Lifestyle retailer Joules said it has found a new CEO to replace Nick Jones. Jonathon Brown will join on 7 September 2022 and will take over fully at the end of next month “following a short handover period”.
Activist hedge fund Starboard Value, which had offered to buy Kohl's Corp for roughly $9bn early this year, slashed its stake in the department store by more than 80% in Q2, according to a regulatory filing.
Primark has named Michelle McEttrick to the new Chief Customer Officer role, “to develop the Primark brand and customer strategy as the business continues its expansion across new markets, channels and products”.
Retailer Next, a mainstay of Britain's shopping streets, defied the economic gloom on Thursday to lift its full-year sales and profit forecasts after warm weather in June and July spurred better-than-expected trade.
A big appointment in the numbers department at Primark. The Associated British Foods-owned fashion and lifestyle retail giant announced Thursday it has appointed M&S CFO Eoin Tonge as its next Finance Director.
Frasers Group's latest results showed “robust trading and strong strategic progress on the Elevation Strategy”, with Flannels buoyant, House of Fraser improving and a focus on European expansion, as well as the UK.
Selfridges is having a busy July with the department stores giant having launched a number of pop-ups (including one for Spider-Man with Kith), as well as a major exhibition focused on humanity's future.
As retailers battle to attract consumer attention at a time when said consumers are reining-in their spending, it seems that shipping subscriptions could be key to unlocking their purses. For marketplaces, at least.
Joules issued an important update on Tuesday, not just talking about how trading is going at the moment but giving information on its liquidity situation following reports that it had taken on advisers to boost this.