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Mulberry non-executive chairman Godfrey Davis will be stepping down from the luxury brand’s board next month. Due to relinquish his role on 30 September, he will be succeeded as chairman by Mulberry non-executive director Chris Roberts. Davis joined the brand in 1987 as finance director and subsequently became chief executive then chairman....

Online furniture retailer Wayfair has reported it will cut about 870 jobs, or 5% of its global workforce, as it looks to cut back operating expenses and realign investment priorities. Shares of the company were down about 8% in premarket trading. Wayfair pegged costs to be in the range of $30 million...

Waitrose has confirmed that it is to close two unprofitable stores in Newcastle city centre and Croydon later this year. The shops in Newcastle’s Eldon Square and Croydon’s George Street will be shuttered on 12 November. The news means 200 jobs are at risk although the John Lewis Partnership said it would...

Foot Locker has announced that Richard Johnson will retire as president and chief executive of the company and be succeeded by Mary Dillion as part of a planned succession process. A former executive chair and chief executive of Ulta Beauty, Dillon will take up her new role on 1 September when...

Simply Be has teamed up with Hirestreet to launch its first clothing rental range. The collection comprises 23 womenswear pieces and includes some of Simply Be’s bestselling own-label occasion wear dresses from the current season as well as a bridal dress which currently retails at £220. With sizes ranging from 10 to...

The former CFO at Imperial Brands is joining the board of discount retailer B&M Retail – and will take on a key committee role following another board member’s retirement. Oliver Tant is set to become a non-executive director at B&M from November 1, 2022, when he will also join the group’s...

Frasers Group is understood to have appointed a new chief executive for fashion retailer Missguided. According to reports, Greg Pateras, the chief executive of Fraser’s recently acquired I Saw It First business, is now to lead both companies. Pateras took on the I Saw It First role in November after initially joining...

Joules has said its trade softened in the five weeks to 14 August after the UK’s extremely warm and dry weather adversely affected full price sales of core categories such as such as outerwear, rainwear, knitwear and wellies. This means that the lifestyle fashion retailer has posted an 8% year-on-year reduction...

The boss of Iceland has said his stores are reporting more instances of shoplifting as the cost of living crisis bites. In an interview, he said that the UK Government had to use all the levers it had “because ultimately, it’s the consumer that will pay for it and it’ll be...

IKEA has decided to liquidate its Russian unit,  further scaling back its operations after more than a decade-long presence in the country. The Swedish furniture giant closed its Russian stores in March and said it would sell factories, close offices and reduce its 15,000-strong workforce in the nation. However, Ikea owner Ingka...