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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Feb- 2024 -5 FebruaryClothing & Shoes
Ted Baker owner mulls CVA amid UK operator split
Authentic Brands, the owner of Ted Baker, is reportedly considering a number of cost saving options after terminating its relationship with AARC, the firm that runs its UK operation. According to The Telegraph, Authentic Brands is close to appointing restructuring experts to implement measures which could include store closures, job…
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Jan- 2024 -31 JanuaryFeatures
It’s not all just fun and games
The UK toy industry reported that its annual sales dropped by nearly £200m in 2023. Sales dropped by 5% to £3.5bn, according to the annual toy industry report by the market research company Circana. The report stated that the decline reflected the broader impacts of challenging UK economic conditions. So,…
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31 JanuaryNews
H&M announces new CEO as Q4 sales dip
H&M has today (31 January) announced the appointment of its new CEO, Daniel Ervér, as the group struggled to maintain profitability in Q4 2023. Former CEO Helena Helmersson has decided to step down after four years, saying that the role has been personally demanding, although leaving the position has not…
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29 JanuarySupermarkets
EY resigns as Asda auditor
Big Four firm EY has reportedly resigned as auditor of supermarket giant Asda after one of its senior partners started a romantic relationship with billionaire chief executive Mohsin Issa, according to the Telegraph. The report stated that EY had informed the grocer about its decision in June, but Asda did…
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25 JanuaryNews
Today’s news in brief-25/1/24
Halfords reported that its Q3 total revenues were up 1.6%, with a 2.0% increase on a like-for-like basis. However, December sales were weaker than expected due to mild and wet weather impacting demand for winter products and footfall in stores. While October and November showed strong sales, the weaker December…
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25 JanuaryPeople Moves
N Brown Group appoints new chief people officer
N Brown Group, the fashion and homeware digital retailer, has appointed Natalie Rogers as the business’ new chief people officer. Rogers will lead the People function and team, with a focus on fully embedding the group’s agile operating model as it continues an enterprise wide agile transformation across all relevant…
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24 JanuaryNews
Today’s news in brief-24/1/24
The Chair of B&M, Peter Bamford, has confirmed his retirement this calendar year after serving in the role since March 2018. An executive search firm has been appointed to initiate the recruitment process for a new chair, led by senior independent director Tiffany Hall. While no retirement date has been…
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24 JanuaryClothing & Shoes
Quiz blames inflation amid Xmas sales dip
Fashion retailer Quiz has blamed “inflationary pressures” for negatively impacting its sales performance during Christmas trading as its group sales decreased 11% to £8.8m. In a trading update for the four weeks ending 31 December 2023, the group said the reduction reflects the negative impact of inflationary pressures on consumer…
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24 JanuarySupermarkets
The Co-op to increase member-owners to 8 million by 2030
The Co-operative is looking to substantially increase the number of members-owners from five million to eight million by 2030. This new target follows the release of data, which showed that momentum in Co-op membership continued to grow significantly ahead of expectations. The Co-op now has five million active member owners,…
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24 JanuaryPeople Moves
B&M chair to step down this year
The chair of B&M, Peter Bamford, has confirmed he is set to retire this calendar year, having been in the role since March 2018. The company said an executive search firm has now been appointed and a recruitment process for a new chair will begin “with immediate effect”, and be…
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