Vuhes Magazine - Latest News & Updated Trends on Wellness, Beauty & Aesthetics, Luxury Living

    Home UK retailer Monsoon Accessorizes 141 joint stores will be closed up

UK retailer Monsoon Accessorizes 141 joint stores will be closed up

August 20, 2016

Monsoon Accessorize joint store, Ph: theloadstar

As part of a restructuring programme led by its new chief executive Paul Allen due to a 9% fall in sales of retail to £465m in the year to August 2015 and plans to launch a ‘far-reaching strategic reorganisation programme’, which will include refocusing the way the group’s brands are operated in the UK with different strategies to address their distinct core customer propositions.

Monsoon Accessorize is planning to close up to 141 joint stores over the next five year.

It plans to open separate Monsoon and Accessorize shops in the areas where joint outlets are now located.

Monsoon Accessorize is established in the 1970s and owned by tycoon Peter Simon. Now it has over 5,500 employees across the UK and more than 300 stores.

RELATED ARTICLES
April 26, 2017
Victoria’s Secrets, Nike and Sephora ranked as the top three favoured brands

Victoria’s Secrets, Nike and Sephora ranked as the top three favoured brands

Ph: Sephora The 2017 ‘Love List Brand Affinity Index’ compiled by Condé Nast US and Goldman Sachs examined millennial and gen z consumer preferences in the fashion, retail and beauty categories. The poll, of 2,345 US consumers between the ages...

November 03, 2017
Best Eye Cream for Wrinkles

Best Eye Cream for Wrinkles

1- Botanics Radiant Youth Hydrating Eye Cream When it comes to fighting wrinkles around the eyes, the combination of ingredients is the most important. Botanics Radiant Youth Hydrating Eye Cream includes retinyl palmitate, a retinoid with a lower level...

September 01, 2018
Latin American Beauty Market is Expected to Expand

Latin American Beauty Market is Expected to Expand

Recently, the Latin American beauty market seems to be back on track. According to the data, the regions personal care and beauty product sales in 2017 gained US$65 billion in 2017, increasing by 42.5% between 2012 and 2017. Its...

November 23, 2016
Latest Trend of 90’s Rock & Roll Style

Latest Trend of 90’s Rock & Roll Style

From plaid shirts to distressed denim and tulle skirts, these pieces truly make a statement. 

November 23, 2018
The Beauty Giant Coty Has Replaced Its CEO

The Beauty Giant Coty Has Replaced Its CEO

  Everything has to change to develop further. That’s recently, the beauty giant Coty has made a huge switch by replacing its important positions. Let’s read the article below to know more about this change.     About Coty...