British clothier Bonmarché is making some changes in its management… Mark McClennon has been roped in as an Independent Non-Executive Director of the company. He is currently working as the Global Vice President for IT at Unilever.
“I am delighted with Mark`s appointment. His experience gained over more than twenty years within Unilever will bring to the Board skills and knowledge which will be especially valuable given the developing business change agenda within Bonmarché’s strategy,” said John Coleman, Chairman of the company.
Also Read – Sales fall at clothing retailer Bonmarché
The Bonmarché Board has also appointed Sergei Spiridonov as a Non-Independent Non-Executive Director. His knowledge and background, particularly in the consumer space, will be valuable going forward and the company look forward to continuing good relationship with its majority shareholder, averred Coleman.
Beides this, Bonmarché has also unveiled its yearly report. The company has registered a 5.3 per cent surged in its sales for the year ended March 26, 2016. Its like-for-like sales zoomed 0.7 per cent. Commenting on the results, Beth Butterwick, CEO of Bonmarche said, “Post-Christmas, trading conditions have continued to be quite challenging, with the exception of January where we saw a higher than average demand for Autumn/Winter sale stock. Although helpful in clearing these ranges, the continued colder weather has been unhelpful in kick-starting real demand for spring products.”
