Moss Bros appoints ex-Ted Baker finance chief as CFO November 19, 2019 Suit retailer Moss Bros has appointed former Ted Baker interim chief financial officer Bill Adams as its new finance chief. Adams, who was interim finance chief at Ted Baker before Rachel Osborne joined the company last week, will takeover from Tony Bennett in February. Previously, Adams was finance director at Argos and Homebase. Read more: [...]
More than 70,000 retail jobs lost amid high street struggles July 25, 2019 More than 70,000 retail jobs were lost over the last year as high street stores battle slowing sales and changing consumer habits. The total number of employees fell by 2.3 per cent in the second quarter, amounting to around 72,000 jobs being lost year-on year. Read more: Joules defies retail anguish with growth across the [...]
Joules defies retail anguish with growth across the board July 23, 2019 Clothes store Joules this morning announced a double-figures spike in profit despite tough high street conditions. The full-year results will be the last for outgoing CEO Colin Porter, who said the firm was “well-positioned for continued success”. Read more: Joules lures in top Asda director as new chief executive The figures Pre-tax profit rose 14.9 [...]
Joules enjoys revenue bump as international market blossoms June 6, 2019 British lifestyle brand Joules enjoyed a double-digit rise in revenue over the last 12 months, as booming international demand helped the firm shrug off wider troubles in the retail sector. Read more: Joules lures in new CEO The fashion firm’s revenue jumped by 17.2 per cent to £218m in the year to 26 May 2019, [...]
Asda sales dip on Easter timing as IPO interest mounts May 16, 2019 Asda reported a fall in like-for-like sales today following the later timing of Easter, amid growing City speculation over a possible floatation for the Walmart-owned grocery giant. Like-for-like sales at the group tumbled 1.1 per cent as a result of the holiday shift in the three months to the end of March, Walmart said today, [...]
Moss Bros gears up for crucial summer season after sales bump May 15, 2019 Moss Bros started 2019 with a bump in sales, the men’s tailoring giant revealed today, as it looks to recover from a spate of profit warnings in the upcoming summer selling season. The menswear firm, which was founded in 1851, reported a 1.5 per cent rise in total sales for the business from the end of January to [...]
Rise of the nerds: Why CEOs are more tech-focused than ever May 14, 2019 Chief executives of the UK’s top firms have more technological experience than ever before, helping them better deal with a digitally-focused world, a new study has shown. Read more: Joules lures in top Asda director as new chief executive The annual Robert Half CEO tracker, released today, has shown that the proportion of FTSE 100 [...]
Joules lures in top Asda director as new chief executive May 8, 2019 Fashion group Joules has poached retail veteran Nick Jones to take over as chief executive, it announced this morning. A former top director at Marks & Spencer and Asda, Jones has spent 25 years working within the retail industry. Read more: Prime retail rents slip for embattled high street landlords After 15 years with M&S, latterly [...]
Joules chief executive to resign after five years in charge of fashion retailer April 1, 2019 Joules chief executive Colin Porter has announced plans to retire after five years in charge of the fashion retailer. Shares slid more than three per cent after Porter, who has been with the business since 2010, revealed he would resign before the end of the next financial year. Read more: Joules boss Colin Porter to [...]
Moss Bros wipes out dividend as it swings to a loss after ‘extremely challenging’ year March 26, 2019 Historic men’s tailoring firm Moss Bros moved into the red this morning, blaming a turbulent trading environment for its first losses in almost a decade. Shares tumbled more than five per cent in early morning trading. Read more: Joules boss Colin Porter to take on role as Moss Bros chairman The figures In its preliminary [...]