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- 2024 -13 AugustNews
Today’s news in breif-13/8/24
UK wage growth has fallen to a two-year low, with wages excluding bonuses growing by 5.4% in the three months ending June 2024, the lowest since 2022, according to the Office for National Statistics. Factoring in inflation, wage growth drops to 3.2%. Public sector pay rose by 6%, while private…
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13 AugustPeople Moves
Frasers Group non-exec director steps down
Frasers Group has announced that non-executive director David Brayshaw has retired from its board, effective from yesterday (12 August). Brayshaw was with the company for almost eight years. He has over 30 years’ of experience as a senior investment and commercial banker. David Daly, chair, said: “With over 30 years’ of…
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5 AugustNews
Morrisons turns freezers up to -15°C for net zero
Morrisons has become the first UK retailer to turn its freezers up in 10 stores to -15°C in order to drive net zero. Recent comprehensive academic studies have shown that an increase of just three degrees in freezer temperatures across the supply chain will transform the global logistics landscape by…
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5 AugustFeatures
All aboard for retail’s automation revolution
The retail sector stands at the cusp of a transformation. In an era where economic uncertainty reigns, consumer demand remains unpredictable, yet the expectation for personalized service is unwavering and intensifying.Retailers are grappling with stubborn inflation, supply chain disruptions, and escalating costs, all of which are eroding already thin margins.…
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2 AugustOnline & Digital
Apple revenues rise 5% to ‘record’ $85.8bn in Q3
Apple has reported that revenues rose by 5% year-over-year to a “record” $85.8bn (£67.3bn) in the third quarter ended 29 June. Quarterly earnings per diluted share also hit $1.40 (£1.10), showing an 11% year-on-year rise. Tim Cook, CEO of Apple, said: “During the quarter, we were excited to announce incredible…
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Jul- 2024 -30 JulyNews
A.F. Blakemore appoints new CFO
A.F. Blakemore has announced that Ian Kellett will join the company as chief financial officer from 1 August 2024. Kellett brings a depth and breadth of experience from the retail and hospitality industry. More recently he spent six years as CFO at Parkdean Resorts, where he led the transformation of…
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25 JulyNews
Hammerson upbeat despite £517m loss
Hammerson has hailed a “strong performance” in the first half of the year ended 30 June despite experiencing a £517m loss. It said the loss was due primarily to a reclassification of the Value Retail stake “from a carrying value of £1.1bn” that the company sold on 22 July for…
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25 JulyLuxury Goods
Burberry begins hunt for chair’s successor
Burberry is reportedly seeking a new board member who could replace incumbent chair Gerry Murphy, according to reports from Sky News. The company is reportedly working with headhunters to identify two new non-executives who would be contenders to replace Murphy. A definitive timetable for his successor has not been laid…
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10 JulyDIY
Travis Perkins appoints Pete Redfern as new CEO
Travis Perkins has announced the appointment of Pete Redfern as its new chief executive officer, following an “extensive and rigorous” search process. Effective from 16 September, Redfern will succeed Nick Roberts who will step down from his role as CEO on the same day. Redfern will bring over two decades…
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9 JulyOnline & Digital
Naked Wines CFO to step down after securing new credit facility
Naked Wines has announced that CFO James Crawford will be stepping down in the autumn, following the finalisation of the group’s new credit facility. According to the wine retailer, this timing is consistent with the two-to-three-year incentive arrangement agreed with Crawford when he rejoined the board as CFO in 2022,…
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