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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Dec- 2020 -8 DecemberOnline & Digital
Studio exploring sale options as profits surge 52%
Studio Retail Group (SRG) has announced it is exploring sales options after seeing half-year profits increase 52% to £17.7m. For the 26-week period ending 25 September, Studio revealed that profits were boosted by a 17% increase in revenues to £268m up from £228.7m in 2019. It also revealed its active…
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8 DecemberClothing & Shoes
Joules sales hit by lockdown
Joules has announced that group revenue was down by 15.3% to £94.5m in the 26-week period ended 29 November 2020. According to the group, this reflected the impact of enforced store closures as well as the cancellation of country shows across the UK, alongside the fact that total store trading…
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7 DecemberAdvice
Re-energising retail in 2021: Three challenges and one solution
The story of retail in 2020 is one of extreme contrasts. On the one hand, the Amazons, Asos and supermarket operators of the world have all enjoyed tremendous success; on the other, almost every other segment of the industry has been decimated. More than 11,000 chain outlets shut in the…
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4 DecemberCoronavirus
Co-op members urge company to return rates relief
The Co-op Group is reportedly being urged by its members to reverse its decision not to repay the millions of pounds it has received in rates relief this year. According to Sky News, some of its National Members Council believe that due to the £150m it has generated from the…
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2 DecemberClothing & Shoes
Foot Locker CFO retires
Foot Locker has announced that Lauren B. Peters, executive VP and CFO of the group, will step down and retire in April 2021. The retailer said it has initiated a “comprehensive search” process with the assistance of Crist|Kolder, an executive search firm, to find a successor. It expects to consider…
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2 DecemberNews
Tesco to repay £585m rates relief
Tesco has announced that it will repay £585m in business rates relief to the UK government and devolved administrations. The supermarket said it was “immensely grateful” for the financial and policy support provided by the government, adding that the rates relief was a “game-changer” for all retailers. It noted that…
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Nov- 2020 -30 NovemberCoronavirus
Arcadia collapse could throw JD’s Debenhams takeover into doubt
A potential collapse at its largest concession holder Arcadia could reportedly throw the takeover of Debenhams by JD Sports into doubt. According to the Sunday Times, JD’s board were due to confirm whether they were going to go through with the acquisition by the end of last week (27 November)…
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27 NovemberClothing & Shoes
L Brands appoints new Victoria’s Secret leadership
L Brands has announced a series of new appointments to the leadership of its lingerie retailer, Victoria’s Secret. Martin Water was named the company’s new CEO, replacing John Mehas who had served in the role since February 2019. Waters is set to report to Stuart Burgdoerfer, interim CEO of Victoria’s…
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26 NovemberClothing & Shoes
Boohoo appoints Leveson to oversee business practices
Boohoo has announced the launch of a new ‘Agenda for Change’ programme, in a bid to “deliver long-lasting and meaningful change” to its supply chain and its business practices. The group has appointed Sir Brian Leveson PC to provide independent oversight over the programme. Leveson will report directly to the…
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26 NovemberClothing & Shoes
J.Crew appoints new CEO
J.Crew Group has announced that Libby Wadle has been named as CEO, overseeing J.Crew and J.Crew Factory in addition to her current leadership responsibilities at Madewell. It comes as the prior CEO, Jan Singer, has “decided to pursue other endeavours”. Wadle brings 25 years of retail and apparel industry experience…
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