Fast-growing womenswear e-tailer Sosandar said on Friday that Stephen Dilks is joining it as Finance Director as James Bowling, Head of Finance, “has decided to step down to pursue other opportunities”.
Matalan saw its revenue rising 2.3% in the year to the end of February, hitting £1.129 billion, with the company also saying that its market share grew and that its online growth was an impressive 24%.
Quiz has appointed administrators for its standalone store ops, but will buy back the business and renegotiate rents. It means exiting some stores and its Spanish shops will no longer be under its control.
As a huge number of retailers press forward with talks to cut their rents, a report has said that Primark has made some of its landlords sign gagging orders about the fact that it's continuing to pay its rent to them.
When Sainsbury's new boss hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the conversation will be radically different from the one he might have imagined when he got the job.
More Britons plan to buy fashion online this year, not only due to virus fears, but because they've discovered how easy it is. So e-shopping could have reached a key tipping point faster than without the coronavirus.
South African retailer Truworths said on Monday that its full-year profit was likely to fall by at least 30% and it was unlikely to pay a dividend, while all options were open for its British footwear business.