Daniel Heaf's extensive background includes leadership at Nike, where he significantly grew revenue in his direct-to-consumer role, setting a strong foundation for his new position.
Over the last couple of years, we've actually been removing labor from the stores, I think with the hope that equipment could offset the removal of the labor. And I think what we're finding is that was just - that wasn't an accurate assumption with what played out.
AB Foods has reported disappointing results with a 2% decline in revenue, attributed to significant losses in its Sugar business and flat growth in Primark.
"Weaker pricing and falling demand has impacted the company and Travis Perkins is facing a 'challenging' year as there is less demand in the sector."
Wetherspoons has delivered a solid like-for-like sales performance in the period and trading in the last seven weeks has been robust.
"We had the best financial performance in our company's 60-year history with record revenue, EBITDA and EPS along with significant free cash flow," said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation.