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.
The Works has revealed record-breaking Christmas sales for the 17th consecutive year as it pushes ahead with ambitious expansion plans.
Dunelm has reported like-for-like sales growth in its second quarter, which included the Christmas trading period, driven by a surge in online revenues despite margin pressures. In a trading update for the 13 weeks to December 30, the furniture retailer said total second quarter like-for-like sales increased 3.4 per cent to £255 million, boosted by a 30.5 per cent jump in online sales to £26.2 million.
New Look is reportedly drawing up plans for a Company Voluntary Agreement (CVA) after its insurers cancelled cover to its suppliers. According to Sky News , the fashion retailer is allegedly putting together a plan to close around 10 per cent of its stores and restructure its finances with a CVA
Luxury furniture retailer Warren Evans has put itself up for sale as it prepares to absorb millions in losses. Restructuring company Duff & Phelps has been drafted in to help with the sales process of the retailer’s 14 showrooms across London and southeast England.
Fashion retailer East has posted has posted an uplift like-for-like sales for its Christmas period, boosted by a massive increase from online.
The CEO shake-up comes as the retailer struggles to balance its steep debt load.
Next has released its financial figures for the Christmas period reporting “better than expected” full price sales raising its full-year profit forecast.
Poundland has come under fire from the Advertising Standards Authority (ASA) following a sexualised Twitter campaign involving toy elves. According to The Drum, the ASA received over 80 complaints about the images, which depict the elves in various sexualised poses including one “teabagging” another, one sat naked on a bauble and another drawing phallic imagery. Joker, joker, I really want to poker pic.twitter.com/wNIZcrBWZF — Poundland (@Poundland) December 20, 2017 First come, first served pic.twitter.com/JstSqtWOTh — Poundland (@Poundland) December 19, 2017 The advertising watchdog has now launched an investigation into the retailer following numerous accusations that the adverts were unsuitable for a medium where children could see them freely
Budget fashion retailer Primark has announced the appointment of Espirit’s Paula Dumont Lopez as its new head of womenswear. Dumont Lopez, formerly Zara’s head of womenswear is poised to start her new role heading up the Associated British Foods (ABF) owned brand in early January.