Up-to-date coverage of the latest events in UK retail.
07:40am Boohoo’s new boss John Lyttle takes the reins
The fashion etailer’s new chief executive and former Primark chief operating officer Lyttle takes up his new appointment today.
As a result, the retailer’s former joint chief executives Carol Kane and Mahmud Kamani assume the roles of executive chairman and executive director as a result.
Boohoo’s search for two new non-executive directors continues, and the retailer said it would update on appointments for these roles in due course.
07:35am H&M reports first quarter sales boost
The fashion retailer recorded a 10% rise in first-quarter sales year-on-year to 51bn Swedish krona (£4.2bn) up 4% on a local currency basis.
The retailer will unveil its full first quarter results on March 29.
07:30am Karen Millen to launch swimwear range
The fashion retailer will make its first foray into swimwear next month in a collaboration with Heidi Klein, according to Drapers.
Karen Millen and Coast’s chief executive Beth Butterwick also said she planned to bring the two brands closer together and focus on price.
Butterwick told Drapers: “We have sharpened our offer at entry price points and extended our range offer at exit – for example, evening dresses.”
