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Stefanel appoints new CEO

Italian fashion retailer Stefanel has appointed Christiano Portas as its new chief executive, replacing Stefano Visalli was appointed interim boss last December. The news comes as British asset management firm Attestor Capital took out a 71 per cent stake in the business before Christmas. READ MORE: Stefanel eyes UK expansion via franchises Portas, a graduate in economics and business, led swimwear label Arena from 1999 to 2016

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H&M hires global diversity leader after racist jumper backlash

H&M has appointed a diversity manager in response to the global backlash it endured from using a black child to advertise a hoodie with the slogan “coolest monkey in the jungle”. The Swedish fashion giant said Annie Wu, currently H&M’s global manager for employee relations, will become its new global leader for diversity and inclusiveness for the H&M Group and will be based at the retailer’s headquarters in Stockholm.






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Arcadia hints at trouble demanding 2% discount from suppliers

Arcadia Group has dealt a “significant hit” to clothing suppliers by demanding a lower price for any orders made, in signs the fashion giant could be struggling.






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5 Minutes With Paul Lewis, Senior Director of Marketing, VoucherCodes

Tell us a bit about your responsibilities as Senior Director of Marketing at VoucherCodes? I oversee marketing at VoucherCodes, ensuring the business continues to grow to meet the omnichannel needs of both its merchant partners and UK consumers. I support the team to drive our traditional and online marketing plans as well as VoucherCodes’ mobile-first strategy






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5 Minutes With Paul Lewis, Senior Director of Marketing, VoucherCodes

Tell us a bit about your responsibilities as Senior Director of Marketing at VoucherCodes? I oversee marketing at VoucherCodes, ensuring the business continues to grow to meet the omnichannel needs of both its merchant partners and UK consumers. I support the team to drive our traditional and online marketing plans as well as VoucherCodes’ mobile-first strategy






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Moss Bros issues profit warning after Christmas sales & footfall plummet

A disappointing Christmas trading season that saw a slump in sales and footfall has prompted Moss Bros to cut its profit forecast for the year. In a trading update for the 23 weeks to January 6, the menswear retailer said retail comparable sales only edged up by 0.4 per cent. This was because of a 12.3 per cent spike in online sales, as well as a better performance in stores between August and November.






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Online sales up 119% at Quiz over Christmas

Quiz’s Christmas trading update has seen the womenswear retailer push aside industry woes as it recorded “strong” growth. In the seven weeks to January 6, Quiz saw group revenues jump 31.9 per cent, boosted by a massive 119 per cent rise in online revenue. This significant growth has been attributed to investments made to its distribution centre throughout last year






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Asda starts new year with more head office job cuts

Asda has made a further 28 jobs redundant at its head office, just days after Roger Burnley took over the reigns as new chief executive. The Big 4 grocery informed affected staff, who work at its property division, about the job cuts yesterday.






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Mothercare issues profit warning after plummeting Christmas sales

Mothercare has issued a profit warning after a dire performance in in the UK during the run-up to Christmas, with consumer spending falling in both stores and online. The maternity and babywear retailer said UK like-for-like sales plunged 7.2 per cent its third quarter period ending December 30, while online sales tumbled 6.9 per cent.






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M&S sells 27 Hong Kong stores to Al-Futtaim

Marks & Spencer has offloaded its 27-store Hong Kong business to its long-time franchise partner Al-Futtaim.






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