If anyone hadn’t heard of Saul Nash a fortnight ago, they must have now. After receiving multiple accolades since late April, he’s now received another key prize -- The Queen Elizabeth II Award for British Design.
M&S will have a new womenswear leader as of July as Jill Stanton steps down and Maddy Evans takes over. The retailer, whose once-ailing clothing ops have seen a recovery of late, is promoting Evans from within.
Zalando is the latest company to scale back its expectations for 2022 after delivering a Q1 adjusted EBIT loss on Thursday. It also said shoppers are moving either upscale or towards value and away from the mid-market.
Many UK trading updates at the moment see retailers reporting weaker sales and reining-in expectations for the year. But Next’s update on Thursday did neither, even though sales guidance for 2022 overall is fairly muted.
Meta Platforms on Wednesday gave an early glimpse of its first physical store, which features a floor-to-ceiling screen for showing off games on its virtual reality headsets and rooms for testing video calling devices.