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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Mar- 2020 -13 MarchAnalysis
BT’s boss catches it, markets rebounding, pain medication prices spike
Today I am going to rattle through a wider selection of stories than normal because the spread of the virus is hitting so many sectors hard, with key figures in the business community affected. The markets are recovering some of their losses this morning after having their worst selloff since…
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12 MarchDepartment Stores
Debenhams seeking new CEO as Vansteenkiste prepares to step down
Debenhams is seeking a new CEO to help steer its restructuring as its current boss Stefaan Vansteenkiste prepares to step down from his role after less than a year at the helm. According to Sky News, Vansteenkiste is to step down within the coming months and Debenhams has appointed headhunters…
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12 MarchHigh Street
Covid-19 could knock £130m from sales, says WH Smith
WH Smith expects that full-year results will see an ‘adverse impact’ from the effects of coronavirus, with up to £130m being wiped from its revenue. In its latest update, the stationary group predicted an impact between £100m and £130m on group revenue, while underlying profit before tax can expect a…
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11 MarchHigh Street
Debenhams CVA now free from legal challenges
Embattled department store chain Debenhams has announced that its CVA proposals will be upheld, as the time period for any appeal to be lodged has now expired. The company confirmed that all relevant procedural matters dealt with at the CVA challenge hearing in February have been concluded “in its favour”.…
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11 MarchComment
Harassment in retail: What steps should you take?
Last year, we at Foot Anstey conducted a survey which identified that one in 10 retail staff, equivalent to 319,000 UK workers, have experienced inappropriate or unwanted touching of a sexual nature whilst at work. We have now reached a point in time where Harvey Weinstein (whose alleged criminal misconduct…
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9 MarchSupermarkets
Tesco to sell Thai and Malaysian divisions in £8bn deal
UK supermarket giant Tesco has agreed a deal to sell its Asian operations in Thailand and Malaysia in a £8bn deal. The portfolio of over 2,000 stores under the Tesco and Lotus brands has been acquired by Thai conglomerate CP Group. The board of Tesco said it intends to return…
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6 MarchPeople Moves
Hugo Boss appoints Heiko Schäfer as COO
Fashion retailer Hugo Boss has announced the appointment of Heiko Schäfer as its chief operating officer (COO). As COO he will be responsible for the brands global product development and sourcing, own manufacturing, operations and sustainability and quality management. Schäfer launched his career in 2002 at Boston Consulting Group, where…
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4 MarchHigh Street
Travis Perkins revenues rise in full-year results
Travis Perkins has reported a 3.2% increase in revenues for the year ended 31 December 2019. The buildings and home improvements retailer also saw adjusted operating profit growth of 7.8%, driven by an improved performance at Wickes. Wickes, which is owned by Travis Perkins, demonstrated a “strong recovery” in performance…
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4 MarchShopping Centres
Intu abandons £1bn equity raise plans
Intu revealed it has abandoned plans to raise between £1bn and £1.5bn in emergency cash, citing “current uncertainty” in the equity markets. The retail property group had previously announced it was reviewing a “range” of options to fix its balance sheet and establish a “more appropriate” long-term capital structure. In…
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3 MarchPeople Moves
B&M appoints Alex Russo as new CFO
Discount retailer B&M has announced the appointment of Alex Russo as its new chief financial officer and executive director. Russo is currently the CFO of Wilko, having previously spent five years as an executive director and CFO at Asda. He has also held the position as director at Boots, Tesco…
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