Martha, Department Store Of Apparel Retailing, Suffering From Executive Turnover

< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > Martha department store < /a > officially announced that two senior executives will leave this summer. The top two executives are IT director Darrell Stein and real estate director Clem Constantine. < /p >
< p > Martha department stores said that Darrell Stein and Clem Constantine have joined Martha stores since 2006 and have experienced quite a lot in the company. "Their recent functions have undergone major changes," its spokesman said. Darrell has developed a new electronic business platform for the company, and has now been put into operation. At the same time, we change the way we focus on real estate, which will take up less retail space. < /p >
< p > someone left, someone entered, Martha department store recently < a href= "//www.sjfzxm.com/news/index_c.asp" > personnel changes < /a > very frequently. It is understood that Martha Andrew, head of men's clothing, Richard Price and head of inventory management, as well as technical experts Susan Aubrey-Cound and Alison Jones have left the department store. On the other hand, Martha has dug its feet from its rivals. < /p >
< p > it is worth noting that data from < a href= "//www.sjfzxm.com/news/index_c.asp" > Kantar Worldpanel < /a > show that in the past 3 months, Martha has lost some of its market share in the British fashion market. In the 24 week before February 16, 2014, the market share of Martha's department store decreased by 0.2%, while in the 12 weeks before February 16, 2014, the decline of Martha's department store was 0.4%. Meanwhile, Martha's women's clothing, which plays a key role in the department store, also suffered from a shrinking share of the market. In the 24 weeks before February 16, 2014, women's wear fell by 0.2%, while in the previous 12 weeks, it dropped by 0.5%. Martha's Department declined to comment on the decline in market share. < /p >
< p > in fact, the performance of Martha's department store has suffered an unprecedented impact. In the earnings report up to March 31, 2013, the pre tax profit of Martha's department store was 665 million 200 thousand pounds, while Britain's second largest clothing retailer Next earned 695 million 200 thousand pounds in the 2013 fiscal year ended January 31, 2014, the first time it exceeded the pre tax profit of Martha last year. < /p >
Martha P will announce its annual report for the 2013 fiscal year ending March this year, but the industry believes that the profits of Martha's department store will lose its rival Next. Nomura (Nomura) recently lowered its 2013-2014 year pre tax profit forecast for Martha department store from 632 million to 614 million pounds, slightly lower than analysts estimate 628 million pounds. For 2014-2015 years of pre tax expectations, Nomura has also been lowered accordingly, from 724 million to 709 million pounds. < /p >
The performance of "P >" has brought great pressure to CEO Marc Bolland of Martha department store. Since Marc Bolland took office in Martha CEO in May 2010, sales of its clothing have been down for 10 consecutive quarters. Although Marc Bolland has been making efforts in personnel organization and department structure, the continuous decline has led the industry to think that Marc Bolland will resign accordingly. < /p >