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Fenwick appoints Sue Shields to new buying role

Fenwick has appointed Sue Shields to the newly-created role of buying manager of handbags and small leather goods.

Shields will be responsible for managing the categories across all nine stores, including York, London and Newcastle.

She was previously buyer of international and designer bridge. Before joining Fenwick she worked at Harrods for 12 years, holding roles such as handbags and luxury accessories buyer, jewellery buyer and soft accessories buyer.

The move follows the news earlier this month that Fenwick is to cull more than 400 jobs after pre-tax profits plummeted. The department chain said that profit fell by 93.4% to £2m for the year to 26 January 2018 from more than £30.4m on the back of £411m in gross sales, down from £426m in 2016/17. Net operating profit stood at £6.4m, down from £14.4m the previous year.

Fenwick said “challenging market conditions” on the high street were to blame for the drop in profits. The department chain announced in April that it was seeking to cut roles as part of a modernisation plan. 

 

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