×
31
Fashion Jobs
VF
Production Planning Manager
Permanent · 香港
NIKE
Dir of Asia Manufacturing & Operations
Permanent · HONG KONG
PUMA
Senior Manager Chemical Compliance
Permanent · Hong Kong
VF
Senior Manager, Regional Projects
Permanent · 香港
VF
Senior Manager - Apparel Digital Product Creation
Permanent · 香港
VF
Senior Manager, Ecommerce, Timberland Apac
Permanent · 香港
LEVI'S
Gsp Purchasing Operations Analyst
Permanent · Wan Chai
ESTÉE LAUDER COMPANIES
Business Intelligence Solutions Manager, Asia Pacific
Permanent · Hong Kong
I.T.
Project Manager, Ecommerce
Permanent · Hong Kong
ESTÉE LAUDER
Vice President, Marketing, Estee Lauder, Asia Pacific
Permanent · Hong Kong
I.T.
Administration Assistant
Permanent · Hong Kong
LULULEMON
Part-Time Educator | Harbour City
Permanent · Tsim Sha Tsui
LULULEMON
Educator (Part-Time) | Hong Kong Ifc
Permanent · Hong Kong
LULULEMON
Educator (Full-Time) | Hong Kong Ifc
Permanent · Hong Kong
PUMA
Intern Apparel
Internship · Hong Kong
ESTÉE LAUDER COMPANIES
Microservices Lead Engineer, Asia Pacific
Permanent · Hong Kong
LULULEMON
Assistant Manager | New Town Plaza
Permanent · Hong Kong
LULULEMON
Educator (Full Time) | Hong Kong Hysan Place
Permanent · Hong Kong
LULULEMON
Educator (Part Time) | Hong Kong Hysan Place
Permanent · Hong Kong
LULULEMON
Educator Full Time | Hong Kong Festival Walk
Permanent · Hong Kong
LULULEMON
Key Leader | Hong Kong New Town Plaza
Permanent · Hong Kong
LULULEMON
Educator- Full Time
Permanent · Hong Kong

Matalan CEO Hargreaves steps down

Published
Sep 11, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The CEO of Matalan is stepping down after seven years in charge at the fashion and homewares value-focused retailer.


Matalan



Chief executive Jason Hargreaves is the son of company founder John Hargreaves and will continue to work with the company and advise the board "in a new capacity", the firm said on Friday.

The company also said that Steve Johnson, who joined only recently as its chair, will become executive chair due to the Hargreaves move. 

He'll work with James Brown, the chief commercial officer and former Sainsbury's executive, as well as the wider leadership team to oversee the running of Matalan on a day-to-day basis.

Hargreaves said: “Now is the right time for me to step down as the CEO into my new role. Providing our customers with the best value product on fashion and home is our heartland, and re-establishing this under my leadership has been a huge achievement. The board under Steve’s leadership are now set up to continue this journey, and the recent addition of James Brown will provide the leadership on the trading floor to ensure we continue to grow from the strong base we have today.”

The executive shuffle comes after the retailer reported that revenues plunged by over 70% in Q1 as Covid-19 devastated its trading.Gross profit was down 163.2% to a loss of £23.7 million. The final loss for the period was £53.8 million, much worse than a profit of £1 million in the previous year’s Q1.

Admittedly, the first quarter was a tough one for so many retail businesses across the UK as stores were forced to close due to the lockdown. However, the company had also been struggling with profitability prior to that and in June it posted a 21.5% fall in full-year restated EBITDA to £80.3 million, even though sales rose 2.3% to over £1.1 billion. 

And while sales rose in the year, this was mainly due to online trading, with physical store sales more challenged.

Copyright © 2020 FashionNetwork.com All rights reserved.