October/November 2024
housewareslive.net
Dobbies to close 17 stores as it unveils restructuring plan
ng plan D
John Lewis Partnership CEO to step down
J
Kankiwala is to step back from his
Kankiwala will resume his position on the board in March 2025 to support new Chairman Jason Tarry, who succeeded Dame Sharon White.
Mr Kankiwala said: “The board
asked me to move across from my non- executive director role to chief executive back in March 2023. This was in view Partnership and to help accelerate this phase of the transformation. the Partnership as CEO during this period proud of what we’ve achieved so far – thanks to the hard work and dedication of our partners. the Partnership from strength to strength in the next phase of our transformation and am delighted to continue to support him and the board in an advisory capacity going forward.”
The former Non-Executive took up the
CEO role in March 2023 to help Ms White with the day-to-day running of the business and to “supercharge” its transformation. The John Lewis Partnership, which also
owns Waitrose, slashed its pre-tax losses from £59m to £30m in the half to July 27 as it revealed it was on track to deliver Nish for the pivotal role he has played for Director of the board and recently as CEO.”
Oliver Bonas reports
O
liver Bonas has fell last year as it
battled growing interest during the period. The homewares and the year ending December million the year before, however, sales were up However, the fashion and lifestyle chain said that the overall economic backdrop
over 2023 led to “subdued discretionary consumer spending”. Oliver Bonas noted that it continued to invest in its store estate over the year, opening seven new shops as well as relocating or increasing the size of eight more. The brand said it remained committed to its multichannel approach, and that it would continue to invest in new stores, relocations, refurbishments, and its websites moving forward.
obbies has revealed its restructuring plan, which will
stores, as it aims to “address historically uneconomical rent costs and ensure a return to sustainable The retailer will close 11
mainline sites and six Little Dobbies stores, all of which it stated are Dobbies will also work with
landlords to seek temporary rent reductions at a further nine sites. noted that there would be no impact to suppliers. The gardening specialist expects the 17 sites to cease trading by the end of the year, subject to the restructuring plan being successfully approved.
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