All Ann Summers articles – Page 2
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Retail Navigator Analysis
Ann Summers (People)
In July 2023, it was announced that Vanessa Gold would take up the role of company chair, with Maria Hollins being promoted to chief executive.
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Retail Navigator Analysis
Ecommerce at Ann Summers
The Ann Summers website has been replatformed recently as part of the accelerated turnaround programme following the exceptionally challenging 2018 financial year (to end June 2019).
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Retail Navigator Analysis
Supply chain at Ann Summers
Ann Summers relies on a number of third parties in its supply chain. It operates a distribution facility in Whyteleafe, Surrey, which also houses its head office.
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Retail Navigator Analysis
Customer and marketing at Ann Summers
While the typical Ann Summers customer is a female aged between 18 and 35, over recent years the retailer has decided to home in on its core customer: the 25-year-old. Ann Summers comments that 25-year-olds want value for money. This has led the retailer to adapt its approach, including its pricing strategy, marketing communications and supply chain.
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Retail Navigator Analysis
Stores at Ann Summers
In December 2020 Ann Summers launched a CVA for 25 of its stores in an effort to secure turnover-based leases. The stores affected were those where the retailer had not been able to agree on revised rental terms with landlords.
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Retail Navigator Analysis
Technology strategy at Ann Summers
Ann Summers has worked hard on replacing its core systems over the past few years and has an annual IT spend of around £3m. Its large-scale core IT infrastructure upgrade and transformation was completed in September 2018.
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Retail Navigator Analysis
Ann Summers (Outlook)
Ann Summers is “actively looking” at key new sites for the future as it puts a tumultuous period behind it. It successfully exited a CVA, which was implemented in 2020, and saw the retailer move the remainder of its stores onto turnover-based rents. It opened new stores in both Leeds and Bury in July 2023.
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News
Ann Summers CVA approved by creditors
Ann Summers has announced that its company voluntary arrangement (CVA) has been approved by creditors following a vote today.
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News
Ann Summers launches CVA in bid to secure turnover-based rents
Ann Summers has launched a CVA for 25 of its 91-strong store estate in a push to secure turnover-based leases.
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Analysis
Nightmare before Christmas: bosses of John Lewis, M&S and The Entertainer on lockdown 2.0
It’s the news the industry dreaded. This Thursday so-called ‘non-essential’ retail will be shut down until December 2 in a bid to stem the spread of coronavirus. Many fear chaos, but could click and collect come to the rescue?
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Analysis
Analysis: After the most unpredictable year ever, is the five-year strategy dead?
It’s difficult to know what’s going to happen next week, never mind next year. In this environment, can retail leaders work to five-year plans? Grace Bowden investigates.
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News
Ann Summers CVA ‘likely’ as landlord talks stall
Ann Summers has kicked off talks with the British Property Federation (BPF) that will likely lead to the launch of a CVA after failing to negotiate better rental terms with some landlords.
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Opinion
Jacqueline Gold: ‘We’ve put more family money into Ann Summers, but now I’m facing a CVA’
The Covid-19 pandemic has been an extraordinary time for all retailers. With all our stores closed at Ann Summers, the focus shifted to online, and thanks to the heroics of our colleagues, we managed to meet a significant step up in demand while people were in lockdown. I can’t imagine why…
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News
Ann Summers ponders CVA after ‘toughest year’
Lingerie and sex toys specialist Ann Summers is poised to launch a CVA after suffering increased losses in its latest reported year.
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Opinion
Jacqueline Gold: We won’t let landlords jeopardise our success
You don’t have to be the chief executive of a retailer to know there has been a fundamental shift in the retail property market.
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News
Ann Summers wins rent deals but CVA on cards for remainder
Ann Summers has won better property terms from landlords on most of its 100 branches but the refusal of property owners to be more flexible means a CVA may be considered for those where terms have not been struck.
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Opinion
Jacqueline Gold: Why Ann Summers is taking on Google
Receiving the Retail Activist award at the Retail Week Awards last month was one of the proudest moments of my career.
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Analysis
Retail Week Awards 2019: Jacqueline Gold wins first Retail Activist Award
For her tireless pursuit of equality and diversity in business, Jacqueline Gold is our inaugural Retail Activist Award winner
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Video
Watch: Why Jacqueline Gold champions women in the boardroom
Ann Summers chief executive Jacqueline Gold has been a tireless advocate of the importance of diversity in business and in particular has championed equal opportunities for women.