UK: Mothercare appoints Newton-Jones as interim CEO
Mother, baby and children's goods retailer Mothercare has appointed former Shop Direct chief executive Mark Newton-Jones as its interim CEO.
Newton-Jones will replace Simon Calver from 17 March while Mothercare searches for a permanent chief executive. Calver will step down from his role at the end of the month after less than two years in the role.
Previously CEO of Shop Direct, Newton-Jones left in July last year after a decade with the group. Prior to this, he held a number of senior roles with high street and online retailer Next.
Of the appointment, he said: "I'm very much looking forward to working alongside Alan, the board and the executive team of Mothercare, and to help in the transformation of the UK business whilst we continue to grow the successful international division."
Turnaround efforts at Mothercare started to pay off towards the end of last year, after the UK retailer swung to its first half-year underlying profit since 2010/11.
However, earlier this year shares in the business slumped by nearly 30% after the retailer issued a profit warning on depressed Christmas trading.
Click here to read just-style's analysis of Calver's departure and Mothercare's turnaround efforts.
Apparel Retail in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2009-13, and forecast to 2018). The profile also c...
Apparel Retail in United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2009-13, and forecast to 2018). The profil...
- Supply chain takeaways from Sourcing at MAGIC
- Cotton supply chain transparency an ongoing issue
- No simple way to be sustainable, says SAC CEO
- Why voters don’t want more global supply chains
- Denim and athleisure top picks for back-to-school
- Li & Fung eyes supply chain speed in 3-year plan
- Zara USA faces US$5m deceptive pricing lawsuit
- EU clothing imports from China continue to plunge
- Nike and Crystal Group "doing well by doing good"
- EU relaxes origin rules on Jordan clothing exports
- Too Many Standards
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Under Armour, Inc. (UA) - Financial and Strategic SWOT Analysis Review
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras