High-end e-tail giant Yoox Net-A-Porter has named Nisreen Shocair as its CEO, Middle East. She joins with “extensive global retail and e-commerce expertise, holding senior positions in the UAE and New York”.
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.
John Lewis had a shock announcement on Thursday with news that Paula Nickolds will be leaving the business next month. But less of a surprise was the fact that festive trading figures were down, albeit not by much.
Beiersdorf, which owns brands Nivea, Eucerin and La Prairie, has partnered with the AI business Insilico Medicine -- which develops end-to-end drug discovery pipelines -- to carry out computer-simulated skin research.
Orders for Paul Smith's collections are growing season by season with the high-end business seeming to have recovered from its troubles of the last decade, its latest results showed. And the firm is upbeat for SS20.
Rising sales but falling profits were a feature of Space NK's latest financial year. But analysts were impressed with its overall performance as it made the most of opportunities both in stores and online.
The shift in consumer focus from physical stores to online shopping was underlined this week on news of a £51.4m deal to transform a London retail park into a logistics hub with warehousing for online businesses.
While pre-Christmas retail may have been disappointing in the UK, it could get worse with yesterday dubbed ‘Takeback Thursday’ on the back of predictions that a huge number of purchases would be returned on that day.