Marks & Spencer is set to cease operations at its Neasden distribution centre and open a new one in Welham Green by 2019. The retailer said that while work at its Neasden warehouse in north London will be transferred to other sites in M&S’s network, the third-party operators of the site have placed 380 colleagues in consultation
The Works has revealed record-breaking Christmas sales for the 17th consecutive year as it pushes ahead with ambitious expansion plans.
Wal-Mart COO Judith McKenna was named president and chief executive of its international unit effective February 1.
Burberry’s Christmas sales failed to meet expectations with comparable sales dipping year-on-year, dealing a blow to new chief executive Marco Gobbetti in his first reported quarter.
Zalando has said it would push ahead with its strategy to increase market share this year after its preliminary fourth-quarter report indicated sales growth and operating profit in line with analyst expectations. The online fashion retailer said preliminary sales figures for the quarter rose between 21.2 per cent and 23.2 per cent to €1.32 billion (£1.17 billion) to €1.34 billion (£1.18 billion), despite a “challenging” October. READ MORE: Zalando announces ambitious partnership expansion plans It said adjusted EBIT is expected to come in between €107 million (£95 million) and €120 million (£106 million) for the same period, up from €95.6 million (£85 million) in 2016
Upmarket fashion retailer Hugo Boss has “achieved goals for 2017” following strong sales in its final quarter, as it pushes on with its turnaround strategy. Sales for the final quarter grew by five per cent to €735 million (£652 million), lifting its full year sales by three per cent to €2.7 billion (£2.4 billion), according to preliminary results released yesterday.