H&M’s latest collaboration with Liya Kebede’s Lemlem drops on Earth Day, but it won’t use the artisan-focused label’s supply chain, underscoring the complexities of these kinds of partnerships.
Amplified by a potential power shift from landlords to retailers and the need to seamlessly embed digital, companies will need to make tough choices to improve their return on investments.
The British retailer said the move was part of its strategy to return to sustainable profit by 2025.
This week, Felicia Mayo, former head of diversity at Tesla, replaced Kellie Leonard in a similar role at the American sportswear giant.
The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next.
This week, Alasdhair Willis exited the British heritage brand, while LOVE appointed Pierre A. M’Pelé, aka Pam Boy, as its senior editor.
Sales at the department stores were down 17 percent year-on-year since the middle of March.
Sales at one of Britain's best known store chains fell by 2 percent during the holiday period.
Sharon White will be John Lewis' sixth chairman and the first woman to hold the high-profile position in the retailer's 155-year history.
The cuts underscore the depth of Britain's current retail crisis.
Britain's biggest department stores operator said demand was 'very strong' on Christmas Eve, indicating that shoppers had delayed rather than cut spending.
The group said profit before one-off items slumped 99 percent in first half of 2018, hit by its stores' pledge to match prices at rivals.