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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Oct- 2020 -7 OctoberClothing & Shoes
Clarks may turn to CVA to secure LionRock rescue deal
Embattled shoe retailer Clarks may reportedly resort to launching a CVA that could lead to some store closure in order to secure a rescue deal from potential investors LionRock Capital. According to Sky News, any rescue deal from LionCapital is reportedly contingent on a CVA proposal being approved by its…
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7 OctoberSupermarkets
Tesco profits soar despite coronavirus hit
Tesco has welcomed a surge in profits, with pre-tax profit soaring by 28.7% to £551m in the first-half of its financial year. In the same period, group sales rose by 6.6% to £26.7bn, up from £25bn reported the year before. While clothing sales were down by 17.2%, food sales were…
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2 OctoberSupermarkets
Asda sold at £6.8bn to billionaire Issa brothers
Walmart has confirmed the Issa brothers and TDR Capital have taken equal shareholdings in an acquisition of Asda which values the supermarket at £6.8bn. The two groups have now acquired a majority stake in Walmart’s wholly-owned UK business on a debt-free and cash-free basis, and the transaction is expected to…
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Sep- 2020 -30 SeptemberShopping Centres
Hammerson appoints Rita-Rose Gagné as CEO
Hammerson has announced the appointment of Rita-Rose Gagné as its new chief executive officer and executive director. Gagné was most recently president of Growth Markets at the global real estate company Ivanhoé Cambridge where she had responsibility for $7.6bn (£5.9bn) of real estate assets across Asia Pacific and Latin America.…
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25 SeptemberClothing & Shoes
Independent review ‘identifies many failings’ in Boohoo supply chain
Boohoo has published the results and response to the independent review of its UK supply chain. Alison Levitt QC was appointed to conduct the review, with a purpose to “consider boohoo’s obligations and duties of care in relation to the workforce in its Leicester supply chain”. The retailer first announced…
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23 SeptemberClothing & Shoes
Joules welcomes ‘encouraging’ performance despite lower sales
Joules has announced that revenue performance was “ahead of expectations” at £39.6m in the 13 weeks ended 30 August 2020. Overall group revenue was down by 18% in the period, however, reflecting the impact of store closures, as well as the disruption seen across its wholesale business. While retail revenue…
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21 SeptemberSponsored Articles
Is COVID-19 making retailers adopt packaging automation faster?
If you’re an online retailer you are likely to have witnessed a peak in sales during the lockdown as more consumers switch to e-commerce. According to the latest Online Retail Index from IMRG and Capgemini, the overall retail sales in June surged an impressive 33.9% year-on-year. Sounds great, but the…
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21 SeptemberClothing & Shoes
Superdry swings to £42m loss in full-year results
Superdry announced it has swung to a pre-tax loss of £41.8m in the full-year ended 25 April, 2020, with underlying profit before tax down by 210% against the prior year. In addition, total revenue fell by 19.2% to £704.4m in the period, reflecting a “planned move away” from persistent discounting,…
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18 SeptemberLuxury Goods
LVMH set to block Tiffany’s court petition
LVMH has announced it plans to block a court petition launched by jewellery company Tiffany & Co, who is attempting to fast-track legal proceedings after LVMH exited a proposed $16bn (£12bn) merger. The Louis Vuitton owner had agreed to the merger last year, but pulled out last week due to…
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17 SeptemberCoronavirus
John Lewis scraps staff bonus amid £635m pre-tax loss
Department store chain John Lewis Partnership has slashed its staff bonus for the first time since 1953, aftering reporting a £635m pre-tax loss for the half-year period ended July 2020. As result, the Partnership board has confirmed that there will not be a bonus next year given its profit outlook.…
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