Fenwick news and archive

Fenwick cuts 408 jobs as sales and profit continue to drop

Fenwick has made 408 people redundant across its department stores in England, reports BBC. Its flagship store in Newcastle has cut almost 119 positions. The company said in a statement that the step has been taken in response to decline in sales and profits and growing need to restructure. BBC quoted a spokeswoman for the company saying: “all...

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‘Modernisation’ efforts at Fenwick lead to fear of layoffs

The department store chain Fenwick is said to be in discussion with its 2,000 staff members regarding organisational changes, which could lead to significant number of employees losing their jobs, reports BBC. Planning to focus on omni-channel, Fenwick aims to launch an online shopping platform, while "modernising and reorganising the business"...

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Fenwick appoints Jeremy Collins as Property Director

London - Department store chain Fenwick has hired former John Lewis exec Jeremy Collins as its new property director. Collins, who previously joined John Lewis in 2003, is set to take on his new role at Fenwick in April. He brings with him years of retail and property experience, having previously served at Lend Lease as retail and project...

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Fenwick appoints Robbie Feather its new CEO

Department store chain Fenwick has roped in ex-commercial director of Argos, Robbie Feather as its new Chief Executive Officer, reports ChronicleLive. He would step into the new role at the company’s headquarters in Newcastle next year. He replaces Adam Fenwick, last member of the Fenwick family on the company’s statutory board, who left the...

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Co-op CEO Richard Pennycook joins Fenwick as its new Chairman

Co-op CEO Richard Pennycook is moving to department store group Fenwick as its new Chairman, reports Retail Week. It added that Pennycook will replace Mark Fenwick, who has reveled his plans to step down for the position in May. The news of his appointment as Chairman of Fenwick comes days after Pennycook announced that he was leaving Co-op, the...

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Fenwick posts marginal rise in annual sales

Fenwick, department stores operator in the UK has reported a marginal increase of 1.2 percent in sales to 437.1 million pounds (534 million dollars) for the year to January 29 2016. While the 134-year old retailer paid 4.8 million pounds in dividend to the controlling family last year, it is sceptical about the health of the UK retail market....