It wasn’t a wipe-out, but it also wasn’t brilliant news either as the UK’s statistics body reported December retail sales figures on Friday with just a 1.4% volume increase year-on-year. Online was the star of the show.
E-sales surged at UK value fashion retailer Bonmarché in the 13 weeks to December 30. But that was the best news in its trading update on Friday as the year ended on a pretty bleak note with falling store sales.
The Italian fashion group acquired by English asset management firm Attestor Capital last year has confirmed the appointment of Cristiano Portas as its CEO. He brings 16 years of experience leading swimwear brand Arena.