Retail news

• The welcome sight of banks rowing back on executive pensions | Nils Pratley

  20-03-2019 20:04
  HSBC and Lloyds are showing the way, but it’s still one rule for bosses and another for staffAt HSBC and Lloyds in the past week, we’ve been treated to a rare sight: boards deciding not to defend the indefensible on executive pay. The issue has been executive pensions, territory in which large companies have spouted more self-serving nonsense than in almost any other area of boardroom rewards. If the mini-capitulations by the two banks prompt a wider rethink, bring it on. Current pen
  
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• Superdry founder's return dealt blow by shareholder advisers

  20-03-2019 19:01
  Julian Dunkerton is battling to return to the company after a dive in its share priceSuperdry founder Julian Dunkerton’s ambition to return to the fashion brand was dealt a blow on Wednesday when two leading shareholder advisory groups came out against his reappointment.ISS said Dunkerton’s return should not be supported as Superdry’s problems were at least partly the result of his decision-making, while Pirc said his presence on the board would make it insufficiently independe
  
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• Kingfisher: Laury crash

  20-03-2019 15:58
  Demerging the French business would make sense
  
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• Amazon (sub)Prime?

  20-03-2019 13:36
  How commingling has contaminated Amazon inventory and paved the way for a huge lemon problem.
  
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• Véronique Laury to step down as CEO of struggling Kingfisher

  20-03-2019 09:18
  Decision comes as profits fall at the DIY retail group behind B&Q and Screwfix brands Kingfisher, the struggling DIY retail group, has said its chief executive, Véronique Laury, is to leave the company after 16 years as it announced a fall in annual profits and plans to close stores. The company behind the B&Q and Screwfix brands in the UK said it would immediately launch a search for a replacement for Laury, whose leaving date has yet to be decided. Continue reading...
  
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• Kingfisher sees drop in full year profit

  20-03-2019 09:14 via theretailbulletin.com
  Kingfisher, the owner of B&Q and Screwfix, has reported a 13% fall in underlying pre-tax profit to £693 million after retail profit increases in the UK and Poland were offset by weaker performances in France, Russia and Romania.
  
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• Kingfisher chief executive to leave the business

  20-03-2019 09:14 via theretailbulletin.com
  Kingfisher has confirmed that it is to part company with its chief executive Véronique Laury as it announced a fall in profits for the year to 31 January.
  
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• Hermès profits climb on strong demand for luxury products

  20-03-2019 08:57
  Interest in silk scarves and other high-end products shows no sign of fading, group says
  
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• Skincare company, Aesop, deploys a new international point of sale solution from Cegid

  20-03-2019 08:48 via theretailbulletin.com
  Aesop ANZ stores launch the new Cegid Retail in-store solution, ‘Shopping’, as part of the company’s global store roll-out
  
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• Big Ideas For Retail: 10 key CX trends

  20-03-2019 08:40 via theretailbulletin.com
  The landscape of retail is fertile with excitement, opportunity and continually evolving challenges.
  
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• Kingfisher to replace chief after ditching profit target

  20-03-2019 08:33
  Véronique Laury joins list of departing senior staff at DIY conglomerate
  
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• Kingfisher to replace CEO after ditching profit target

  20-03-2019 08:33
  Véronique Laury joins list of departing senior staff at retailer
  
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• ScS says trading is in line with expectations

  20-03-2019 07:34 via theretailbulletin.com
  Furniture retailer ScS saw its revenue edge up 1.1% to£151.4 million in the six months to 26 January.
  
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• Levi Strauss is as enduring as a pair of vintage jeans

  20-03-2019 06:00
  The denim company’s brand has proved tough enough to survive years of wear and tear
  
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