As Adidas builds on its restructuring programme in Europe, Marina Moguš has been promoted to managing director of its key Central Europe operations. She moves up from the post of general manager of Eastern Europe.
Gap is going online-only in the UK and Republic of Ireland with news on Wednesday that it’s closing all 81 of its stores in the British Isles, rather than just the 19 that had already been announced for closure in July.
Gap has confirmed that it’s to close 19 UK and Republic of Ireland stores this summer. It follows a bruising pandemic period and news backs in October that the US firm was launching a review of its European business.
M&S has delivered a bleak full-year earnings report, although the bad news was far from unexpected. In year to April 3 — which included three lockdowns during which its clothing departments were shut — sales plummeted.