There have been more senior departures from New Look today as two more directors exit following redundancies earlier this year.

Menswear director Christopher Englinde and women’s footwear, accessories and beauty director Amanda Wain have both left the fast-fashion chain.

New Look is under pressure on a suffering high street – its last financial year is a blot on the otherwise spotless copybook of boss Anders Kristiansen.

It will be intriguing to see how he tries to turn its fortunes around.

It’s been a busy few days in fashion retail, with Philip Day casting an acquisitive eye over Coast, Oasis and Warehouse and Mamas & Papas chairman Derek Lovelock and boss Jonathon Fitzgerald leaving the business.

Also today, Nisa has drafted in bankers to explore sale options and Ocado has unveiled financing plans amid rising profits.

Plus, our head of content Luke Tugby defends Dave Lewis’ and David Potts’ pay packets – they’ve attracted the ire of investors but he believes they’re “worth every penny”.

Quote of the day

“There are a few brands that they could get rid of. They need to work out why some of these brands exist and try to make them destinations again.”

Global Data analyst Kate Ormrod on the demise of the Arcadia empire

Today in numbers


The surge in Ocado’s pre-tax profits for the 22 weeks to April 30


Farfetch’s targeted valuation for a New York listing

Tomorrow’s agenda

It’s fashion favourite Ted Baker’s turn to update the market tomorrow. And watch out for the unveiling of Retail Week’s 2017 Power List. 

Becky Waller-Davies, reporter