Ted Baker said Monday that stores accounting for 68% of annual retail sales are now shut. But while that’s bad news, it also had something good to report with e-tail up strongly and its HQ sold for a good price.
As more and more people travel by train, retail at railway stations is growing and this week, the UK's Network Rail said that it has seen a 4.48% growth in sales at Britain's biggest and busiest stations.
Fresh from reports that Ted Baker is seeking to sell its HQ to generate cash, news has came that the firm is cutting head office jobs with 102 posts being made redundant and another 58 current vacancies left unfilled.
A leadership restructure will see four members of Ted Baker’s board leave the embattled fashion business over the next few months as acting CEO Rachel Osborne steers the company through a period of transformation.
American CRM services specialist Salesforce has added the stock optimisation solutions of French start-up OneStock to its suite of corporate software applications, currently adopted by some 150,000 companies.
Shira Sue Carmi, the former president of Mansur Gavriel, has just been named CEO of Altuzarra. The New York-based company was formerly run by Karris Durmer, who has left to join Scotch & Soda’s American branch.