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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Nov- 2019 -15 NovemberHigh Street
Carpetright acquired by Meditor
Carpetright has been acquired by its largest investor Meditor Holdings Limited (MHL), in deal which values the retailer at £15.2m. The retailer announced that MHL will acquire the entire issued and to be issued share capital of Carpetright, which is not already owned by the investment management company, and shareholders…
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15 NovemberHigh Street
Body Shop profits rise amid ‘remarkable’ UK sales performance
The Body Shop has reported an increase in sales and profits in its third-quarter, due to a “remarkable” performance in its UK market. The ethical beauty retailer reported an 18.7% EBITDA surge to £11.6m, resulting in a 1.1% increase in revenue reaching £173.9m. Natura and Co, the parent company of…
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12 NovemberHigh Street
B&M profits plunge by 70% due to ‘disappointing’ German partner
Discount retailer, B&M has reported a 70% drop in profits from £59.5m to £32.3m during the first half of the year attributed to increased costs at its German Jawoll fascia. For the 26-week period ending 29 September, the retailer’s group adjusted profit before-tax decreased by 2.8% to £96m in comparison…
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12 NovemberHigh Street
Greggs raises profit forecast as sales jump 12.4%
Bakery chain Greggs has upped its profit forecast for 2019 after it reported “very strong trading” as its total sales jumped 12.4% in the six weeks to 9 November. On a like-for-like basis sales in the company’s managed shops also increased by 8.3%, up from 4% when compared with the…
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8 NovemberSupply Chain
Royal Mail seeks injunction to block Christmas postal strike
Royal Mail has confirmed it is seeking a High Court injunction to stop the Communications Workers Union’s (CWU) planned postal strike in December, claiming it believes there are “potential irregularities” in the ballot. Last month, 97% of the workers union voted in favour of a nationwide strike claiming the postal…
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8 NovemberPeople Moves
Art Peck steps down as Gap CEO
Gap has announced its chief executive officer Art Peck is to step down from the business effective immediately. Peck, who joined the clothing company in 2004 and has served as Gap’s CEO since 2015, will be succeeded by board member Robert Fisher, who will serve as interim CEO after a…
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7 NovemberClothing & Shoes
Superdry reveals revenue drop amid ‘good progress’ in turnaround plan
Superdry has reported an 11% drop in revenues for the first half of the year but its returning chief executive hails the “good progress” it has made in its turnaround plan. For the 26-week period ending 26 October 2019, revenues reached £367.8m compared with £414.6m the previous year. Superdry said…
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6 NovemberHigh Street
2800 jobs affected as Mothercare ceases UK trading
Mothercare has announced it is to cease all trading within the UK, putting a potential 2800 jobs at risk. Operating stores will close over the coming weeks and months, with the potential loss of 2485 retail jobs and 384 head office positions. Further losses will be seen at warehouses and…
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5 NovemberPeople Moves
Hammerson appoints new non-executive director
Hammerson has announced the appointment of Méka Brunel as its new non-executive director. Brunel is currently chief executive of Gecina, a Paris-based retail estate investment trust that owns almost €20bn (£17.2bn) in office and residential assets. Her career in retail estate began in construction, where she delivered major residential and…
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5 NovemberPeople Moves
Topps Tiles CEO to exit
Matt Williams, group CEO of tile retailer Topps Tiles, has announced his decision to step down from the group’s board, effective 29 November 2019. Rob Parker, currently chief financial officer, will be appointed as group CEO effective from the same date. According to the retailer, to ensure a “smooth handover”…
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