While eyebrows were raised this month when Jason Hargreaves replaced Darren Blackhurst as chief executive of Matalan, he started working at the fashion retailer at the age of eight, and has been a senior figure over recent years. You can also choose to be emailed when someone replies to your comment. Given it can now afford to rely on its digital division more heavily as it has enhanced its proposition and clearly convinced customers to shop online, it must carefully consider whether its store estate is still needed in its current form or if it can be streamlined which may help to stem falling EBITDA.”. See Jason Hargreaves's compensation, career history, education, & memberships.
Want an ad-free experience?Subscribe to Independent Premium. Please be respectful when making a comment and adhere to our Community Guidelines. Social mobility champion: How Morrisons focuses on recruiting from deprived areas, How retail changed my life: M&S’ Sharry Cramond – from council estate to dream job, Consumer 2021: Lean into empathy for a customer experience shoppers will trust, Epsilon-Conversant Reputation.com This Place and VMLY&R, Consumer 2021: Customers value community and the personal touch, Consumer 2021: Right messaging is critical to drive growth, say retailers, Consumer 2021: Find out what the future shopper really wants, Strategic report: Exclusive data reveals the new consumer’s delivery demands, Andy Clarke: ‘Online rush will contribute to serious margin trouble across grocery’. Join the conversation. Matalan boss Jason Hargreaves is following in his father’s steps . The son of a Liverpool docker left school at 14 and has never looked back after establishing Matalan from a store in Preston in 1985. Maxine Hargreaves-Adams described Nicole Farhi as “an iconic and much-loved British brand” but the knock-down price paid for the business was not disclosed. The retailer, which was founded in 1982 by French Connection boss Stephen Marks and his former wife Nicole Farhi, appointed Zolfo Cooper as administrator this month after being hit by a trading and cashflow crisis. Maxine Hargreaves-Adams bought the retailer for an undisclosed sum.
Adapting as retail changes is more important than ever, says Matalan chief executive Jason Hargreaves, reporting falling third-quarter sales and profits today. More about French Connection
It was on a trip to a Walmart store in the US that John Hargreaves saw the future of retail: low-cost stores in out-of-town parks.
“Its rapidly growing online channel continued to boost total revenue indicating that its store sales declined, despite having four additional UK branches – 232 stores in total versus 228 this time last year. Another sibling, Jamey, invested in the luxury label Julien Macdonald in 2007.
Are you sure you want to delete this comment? Ms Hargreaves-Adams also invested in Damsel in a Dress last month.
That’s up by 1.1% compared to the third, 12 week, quarter in the previous year, but down by 1.2% when compared to the 13 weeks to December 1 2018. Are you sure you want to mark this comment as inappropriate? Nicole Farhi has endured a turbulent three years.
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Hargreaves said that the retailer had taken action to invest in margins following the “extremely poor” market seen in September – part of a period described by the British Retail Consortium (BRC) as the worst on record. Our journalists will try to respond by joining the threads when they can to create a true meeting of independent Premium. This will continue in the year ahead. Speaking as the retailer announced third-quarter results, Hargreaves said that the falling sales in its latest figures reflected a backdrop of “unprecedented levels of political uncertainty”.
He resigned from the brand as a director iin 2011 but at that time remained an investor. Please continue to respect all commenters and create constructive debates. Register today for a taste of our high-quality intelligence and enjoy: Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated. Start your Independent Premium subscription today. Want to bookmark your favourite articles and stories to read or reference later?
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