD’, the president of Yucaipa, Frank Quintero, confirmed that he remains […]

Clarks has announced the appointment of former interim CEO Stella David as its new non-executive chair. David will be replacing current chairman Tom O’Neill who will be stepping down on 3 May following the conclusion of the company’s AGM. O’Neill has served on the company’s board of directors for the […]

The headlines concerning Arcadia’s uncertain retail future, its recent store closures, a 500 million pound deficit and founder Sir Philip Green’s reputation in tatters has not impacted shoppers of its flagship brand. Or at least not yet. Topshop appears to not yet be affected as consumer perception, […]

New York – Monsoon Accesorize, the parent company of the British accessories and fashion chains has brought in Deloitte advisers to look into options to speed up their financial turnaround. Amongst other options considered, the retail group is said to be looking into a possible Company Voluntary Arrangement […]

Mike Ashley’s Sports Direct is reportedly set to close its packing facility in Wigan, Greater Manchester on June 13, resulting in 300 job losses. Workers from the Wigan warehouse were informed of the news on Monday, according to the Guardian, with a source telling the British news publication that the […]

J.Jill Inc. has announced on April 15 that Mark Webb will take on the role of executive vice president and chief financial officer. He will assume this role on May 1, overseeing finance, tax, accounting, treasury, investor relations, company planning, and real estate, according to the company’s announcement. […]