LK Bennett chief executive Darren Topp is stepping down from his position and will be replaced by former East boss Erica Vilkauls. Vikauls was appointed interim chief executive of East in November, a position she held for less than two months as the fashion retailer fell into administration for the second time in less than three years in January
In the 1970s around one in every 200 American was employed by Sears, the pioneering retailer which dominated the country for decades.
Hammerson has rejected a £5 billion takeover attempt by Klépierre, a move that could complicate the Birmingham Bullring owner’s £3.4 billion tie-up with Intu. Klépierre, a French property giant with shopping centres in 57 cities around the world, made a proposed 615p-per-share bid on March 8 “with the intention of engaging in a constructive dialogue” about a takeover. However, it said the bid was rejected by Hammerson in less than 24 hours
Fashion retailer United Colours of Benetton opened the doors to a new three-storey 16,000sq ft flagship today in the heart of London’s West End. The new Oxford Street store, positioned intentionally to benefit from the boost in footfall expected when the Elizabeth Line opens this year, will mark the retailer’s 16 th UK store. Its key features include a “knitwear theatre” displaying the brands extensive knitwear collection, LED screen cladded 12 ft arches, a lounge area and touchscreen interactive tables
Plans to transform Oxford Street into a traffic-free zone has received widespread support, according to a consultation report published today. Transport for London (TfL) and Westminster City Council said 64 per cent of the 22,000 responses received on plans to transform London’s famous shopping street were in favour of the proposals in some form. The plans include pedestrianising a part of Oxford Street – between Orchard Street and Oxford Circus – by December 2018 so as to coincide with the launch of Elizabeth Line train services that will run through the precinct
John Lewis is set to put social media marketing content into the hands of its staff and create 80 new buying and design roles, managing director Paula Nickolds has said. Speaking at a press conference yesterday for the full-year results of the John Lewis Partnership, the parent company of the department store chain, Nickolds said staff – who are all partners in the business – will be able to personalise and share marketing content through their own accounts. It comes after the retailer carried out a trial before Christmas across six stores, involving around 100 partners, who posted bespoke content that was created in-house on their Instagram and Twitter accounts accompanied with the #wearepartners hashtag.
Sixty-three staff members who work at Maplin’s head office have been made redundant as part of the retailer’s administration process, plunging further doubt on the future of its 2500 shop floor staff. It comes after the retailer, owned by private equity firm Rutland Partners, last week drafted in PwC as administrators after attempts to rescue the chain through a sale fell through at the last minute. Staff at Maplin’s offices in London and Rotherham have so far been affected by the administration
Luxury department store Liberty of London has appointed Rob Unsworth to the role of chief financial officer. Unsworth has more than 20 years of experience in the retail sector, with his most recent role being finance director at Debenhams. READ MORE: Liberty names new CEO Liberty records uptick in sales, profit & footfall despite tough market His appointment comes just over a month after Adil Mehboob-Khan was named as the retailer’s new chief executive officer
Sainsbury’s has announced a 15 per cent pay rise for its store staff, raising the base rate of pay from £8.00 to £9.20 per hour. For staff working in inner-London, they will now receive £9.80 per hour.
Burberry’s chief marketing officer Sarah Manley is reportedly set to resign during the summer after 17 years with the luxury fashion retailer and label. According to “well-informed” sources speaking to Fashion Network , Manley is due to leave the FTSE 100 brand at the end of July and her resignation has reportedly been announced internally. The news comes after Burberry’s chief creative officer Christopher Bailey presented his last collection during London Fashion Week last week.