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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Jan- 2024 -23 JanuaryNews
Today’s news in brief-23/1/24
Boohoo has changed its leadership as Shaun McCabe has stepped down as CFO, and Stephen Morana has been appointed as the new CFO. Morana, known for his ecommerce expertise, will assume the role on 19 February 2024. Boohoo highlighted Morana’s experience, including leading businesses through IPOs and creating significant shareholder…
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23 JanuaryPeople Moves
Boohoo appoints new CFO as McCabe steps down
Boohoo has announced the appointment of Stephen Morana as its new CFO, following the resignation of current CFO Shaun McCabe, who has stepped down from his role “by mutual agreement and with immediate effect”. Morana, who “is widely recognised for his ecommerce expertise”, will assume the role on 19 February…
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22 JanuaryNews
Today’s news in brief- 22/1/24
John Lewis, as part of its turnaround strategy, has reportedly alerted employees to the possibility of smaller pay rises. The retailer is considering changes in salary policies, aiming for more flexibility and sustainability. Dame Sharon White’s management team would gain control over performance-linked pay rises, potentially leading to fewer staff…
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22 JanuaryClothing & Shoes
Revolve reappoints Jenny Baxter Moser to its board
Jennifer Baxter Moser, who previously served on Revolve’s board of directors during a period of “significant growth and value creation” from December 2012 through July 2020, has been reappointed to the board effective immediately. Baxter Moser will also serve as a member of the audit committee and compensation committee. In…
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19 JanuaryClothing & Shoes
Birkenstock revenues rise to €1.49bn
Birkenstock has reported a 20% increase in revenues to €1.49bn (£1.28bn) for the year to 30 September 2023, boosted by European sales which increased 18%. Its EBITDA also rose 11% to €483m (£414m) and also recorded an adjusted EBITDA margin of over 30%. However it expects a modest headwind to…
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18 JanuaryNews
Today’s news in brief-18/1/24
Sainsbury’s general merchandise commercial director, Paula Nickolds, is departing to become CEO of The White Company. During her three-year tenure, she strengthened brands like Argos, Habitat, and Tu. Sainsbury’s also announced a focused restructuring of its Operating Board. Graham Biggart will assume commercial responsibility for General Merchandise and Clothing, with…
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18 JanuaryPeople Moves
Paula Nickolds to leave Sainsbury’s to become CEO of The White Company
Sainsbury’s has revealed its General Merchandise Commercial director, Paula Nickolds, is set to leave the business to become CEO of The White Company. Over the past three years, Sainsbury’s said Nickolds has led much progress across its ‘Brands that Deliver’ strategy, making Argos, Habitat and Tu “considerably stronger” and more…
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16 JanuaryNews
Today’s news in brief-16/1/24
Card Factory reported a 10% increase in total sales for the 11 months ending December 2023, reaching £476.9m, driven by robust Christmas trading. The like-for-like (LFL) store revenue surged 7.8% in November and December, attributed to increased transactions and higher average basket values. The Store Evolution Programme positively impacted space…
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16 JanuaryHigh Street
Card Factory hails strong Christmas trading
Card Factory has revealed total sales for the 11 months ended 31 December 2023 increased 10% to £476.9m after it was boosted by strong Christmas trading. The card retailer said that LFL store revenue jumped 7.8% in November and December, driven by the increased number of transactions and increased average…
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15 JanuaryNews
Today’s news in brief-15/1/24
Shein, the fast-fashion brand, is reportedly facing delays in its plan to go public on the US stock exchange due to the need for approval from a Chinese regulator. The approval process is expected to be lengthy, and Shein is also expected to face stricter scrutiny from US regulators. The…
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