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. […]

Debenhams CEO Sergio Bucher is reportedly expected to step down within the next few days, a week after the department store chain fell into administration and was taken over by its lenders. A source close to Bucher told the BBC: "Having stayed on and got the refinancing in place, Sergio thinks now would […]

Intu has appointed Cheryl Millington as an independent non-executive director, effective on the conclusion of Intu’s annual General Meeting on May 3. Millington has held a number of senior digital and technology leadership roles across a variety of sectors, including retail and financial services, most […]

Bonmarché has said that a takeover bid made by Edinburgh Woollen Mill owner Philip Day “materially undervalues" the retailer and "its future prospects.” Earlier in April, Day bought a 52.4 percent stake in the retailer via his Dubai-based investment vehicle, Spectre, triggering a mandatory takeover […]

Eterna Fashion Holding GmbH, for the financial year 2018, increased revenues by 0.7 percent to 105.1 million euros (118.5 million dollars). The company said in a statement that the company’s domestic business in Germany improved 1 percent, while its export business declined by 0.2 percent. Commenting […]

Ross Stores, Inc. has announced that Michael O’Sullivan, the company’s President and Chief Operating Officer since 2009, has resigned from his position and its board of directors effective immediately to accept a position with another company. Commenting on the development, Barbara Rentler, the company’s […]