Sainsbury’s CEO Mike Coupe, has bowed to the inevitable and is stepping down from his role in May. He’s being replaced by current Retail and Operations Director Simon Roberts, who’s been at the firm for three years.
M&S is focusing heavily on its retail operations and said that it has added two key new roles to the organisation to help it build “a store estate that’s fit for the future with industry-leading store operations”.
Some 57.6% of UK Christmas shoppers avoided purchasing glitter products, a new survey has revealed. The finding highlights retailers’ need to address growing consumer demands for environmentally-friendly products.
TK Maxx has taken a 37,500 sq ft unit at Queensgate shopping centre and is to open a new store in mid 2021, Lendlease and Invesco Real Estate, the global real estate investment manager, have announced.
News this week that Boohoo had a very good final few months of 2019 was significant for more than one reason. As well as showing the firm’s overall strength, it sent its share price — and its overall value — soaring.
Trading stayed challenging at M&S in Q3 with the retail giant reporting just a 0.2% like-for-like sales rise and a total UK sales fall of 0.6%. Yet while Clothing & Home was down, at least the rate of decline slowed.