Woolworths loses third David Jones CEO
By Robert Laing - Feb 7th, 13:20
The CEO of Woolworths’s Australian department store chain David Jones has resigned after less than two years in the job, and the JSE-listed retailer is now headhunting its fourth CEO for its Australian chain since it acquired it in 2014.
Woolworths said David Thomas had resigned with immediate effect for personal reasons — echoing the departure of Iain Nairn who resigned for personal reasons shortly after the SA group acquired David Jones.
Nairn was replaced by John Dixon, who was subsequently promoted to Woolworths’s overall CEO of its Australian operations.
In April 2017, Woolworths announced a structure in which Thomas was promoted to David Jones CEO, and he, along with Country Road CEO Scott Fyfe, reported to Dixon.
But then in May 2018, Woolworths announced it had decided to eliminate Dixon’s position, and Thomas and Fyfe would now report directly to the group’s CEO, Ian Moir.
Woolworths said Moir will work directly with the David Jones management team until Thomas’s replacement is announced in due course.Business Live
H&M’s sales growth fails to ease investors concerns about margin pressure
18/06/2019 - 15:41
Fashion retailer H&M reported sales grew for a fourth straight quarter, but also hinted it had needed to invest more to boost its online business, disappointing investors already concerned about margin pressure.
Fashion house Chanel parades its independence as profits rise
18/06/2019 - 12:49
Luxury fashion group Chanel, whose star designer Karl Lagerfeld died in February, reported higher annual sales and profits and once again reaffirmed its independence, stating it was not for sale.
A Woolworths window display wins big in London
18/06/2019 - 11:34
A Woolworths window display that incorporated milk bottles and plastic hangers has snapped up a prestigious global award.
Five things you need to know about the pharmaceutical industry
14/06/2019 - 11:10
The pharmaceutical sector - both locally and globally - is following suite with general retail and going through uncertain times. More consumers are shopping the basics with baskets of necessities only. As CEO of the Shoprite Group, Pieter Engelbrecht, said in response to their interim results (which speak for the average South African), “In the external operating environment, economic conditions have left the group's core customer under significant financial pressure.”
The problem with influencer marketing
13/06/2019 - 15:16
Brands looking to embark on or develop an influencer marketing strategy need to think carefully about their choice of person and how believable the message is. That warning has been sounded by Anne Dolinschek, founder of specialist agency Nflu#ntial.