Tesco has confirmed that Richard Brasher, its UK
boss, is leaving the business. He steps down from the board with
immediate effect, and will depart in July following a handover
period with group chief executive Philip Clarke. Thanking Brasher
for his contribution, Philip Clarke said in a statement that he
would now assume responsibility for the UK business.
Total sales at multichannel retailer Argos
declined by 7.7 per cent to £480 million in the year ended
25th February 2012. Like-for-likes were down 8.5 per cent in the
period, due to a weakness in the consumer electronics market. At
sister company Homebase, like-for-like sales declined 6.5
per cent. Overall, however, parent company Home Retail Group says
pretax profit will be in line with expectations.
Outdoor apparel multichannel retailer Snow +
Rock has appointed Hamish Mansbridge, the finance
director of The White Company, as its new chief
financial officer.
According to the Telegraph, OpCapita, the new
owner of struggling electricals chain Comet, is
in the running to acquire Game’s debt from its
lenders and pay its suppliers’ bills in full. In a statement,
Game confirmed a “third party” has shown interest in
providing additional funding, but “there is no certainty to
the outcome”.
Guernsey-based 7DayShop is shedding 30 jobs and
moving its operations off the island following the government’s
decision to scrap low value consignment relief (LVCR) and rising
postal costs, reports Channel Television. The piece also noted that
Guernsey-based Healthspan is also warning of 26
job losses as it seeks to move its warehouse to another
country. At Jersey-based Indigo Starfish, some
200 employees are on notice.
Share