Today’s news in brief-2/9/24
John Lewis Partnership (JLP) has refuted recent claims of additional job cuts and management restructuring. Earlier, reports suggested management team overhauls across 34 stores could lead to more job losses beyond the 153 roles already announced last month. JLP clarified that these changes aim to enhance operational flexibility and customer service, with no current plans for further reductions.
M&S is urging Deputy Prime Minister Angela Rayner to approve its controversial plans to demolish its Marble Arch flagship store, housed in a 1929 art deco building, and replace it with a ten-story retail and office block. The plans, currently under Rayner’s review, were previously blocked by Michael Gove in July 2023 due to concerns about the potential impact on nearby landmarks, including the grade II listed Selfridges building. M&S argues that approving the demolition would signal support for sustainable growth in the planning system.
Under Armour has appointed Franck Denglos as Vice President of Commercial for Europe, the Middle East, and Africa (EMEA). With extensive experience in sports and fashion, Denglos will oversee sales channels across the region, focusing on growth and market expansion. His appointment reflects Under Armour’s strategic efforts to strengthen its presence in key international markets.
Neil Clifford, CEO of Kurt Geiger, has highlighted the detrimental effects of the UK’s cessation of tax-free shopping for tourists. He noted a significant decline in international visitor spending, as shoppers opt for other European destinations without VAT charges. Clifford criticised the decision, emphasising its widespread negative impact on retail and associated industries across the UK.
Music retailer HMV has reported a substantial sales increase following the announcement of Oasis’s reunion after 16 years. Sales across the band’s catalogue surged, with notable spikes for albums like “Definitely Maybe” and live recordings from Knebworth. The anticipation for Oasis’s upcoming live shows and special edition releases has driven renewed interest in the band’s iconic music.
