Barclays
This coverage examines Barclays’ activities and influence on the UK retail sector, with reporting on economic outlooks, lending practices, partnerships, and service initiatives that impact retailers. Tailored for retail executives, finance managers, and planners assessing banking relationships, credit availability, and broader financial trends affecting retail operations.
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Oct- 2021 -4 OctoberClothing & Shoes
Boohoo appoints sustainability expert to board
Boohoo has appointed sustainability expert Kirsty Britz to its board as the latest non-executive director, with effect from today (4 October). She will become a member of the audit and risk committees on appointment. The online retail giant said her appointment brings additional expertise to the board, particularly in areas…
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Jul- 2021 -22 JulyHigh Street
17,000 high street stores could open this year, says Barclays
Some 17,000 local high street stores could open within the next 12 months, as customers reportedly “adapt to a post-lockdown world by looking local”, according to Barclays Corporate Banking. Its research found that consumers have returned to physical stores with “confidence” since restrictions began to ease. Some 68% say they…
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May- 2021 -7 MayClothing & Shoes
Joules secures ESG-linked financing arrangement
Clothing retailer Joules has announced an extension to its current funding arrangements, converting the facility to an ESG-linked financing arrangement. Placed through Barclays Bank, the scheme includes a £25m revolving credit facility and £9m term loan to September 2024. Under the terms of the arrangement, Joules’ interest rate loan margin…
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Apr- 2021 -27 AprilHigh Street
Furniture Village appoints new board member
Furniture Village has announced the appointment of Mike Broughton, the group’s IT and business development director, to its board of directors. Broughton has held senior IT positions for global corporations across multiple sectors, with his career highlights including roles at William Hill, Asda Walmart, Dixons Carphone, FSA and Barclays Bank.…
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6 AprilPeople Moves
Waitrose names Emma Isaac as marketing head
Waitrose has announced the appointment of Emma Isaac as the group’s new head of brand marketing and marketing planning. Isaac’s most recent role was brand marketing director at NatWest Group, while she has also held a senior marketing position at Barclays. Commencing her career at British Airways, Isaac then formed…
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Mar- 2021 -18 MarchPeople Moves
Studio names new transformation director amid expansion plans
Online value retailer, Studio.co.uk has strengthened its senior team as it looks to increase its presence with the appointment of James Le Brocq to the role of transformation and operations director. Studio said Le Brocq brings with him a “wealth of business transformation experience” across financial services and retail sectors,…
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Feb- 2021 -18 FebruaryHealth & Beauty
US owners look to sell Lloyds Pharmacy
McKesson, Lloyds Pharmacy’s US-based owner, has reportedly hired bankers to explore the sale of its British operations. According to Sky News, the New York-listed group is working alongside Barclays to secure a sale of the high street drug retail and wholesale group among concerns of the industry’s financial viability. Operating…
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12 FebruarySupermarkets
Issa brothers junk bond sale raises £2.75bn
The Issa brothers, Asda’s billionaire buyers, have raised a record-breaking £2.75bn through a sterling junk bond, as investors continue to back the UK’s largest leveraged buyout in over a decade. Moshin and Zuber Issa, together with private equity firm TDR Capital, are set to acquire the supermarket chain for £6.8bn,…
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9 FebruaryNews
Consumer spending sees ‘sharpest’ fall at 16.3% in January
Consumer spending fell 16.3% in January, the “sharpest” decline since May 2020 which was attributed to the current lockdown restrictions and Covid-19 pandemic. The data was gathered from the Barclaycard report which combines hundreds of millions of customer transactions with consumer research to provide an in-depth view of UK spending.…
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Jan- 2021 -18 JanuaryClothing & Shoes
Dr. Martens to float on London Stock Exchange
Dr. Martens has announced its intention to float on the London Stock Exchange, with admission currently expected to occur in early February 2021. The shoe retailer has confirmed its plans to apply for admission of the company’s shares to the premium listing segment of the Official List of the FCA.…
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