John Lewis Partnership has been having a turbulent time of it lately, its previous status as an almost-unstoppable retail powerhouse having been seriously damaged by a string of poor sales and profits results.
Ongoing underperformance at its Australian operations has led to the exit from his group post of Woolworths Holdings’ CEO Ian Moir, the South African company replacing him with an executive from Levi Strauss.
Retailer Anthropologie is continuing the rollout of its smaller, ‘local store’ concept with a third location under the local umbrella having opened. The new store is the second local shop to open in the UK.
Boohoo continued its rapid sales ascent in the four-month period to the end of December and while there was no information about sales at its newly-acquired brands, its existing portfolio went from strength to strength.
With many in UK retail reporting sales falls for the Christmas trading period it was encouraging on Friday to see JD Sports Fashion talking about “positive like-for-like trends in the group's global fascias”.
We’ve become very used Joules reporting a succession of upbeat sales and profit figures so it was something of a shock when on Friday its Christmas trading update was less than rosy and included a profit warning.
Value fashion retailer New Look said on Thursday that Roger Wightman is leaving his post of Chief Product Officer after 30 years and will be replaced by Helen Connolly who will be Chief Commercial Officer.
Circumstances conspired against Fast Retailing in Q1 with the firm having faced several obstacles in the Asia market. And its Uniqlo chain was also at the mercy of the weather last month as high temperatures hit sales.
Mid-market womenswear retailer Jigsaw has become the latest major name to asked for rent reductions from its landlords with the company reportedly seeking cuts of 30%, as well as the opportunity to delay rent payments.
Trading stayed challenging at M&S in Q3 with the retail giant reporting just a 0.2% like-for-like sales rise and a total UK sales fall of 0.6%. Yet while Clothing & Home was down, at least the rate of decline slowed.