M ands sale
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The retailer has also confirmed its new clothing and homewares boss, Richard Price, will arrive in July. High street retailers have been scrabbling to cancel stock orders for next season as the impact of the crisis points to weak demand for the rest of the year. In recent days the UK has seen a sudden sharp increase in Covid infection s, leading to fears that a second wave of cases is beginning.
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Marks said the move to sell items from Hobbs, Joules, Phase Eight and White Stuff from March was part of its ongoing "transformation programme".
The High Street stalwart is in the middle of a wide-reaching transformation programme, which last year saw 7, job cuts across stores and ands. The firm had already been experimenting with selling other brands on its website, such as womenswear sale Nobody's Child, which was the first to launch last autumn. New tie-ups have been coming thick and fast these last few months giving customers more choice. Now it's branching out with other brands to complement its own offer - and it's a sensible move.
So too is pruning its own, sometimes confusing, fashion ranges.
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This pandemic has wreaked havoc for retail but it's also creating opportunities. Take Next, a business which already had lots of third-party brands on its website pre-pandemic.
On Wednesday, it took a stake in Reiss, which will allow the chain to use Next's online infrastructure. Boohoo and Asos have also been snapping up High Street brands, like Karen Millen and Topshop, as they try to attract a broader range of shoppers.
The retailer recently announced that it will launch 46 new websites in overseas markets from Iceland to Uzbekistan in order to grow its online business.
In January it also confirmed that it had bought the Jaeger fashion brand, but not its scores of shops and concessions. Image source, Getty Images.
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