Latest news with #JuliaGoddard
Rhyl Journal
22-05-2025
- Business
- Rhyl Journal
Jobs at risk as Harvey Nichols considers axing hampers and own-brand food
The department store business is undergoing a three-year turnaround programme under recently-appointed boss Julia Goddard in order to return the firm to profit. On Wednesday, the company told staff it is launching a consultation that will impact around 5%, or roughly 70, of the group's 1,400-strong workforce. Bosses have put forward restructuring proposals, which could see it stop a number of 'non-core' parts of its business. It said it is therefore looking at potentially shutting down its own-brand food products, hampers and corporate food offering, and its online food marketplace. It comes as Ms Goddard, who became chief executive last year, seeks to sharpen its fashion, beauty and hospitality offering to help improve its fortunes. Harvey Nichols said it has secured a raft of new fashion brands and is pushing forward with a major refurbishment of its Knightsbridge store to attract more customers. A company spokeswoman said: 'Harvey Nichols is undergoing a significant transformation to re-establish the brand as a British icon and flagship destination. 'As part of this transformation, we have already secured 75 new fashion brands for 2025. 'In line with this strategy and the focus on our core fashion and beauty edit, we are putting forward proposals regarding the non-core areas of our business and the restructuring of some of our teams. 'We are committed to supporting all affected employees through this transition and ensuring the long-term success of our business..
Fashion Network
22-05-2025
- Business
- Fashion Network
Harvey Nichols deepens focus on fashion and beauty as other category jobs are put at risk
has put 70 jobs at risk and for once in the luxury downturn, they're not in the fashion department, as the high-end department doubles down on its commitment to fashion and beauty. Upmarket foods may have been a growth area for many retailers in recent years, but Harvey Nichols is scrapping its grocery and festive hamper offer as it addresses losses and refocuses on its core products offer. It's closing several non-core operations that The Times reported include own-brand food, hampers, corporate food sales, and its online food marketplace. Beauty remains a key part of its offer, despite the retailer recently shutting its multi-storey, 13-year-old Beauty Bazaar store at the Liverpool One mall. It's part of a wider three-year strategy spearheaded by still-new CEO Julia Goddard that's all about returning the retailer to its glory days as a must-visit store focused on luxury fashion and linked categories. The Times also reported that it has seen unpublished figures showing the company's net loss before tax widened to £34 million in the year to March 31 2024 from £21 million the year before. That marks half a decade of consecutive losses with high interest rates and costs linked to its pre-Goddard restructuring programme being blamed. In a statement, the retailer said: 'Harvey Nichols is undergoing a significant transformation to re-establish the brand as a British icon and flagship destination. This involves major changes, including a substantial refurbishment of our Knightsbridge flagship store to significantly enhance the store's attractiveness and customer experience. 'In line with this strategy and the focus on our core fashion and beauty edit, we are putting forward proposals regarding the non-core areas of our business and the restructuring of some of our teams. We are committed to supporting all affected employees through this transition and ensuring the long-term success of our business.'
Fashion Network
22-05-2025
- Business
- Fashion Network
Harvey Nichols deepens focus on fashion and beauty as other category jobs are put at risk
has put 70 jobs at risk and for once in the luxury downturn, they're not in the fashion department, as the high-end department doubles down on its commitment to fashion and beauty. Upmarket foods may have been a growth area for many retailers in recent years, but Harvey Nichols is scrapping its grocery and festive hamper offer as it addresses losses and refocuses on its core products offer. It's closing several non-core operations that The Times reported include own-brand food, hampers, corporate food sales, and its online food marketplace. Beauty remains a key part of its offer, despite the retailer recently shutting its multi-storey, 13-year-old Beauty Bazaar store at the Liverpool One mall. It's part of a wider three-year strategy spearheaded by still-new CEO Julia Goddard that's all about returning the retailer to its glory days as a must-visit store focused on luxury fashion and linked categories. The Times also reported that it has seen unpublished figures showing the company's net loss before tax widened to £34 million in the year to March 31 2024 from £21 million the year before. That marks half a decade of consecutive losses with high interest rates and costs linked to its pre-Goddard restructuring programme being blamed. In a statement, the retailer said: 'Harvey Nichols is undergoing a significant transformation to re-establish the brand as a British icon and flagship destination. This involves major changes, including a substantial refurbishment of our Knightsbridge flagship store to significantly enhance the store's attractiveness and customer experience. 'In line with this strategy and the focus on our core fashion and beauty edit, we are putting forward proposals regarding the non-core areas of our business and the restructuring of some of our teams. We are committed to supporting all affected employees through this transition and ensuring the long-term success of our business.'
Fashion Network
22-05-2025
- Business
- Fashion Network
Harvey Nichols deepens focus on fashion and beauty as other category jobs are put at risk
has put 70 jobs at risk and for once in the luxury downturn, they're not in the fashion department, as the high-end department doubles down on its commitment to fashion and beauty. Upmarket foods may have been a growth area for many retailers in recent years, but Harvey Nichols is scrapping its grocery and festive hamper offer as it addresses losses and refocuses on its core products offer. It's closing several non-core operations that The Times reported include own-brand food, hampers, corporate food sales, and its online food marketplace. Beauty remains a key part of its offer, despite the retailer recently shutting its multi-storey, 13-year-old Beauty Bazaar store at the Liverpool One mall. It's part of a wider three-year strategy spearheaded by still-new CEO Julia Goddard that's all about returning the retailer to its glory days as a must-visit store focused on luxury fashion and linked categories. The Times also reported that it has seen unpublished figures showing the company's net loss before tax widened to £34 million in the year to March 31 2024 from £21 million the year before. That marks half a decade of consecutive losses with high interest rates and costs linked to its pre-Goddard restructuring programme being blamed. In a statement, the retailer said: 'Harvey Nichols is undergoing a significant transformation to re-establish the brand as a British icon and flagship destination. This involves major changes, including a substantial refurbishment of our Knightsbridge flagship store to significantly enhance the store's attractiveness and customer experience. 'In line with this strategy and the focus on our core fashion and beauty edit, we are putting forward proposals regarding the non-core areas of our business and the restructuring of some of our teams. We are committed to supporting all affected employees through this transition and ensuring the long-term success of our business.'
Leader Live
21-05-2025
- Business
- Leader Live
Jobs at risk as Harvey Nichols considers axing hampers and own-brand food
The department store business is undergoing a three-year turnaround programme under recently-appointed boss Julia Goddard in order to return the firm to profit. On Wednesday, the company told staff it is launching a consultation that will impact around 5%, or roughly 70, of the group's 1,400-strong workforce. Bosses have put forward restructuring proposals, which could see it stop a number of 'non-core' parts of its business. It said it is therefore looking at potentially shutting down its own-brand food products, hampers and corporate food offering, and its online food marketplace. It comes as Ms Goddard, who became chief executive last year, seeks to sharpen its fashion, beauty and hospitality offering to help improve its fortunes. Harvey Nichols said it has secured a raft of new fashion brands and is pushing forward with a major refurbishment of its Knightsbridge store to attract more customers. A company spokeswoman said: 'Harvey Nichols is undergoing a significant transformation to re-establish the brand as a British icon and flagship destination. 'As part of this transformation, we have already secured 75 new fashion brands for 2025. 'In line with this strategy and the focus on our core fashion and beauty edit, we are putting forward proposals regarding the non-core areas of our business and the restructuring of some of our teams. 'We are committed to supporting all affected employees through this transition and ensuring the long-term success of our business..
