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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May- 2020 -26 MayLuxury Goods
Burberry senior independent director departs due to ‘other executive commitments’
Burberry has announced that Jeremy Darroch, independent non-executive director and senior independent director, has informed the company that he will not stand for re-election at the company’s AGM on 15 July due to “other executive commitments”. Darroch joined the board in February 2014 becoming senior independent director on 1 July…
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21 MayPeople Moves
Ted Baker appoints ex-Topshop design exec as new creative director
Ted Baker has announced the appointment of former Topshop global design director, Anthony Cuthbertson, as its new global creative director (GCD). In his new role, Cuthbertson will be responsible for brand, product, store and creative direction strategy. He succeeds Michael Bastian, who will continue as creative director on an interim…
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19 MayHigh Street
Topps Tiles reports losses of £4m in half-year results
Topps Tiles has reported pre-tax losses of £4m for the half-year period ended 28 March, down from the profits of £5.2m it made during the same period in 2019. First half like-for-like sales declined by 6.1%. Excluding week 26, when all stores were closed due to Covid-19, like-for-like sales decreased…
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19 MayPeople Moves
Ted Baker appoints David Wolffe as CFO
Global lifestyle brand, Ted Baker, has announced the appointment of David Wolffe as its new chief financial officer with immediate effect. Wolffe, who will join the board immediately, has over twenty years’ experience in finance roles for both public and private businesses, including the group CFO role at HMV Group…
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19 MayCoronavirus
French Connection seeks urgent funding
French Connection has revealed it is in “active discussions” with potential funding partners in order to seek emergency cash as the pandemic continues. The move comes as the fashion retailer warned of a “continued expected weak trading environment” in light of the ongoing crisis. It added that without securing additional…
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14 MaySupermarkets
Tesco Boss Dave Lewis handed £6.42m pay package
Tesco chief executive Dave Lewis has been given a £6.42m pay package, including £4.8m in bonuses. Lewis, who is set to leave the big four grocer in September, has seen his pay increase by more than a third due to an increase in both annual and share price bonuses to…
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14 MayCoronavirus
WH Smith sales plunge 85% amid lockdown
WH Smith has revealed that group total revenue plunged 85% in April in light of the ongoing pandemic. Following the nationwide and global lockdown, travel revenue plummeted 91% last month, while high street revenue tumbled 74%. It comes as the retailer closed most of its UK stores, excluding 203 Post…
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7 MayClothing & Shoes
Superdry sales slide as stores are shuttered
Superdry has announced that its fourth quarter performance was “substantially impacted” by the outbreak of Covid-19, with year-on-year revenue tumbling 36.9% to £118.5m. Following the closure of all owned stores and most franchise locations, group revenue for the full-year was down 19.1% to £705.5m against the year prior. Store revenue…
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6 MayPeople Moves
McColls CFO departs to join Holland and Barrett
McColls CFO Robbie Bell has announced his departure from the convenience store chain to take up an equivalent role at health and wellbeing retailer Holland and Barrett. Bell succeeds Greg Watts, who has held the position of CFO at the retailer on an interim basis since last year. Bell joined…
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5 MayAnalysis
How can retailers increase stock efficiency in a fast-moving fashion retail environment?
Retailers around the world are facing unprecedented challenges and many are struggling to contend with the need to balance consumer demand with profitability. At the same time, global events – from political upheaval to health crises – are forcing retailers to operate under more uncertain conditions than ever before. Consumers…
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