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- 2023 -22 AugustClothing & Shoes
Kontoor brands appoints new exec VP and CFO
Kontoor Brands, a global lifestyle apparel company and owner of Wrangler and Lee, has appointed Joe Alkire as its new executive vice president and chief financial officer. The news comes after Rustin Welton, executive vice president and chief financial officer, decided to retire from Kontoor after four years of service…
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22 AugustHigh Street
Cake Box like-for-like sales rise 6.8%
Cake Box’s franchisee stores reported a like-for-like sales increase of 6.8% for the first 17 weeks of FY24 ended 31 March, showing an increase from 5.4% like-for-like sales growth for the first 11 weeks. The specialist retailer of fresh cream cakes attributed its performance to tight cost control and proactive…
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21 AugustSupermarkets
Tesco becomes first retailer to cover period pant VAT
Tesco has reportedly become the first retailer to cover the cost of VAT on its period pant offering as part of a campaign from retailers to convince the government to class the product under the same category as menstrual products, according to City AM. According to reports, from today (21…
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21 AugustNews
Marquee Brands launches licensing agreement with BSI Apparel
Global contemporary menswear brand Ben Sherman has announced a new licensing agreement with BSI Apparel Limited, a subsidiary of Crew Clothing owner Broadgate1960. The new agreement grants BSI Apparel a core licence and operating partnership to produce and distribute men’s apparel and tailored clothing to Ben Sherman’s numerous global distributors. …
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16 AugustFeatures
Is sustainability the new black?
Recently, a German supermarket raised the prices of a selection of its products to reflect their real cost on people’s health and the environment. The awareness-raising campaign week was organised in collaboration with academics from the University of Greifswald and the Nuremberg Institute of Technology. It was inspired by consumer…
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15 AugustHealth & Beauty
L’Occitane owner considers taking group private
The owner of L’Occitane is considering taking the business private in a move that has seen shares in the cosmetics groups rise sharply. Reinold Geiger, who already controls over 70% of the group, is said to be “contemplating a possible transaction” that could see him take the group private, according…
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7 AugustHigh Street
Clintons could close fifth of stores to remain trading
Clintons could reportedly be set to close around a fifth of its stores in order to keep the company solvent. According to reports, first revealed by The Times, the retailer has appointed restructuring experts FRP Advisory to help oversee a possible debt-for-equity swap. The outlet also revealed that as part…
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7 AugustHigh Street
Card Factory ups profit outlook after positive H1
Greetings card retailer Card Factory has announced that it expects its profits for the year to be “materially ahead of its previous expectations” after a positive start to the year. Trading in the six months ended 31 July 2023 was materially ahead of the board’s expectations. The company posted profit…
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4 AugustOnline & Digital
Apple revenues drop 1% to $81.8bn in Q3
Apple has announced that its revenues dropped 1% year-on-year to $81.8bn (£64.4bn) for the third quarter ended 1 July 2023. Furthermore, the company’s gross margin was $36.4bn (£28.6bn) up from $35.9bn (£28.3bn) in the same period last year. The Americas represented Apple’s largest market with net sales of $35.4bn (£27.9bn)…
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1 AugustHigh Street
Greggs profits jump 14.2% to £63.7m in H1
Bakery retailer Greggs has revealed that its underlying profit before tax excluding exceptional items increased 14.2% to £63.7m in the 26 weeks ended 1 July. This comes as the group’s total first-half sales increased 21.5%, with company-managed shops experiencing a like-for-like increase of 16%. Meanwhile, an underlying earnings growth of…
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