Struggling British department store group Debenhams has confirmed the departure of Ross Clemmow, managing director for retail, digital, food and events, in the New Year.
Clemmow has been with Debenhams for more than five years and has been in his current role since October of last year.
Go deeper with GlobalData
In a statement sent to just-style, Debenhams said Clemmow is leaving to take up a new position as managing director of international private equity group Bridgepoint.
The news comes a week after the department store group announced it is to close up to 50 stores – nearly one-third of its store base – putting around 4,000 jobs at risk amid record annual losses.
The company, which operates around 165 stores, revealed a GBP491.5m (US$634.3m) pre-tax loss, against profits of GBP59m the year before.
See Also:
The news, analysts say, is a stark indication of how much the high street is floundering, and that just a few years ago it would have been unthinkable that retailers were planning on cutting staff levels ahead of Christmas.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
