Board
This coverage highlights board-level developments shaping the UK retail industry, from executive appointments and leadership reshuffles to governance strategy and corporate direction. Retail Sector reports on boardroom changes across major retail brands, supermarkets, and e-commerce operators, analysing how leadership decisions influence company performance, culture, and market positioning. Coverage includes director appointments, succession planning, governance best practices, and strategic decision-making at the highest levels. For retail professionals, these insights illuminate how leadership dynamics drive operational change, investor confidence, and long-term growth across the sector.
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Apr- 2021 -21 AprilClothing & Shoes
Next CEO pay rises 28% despite falling profits
Lord Simon Wolfson, chief executive at Next, saw his pay increase 28% to nearly £3.4m in FY20, despite the company profit before tax falling 53% year-on-year for the period. While Wolfson did take a cut to his basic salary and did not receive an annual bonus, the group’s non-executive directors…
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20 AprilProperty
Hammerson to slash rents by 30%
Hammerson has announced it is planning to slash rents for retail tenants by around 30% as non-essential shops prepare to reopen. Mark Bourgeois, the group’s managing director, said: “We reckon across the board and our business we’ll probably reduce rents from their peak by about 30% so we are really…
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19 AprilOnline & Digital
Studio set to welcome ‘record’ performance in FY21
Studio has provided an update on its “record” trading performance in the year to 26 March 2021 with adjusted pre-tax profit expected to be in the region of £48m to £50m, up 75% to 83% on £27.3m in FY20. The group noted that trading in the traditionally quieter final quarter…
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15 AprilSupermarkets
Tesco adds independent non-executive directors to board
Tesco has announced that Thierry Garnier and Bertrand Bodson will join the board as independent non-executive directors with effect from 30 April and 1 June 2021, respectively. In addition, from those dates, Garnier will also join the remuneration committee whilst Bodson will join the corporate responsibility committee. Garnier has been…
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15 AprilOnline & Digital
The Hut Group revenues soar 42% in ‘milestone’ year
The Hut Group has announced that group revenues soared by 42% to £1.6bn in its full-year results, as the wider consumer shift to digital channels “continued apace”. In what was a “milestone” year for the group, EBITDA was up by 35% to £150.8m in the period and new customers rose…
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14 AprilPeople Moves
Naked Wines welcomes new non-executive director
Naked Wines has announced that Darryl Rawlings will join its board as an independent non-executive director. In an announcement, the pure play e-commerce wine retailer has said that Rawlings will also succeed Ian Harding as chairman at the next annual general meeting in August 2021. This comes after Harding previously announced…
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13 AprilAdvice
Eight ways retailers can use TikTok to create a marketing storm
TikTok has come into its own during the pandemic. The social platform has 100 million monthly active users across Europe, according to latest Kantar figures, and was the most downloaded app of 2020. That’s perhaps unsurprising given what we’ve all been living through – our need for light relief has…
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13 AprilClothing & Shoes
Quiz revenues plummet 66% amid store closures
Quiz has revealed that total revenues plummeted 66% to £39.7m in its FY21 trading update, as the fashion group was impacted by prolonged periods of store and concession closures. The group also cited the pandemic’s “detrimental” impact on demand for its trademark occasionwear, as social events and activities came to…
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9 AprilClothing & Shoes
Zalando nominates Niklas Östberg to supervisory board
Retailer Zalando has announced that Niklas Östberg has been nominated to its supervisory board. Östberg is the current CEO and co-founder of Delivery Hero, he will succeed Jørgen Madsen Lindemann, who informed the nomination committee that he will not stand for re-election after serving as a member since 2016. Cristina…
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7 AprilPeople Moves
Joules names Caroline York as CFO
Joules announced the appointment of Caroline York as its new chief financial officer (CFO), who joins the group “no later” than September 2021 from her current role as finance director at Moneysupermarket Group. Her appointment followed a “thorough” search process, according to the clothing brand. Prior to Moneysupermarket, York held…
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