In another blow to the UK high street, Marks & Spencer has proposed more closures as part of its transformation strategy. Bayswater, Darlington, East Kilbride, Falkirk and Kettering will be amongst the towns affected.
It wasn't a great seven days for John Lewis with the week up to and including May 19 seeing its parent company's sales dipping 0.3% to £202.73 million, but the department store chain’s sales falling by as much as 6.3%.
Fashion lifestyle brand Joules said Tuesday that its non-executive Chairman Neil McCausland will step down on July 31 after more than five years on the board to be replaced by the current CEO of furniture chain DFS.
The New York-based lifestyle group announced the resignation of the Italian designer from its Stuart Weitzman footwear brand on Monday, citing unspecified workplace misconduct as the reason for the departure.
Brooks Running Company has already signed on to work with Superfeet Worldwide Inc.'s new US-based factory, Flowbuilt Manufacturing, whose capacities speed up the design-to-market process for in-line and custom sneakers.
M&S has added experienced non-exec directors to its board as it prepares to deliver its latest results, with more store closures expected and potential demotion from the FTSE100 if its share price falls further.