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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Aug- 2020 -13 AugustHigh Street
Topps Tiles retail revenues rise in Q4 results
Topps Tiles has reported a 15.5% year-on-year increase in retail revenues for the Q4 period ended 8 August 2020. Average weekly sales also increased by 13.1% to ยฃ4.4m during the period. As a result, the retailerโs board now expects that the group will generate a โmodest levelโ of adjusted profit…
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12 AugustPeople Moves
Thomas Rabe appointed Adidas chairman
Adidas has appointed Thomas Rabe, CEO of Bertelsmann, as chairman of the companyโs supervisory board. He will succeed Igor Landau whose supervisory board mandate expired after 16 successful years at the end of the Annual General Meeting on yesterday (11 August). Rabe has been a member of the Adidas supervisory…
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11 AugustDepartment Stores
Debenhams cuts 2,500 jobs
Embattled department store chain Debenhams has cut 2,500 staff roles.ย The retailer said that the job cuts, believed to be across both its retail and warehouse staff, have been made in order to give the company โevery chance of a viable futureโ. A spokesperson said staff affected by redundancy have…
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11 AugustHigh Street
Frasers Group mulls Debenhams acquisitions
Frasers Group owner Mike Ashley is reportedly looking to acquire up to 30 Debenhams stores. According to the Mail, sources claim Ashley has discussed the acquisition proposals with senior members of staff, and a potential statement clarifying the speculation could be released this week. Ashley has previously attempted to take…
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10 AugustHigh Street
Baird Group launches CVA proposal
Baird Group has launched a Company Voluntary Arrangement (CVA) proposal in order to safeguard the โlong-term futureโ of the group. The group, whose portfolio includes Ben Sherman and Suit Direct, worked with KPMGโs Restructuring practice to review โall optionsโ available to address the challenges presented by the pandemic. As a…
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7 AugustClothing & Shoes
Jigsaw eyes CVA plans
Fashion retailer Jigsaw is reportedly set to launch a CVA proposal in the coming week as the ongoing impact of the coronavirus takes its toll on the UK high street. According to Drapers, the womenswear retailer is set to take action a month after it brought in auditing firm KPMG…
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5 AugustPeople Moves
Adidas extends CEO contract by five years
Adidas has announced it has extended the contract of its CEO Kasper Rorsted by a further five years. Rorsted has been a member of the Adidas executive board since August 2016 and became the brands chief executive two months later. His contract was initially due to expire in July 2021,…
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Jul- 2020 -31 JulyCoronavirus
ScS reports โstrongโ growth in lockdown-sales
Furniture retailer ScS has said trading has been โvery strongโ both in-store and online, since the reopening of its stores following the coronavirus lockdown, reporting a 92.2% increase in orders since 24 May. However, ScS reported a 92.5% drop in sales during the lockdown period as stores were temporarily closed.…
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28 JulyPeople Moves
Walgreens Boots Alliance CEO to exit
Walgreens Boots Alliance CEO Stefano Pessina has revealed plans to step down from the position. The board of directors said they will begin a search for a new CEO, and at the time of this appointment, Pessina will assume the role of executive chairman. At the same time, James Skinner…
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28 JulyHigh Street
Card Factory performance โexceedsโ expectations
Card Factoryโs performance has โexceededโ initial expectations since the reopening of its estate, with like-for-like sales down only 21.6%, against its anticipated reduction of 50% in the first month of reopening.ย Despite a decline in in-store transactions, the average spend has increased by 24.9% since lockdown. According to the group,…
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