Jigsaw news and archive

Jigsaw interim boss to step down

Jigsaw’s interim chief executive, Chris Stephenson, is stepping down on January 18 after just six months in the role, and will move into a non-executive director role. The premium fashion retailer stated that Toby Foreman, who has been with the company as group HR director for four years, will assume the role of interim chief executive with the...

News

Paul Smith and House of Fraser back new retail leadership degree

Charity Retail Trust has worked with 12 UK retailers including Paul Smith, Jigsaw, House of Fraser and JD Sports to develop a new Retail Leader Apprenticeship programme which will begin next year. The first in a series of supported degrees for retail, the level 6 programme will welcome at least 400 retail employees, and is the first initiative...

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Jigsaw takes Black Friday U-turn, decides to participate in discount season

Jigsaw has taken a U-turn on its 2015 pledge to not take part in Black Friday, as the UK retailer joins the winter shopping bonanza for the first time this year. Despite releasing a ‘pricing manifesto’ three years ago which stated that it would not take part in the discount season, a statement on the retailer’s website announced that the “...

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Jigsaw names Chris Stephenson its new CEO

Fashion brand Jigsaw has confirmed to FashionUnited that Chris Stephenson joined the company as its CEO on July 16, 2018. The company’s spokesperson added that Stephenson had been acting as a non-executive director of Jigsaw since June 2018. According to Stephenson’s LinkedIn profile, before joining Jigsaw, he was associated with Penland Brands...

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Mothercare mulls over closing down loss-making stores

London - Struggling maternity and baby specialist Mothercare is said to be considering closing a number of its loss-making stores and seeking rent cuts in others as it continues to face difficult trading conditions. The high street retailer, which named industry veteran David Wood as its new CEO last week, is reportedly investigating a potential...

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Jigsaw said to have secured 20 million pound injection

London - High street retailer Jigsaw is reportedly set to sell a significant stake in its business to the founder of Carphone Warehouse, as it secures a 20 million pound cash injection as part of its turnaround plans. The deal would see majority shareholder John Robinson inject 5 million pounds into Jigsaw, as David Ross, founder of Carphone...

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Jigsaw CEO Peter Ruis steps down

Jigsaw has confirmed that Peter Ruis, the company’s CEO, will be leaving the business this month. The company’s chairman Charles Atterton, Jigsaw added, will return as Executive Chairman. He was earlier associated as joint-CEO with Jigsaw’s Founder, John Robinson, from 1997 to 2013. Commenting on his decision, Ruis said in a statement: “It is...

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Jigsaw reports 7 percent increase in Christmas sales

Jigsaw has announced that the company witnessed a strong Christmas in a challenging market, against a high 2016 comparable. Sales for the five weeks to December 31, 2017 were 7 percent up on last year despite the brand continuing to ignore the promotional Black Friday period. Web sales during the period grew by 34 percent. “Jigsaw continues to...

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UPDATE: Jigsaw seeks fast-track deal with potential investors

London - Womenswear retailer Jigsaw is reportedly hard at work putting together a fast-track deal for a potential takeover. The retailer is said to have approached a number of investors, including the Foschini Group (TFG), owner of Whistles, Hobbs and Phase Eight. Advisers to Jigsaw are understood to have been discussion with the South African...

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Jigsaw’s urge to find a solution to its financial struggles

The British luxury fashion retailer Jigsaw is on the look-out for a new buyer on Friday. And one rather urgent, according to company’s sources. Weakening retail sales and rising inflation would have pushed Jigsaw’s controlling shareholder John Robinson and founder of the brand to hire KPMG to help it explore the options at hand. Among other...

Business

Jigsaw posts 8 percent increase in annual sales

Clothing retailer Jigsaw has reported an 8 percent increase in its annual revenues to 94.7 million pounds (123 million dollars) for the year ended October 1, 2016, reports City A. M. The report further said, the sales growth was driven by 18 percent jump in UK online sales and 11 percent rise in profit to 6.2 million pounds (8 million dollars)...

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