WOOLWORTHS: Boss to depart

Chief executive, Trevor Bish-Jones, to step down following a further decline in the retailer's sales, according to a report.
Publish date:

Woolworths has said its chief executive is to step down, after it was agreed it was an "appropriate time" for a new leader, according to the BBC.

The retailer reported group sales were down 1.9 per cent in the 19 weeks to June 14th, while like-for-like sales at its High Street stores were down 2.2 per cent.

In addition it also said it was selling four of its London stores to Waitrose, raising £25.5 million in cash.

"We believe that the spending power of many consumers will be reduced by a number of factors including rising energy and food prices," the firm said in a statement.

Bish-Jones will remain in his position for three months while a replacement is sought.



TRU boss stepping down

Toys R Us has confirmed that chief executive John Eyler and its COO, Chris Kay, will step down when the company is acquired by private investors.

Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.