Good weather, school holidays and Easter all failed to rescue the UK’s suffering physical retail sector last month. The latest BDO High Street Sales Tracker (HSST) showed sales down 0.4% year-on-year in April.
The owner of Dressbarn, Ann Taylor and Lane Bryant, among others, revealed on Wednesday that, after more than two decades at the company, David Jaffe is retiring as CEO, a role in which he will be replaced by Gary Muto.
Debenhams announced its expected CVA on Friday with 22 underperforming stores to shut and 1,200 jobs to be affected. But the firm is upbeat and its Redesigned strategy continues, even though sales have continued to fall.
The New York-based footwear and accessories group announced record first-quarter results on Thursday, with progress made across both its retail and wholesale segments, and its namesake Steve Madden brand leading the way.
Sunglass Hut, the chain owned by Luxottica, will open at Paris’s Saint-Lazare station, adding to the shops opened in Cannes and Nice in September and December 2018, and at the Carrousel du Louvre in Paris last March.
Under-pressure Scandinavian retail giant Stockmann Group issued a profit warning on Wednesday on the back of “the weakened outlook” for its Stockmann Retail operation that should last for the rest of the year.