Fat Face’s CEO is on the way out, but it’s not the usual rapid exit from an under-performing company with the exec to stay for several months and saying the firm is “in good shape”. Anthony Thompson leaves in January.
Fat Face’s decision to shun the traditional pre-Christmas discounting practices paid off for the British casualwear retailer, as sales increased by 12% and 8% on a like-for-like basis in the 5 weeks to 6 January 2018.
New beauty concept Indulge beauty has launched online and its first store at Westfield Stratford City. Located on the lower ground floor, the store aims to become a one-stop destination for beauty lovers.
We’ve heard about an interesting new development in Seven Dials, London, that could see a major retail store taking over what used to be a mini shopping mall. Property firm Shaftesbury is creating a large flagship space.
Harvey Nichols and John Lewis are among the favourite stores for UK consumers but Topshop and Topman, Peacocks and JD Sports come much closer to the bottom of the list in a new poll from Which that looked at 100 chains.
M&S has named its new head of fashion, beauty and interiors and after scouring the fashion sector the retailer has appointed a senior executive from… the car accessories sector. Its new exec is currently CEO of Halfords.
Fat Face has renegotiated debt terms to get greater headroom after a profits slump. It has completed a "covenant reset" to an external financing agreement as the pound's falling value hit profits after the Brexit vote.