All articles by Lisa Berwin – Page 58
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M&S staff face bonus cuts
Marks & Spencer staff will see their annual bonuses slashed despite the retailer generating profits of more than 1 billion last year.
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MK One chief quits as fears of break-up grow
MK One chief executive Dominic Galvin has left the fashion retailer after it was sold to retail restructuring specialist Hilco.
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Fabric Warehouse enters administration
Homewares retailer Fabric Warehouse has gone into administration, becoming the latest victim of the credit crunch.
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Oxfam to unveil fashion boutiques
Oxfam will open its first fashion boutique on Saturday, as it plans to transform the dowdy image of the charity shop.
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SRG picks new MD
Speciality Retail Group (SRG) has appointed Nick Keyte as managing director of the formal menswear chain, with Peter Lucas assuming the roles of chief executive and chairman.
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N Brown’s good results put a lid on City fears
Home shopping group N Brown has shaken off market fears over bad debts after reporting a stellar full-year performance.
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NewsRose to offload stake in Lane Fox business
Sir Stuart Rose will attempt to diffuse the latest Marks Spencer boardroom fallout by selling his stake in Martha Lane Fox’s karaoke business Lucky Voice.
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New Look’s overseas sales to overtake UK
New Look’s Phil Wrigley has said the retailer’s international sales are likely to exceed its UK operation’s in the next five years.
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Jacques Vert issues profit warning
Jacques Vert has issued a profit warning, becoming the latest fashion retailer to be hit by increasingly tough trading conditions.
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Instore reduces losses
Variety store group Instore has made a pre-tax loss of 2.3 million in the year to March 1, from a loss of 9.1 million the previous year.
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N Brown profits climb
Home shopping specialist N Brown has posted a 19.9 per cent increase in full-year profits to 78 million. Revenues advanced 16.6 per cent to 610.9 million in the year to March 1.
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McPhail named New Look chief executive
New Look has re-shuffled its management team, promoting Phil Wrigley to executive chairman and Carl McPhail to chief executive.
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Mosaic Fashions falls into the red
Mosaic Fashions has suffered a 30.2 million pre-tax loss in the year to January 26 compared with a pre-tax profit of 17.2 million the year before.
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Asos sales soar again
Sales at fashion e-tailer Asos rocketed 90 per cent in the year to March 31, reaching about 81 million.
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T-Mobile appoints new retail director to drive growth
T-Mobile UK has appointed Andrew Coull as director of retail as it eyes further retail growth.
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Retailers slam ONS figures
Top retailers and economists have condemned puzzling data from the Office for National Statistics (ONS), which pointed to a 2 per cent rise in the volume of goods sold in the first quarter of the year.
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Supermarkets face cigarette price-fixing inquiry
Retailers, including the big four supermarkets, are facing allegations of price-fixing on cigarettes from the Office of Fair Trading (OFT).
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AnalysisDunkirk spirit
The fortitude of M and M Direct’s staff was part of the attraction for ex-Tesco man Steve Robinson. He talks Lisa Berwin through his plans to propel the multichannel retailer’s sales to £200 million
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Jaeger launches loyalty scheme
Jaeger has launched a loyalty scheme for customers as part of its continuing expansion plans.
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Co-op slams Soil Association labelling system
The Co-operative Group has clashed with the Soil Association over the importance placed on the distance food has travelled by air in a new labelling system.