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- 2023 -19 JanuaryDIY
Topps Tiles chairman survives shareholder revolt
Topps Tiles has revealed that Darren Shapland will remain as its chairman after surviving a vote tabled by its biggest shareholder MS Galleon to oust him. At the companyโs AGM, 62.5% of the companyโs shareholders voted against the requisition resolution put forward by the Austrian private equity firm. The shareholder,…
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17 JanuaryOnline & Digital
THG lowers profit guidance as it launches new strategy
THG has revealed it now expects its EBITDA to come in between ยฃ70m-ยฃ80m, down from ยฃ100m-130m, due to lower full-year sales outturn. During the full-year period ended 31 December 2022, the online retail group said the guidance comes despite record sales of ยฃ2.25bn, boosted by +9.4% increase in THG Beauty…
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17 JanuaryHigh Street
Quiz sales up 11% over Christmas
Quiz group sales increased by 11% to ยฃ9.8m for the Christmas trading period ending 31 December 2022.ย Sales growth over Christmas was driven by a 19% increase in revenues generated across the retailerโs UK stores to ยฃ6.2m, which reflects โstrongโ like-for-like growth on the sales generated in the prior year…
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16 JanuaryHigh Street
Matalan rescue deal to wipe founderโs control of group
Matalan founder John Hargreaves is reportedly set to lose control of the group after its lenders finalised a rescue deal that eliminates his equity, despite the retail tycoon submitting his own takeover bid for the group. According to the Times, Matalan is set to announce that lenders Invesco, Man GLG,…
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16 JanuaryPeople Moves
Iceland appoints MD as executive chairman
Iceland Foods has announced the appointment of its managing director, Richard Walker as executive chairman, as his father, Malcolm Walker is to step down from the role.ย However, it is reported that Malcolm Walker will remain on the board as founder, having launched the family-owned frozen food retailer back in…
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13 JanuaryPeople Moves
Card Factory appoints new CFO
Card Factory has announced the appointment of Matthias Seeger as its new chief financial officer. He is expected to take up his new role in May 2023. Seeger has been CFO of Ambassador Cruise Line Limited since February 2022, having previously been CFO of Costcutter Supermarkets Group from September 2015…
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11 JanuaryHigh Street
ScS acquires Snugsofa.com out of administration
ScS has announced it has acquired the brand, domain names, website, intellectual property and stock of Snugsofa.com from the administrators of Snug Shack Limited for consideration of ยฃ875,000. Snug is a digital-first sofa and sofa-bed business specialising in modular and reconfigurable sofas. Snug was founded by Robert and Peter Bridgman…
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10 JanuaryAnalysis
Could budget supermarkets dominate โthe big fourโ?
The big four – Tesco, Sainsburyโs, Asda and Morrisons – were once the undisputed favourites for supermarket shopping. However, when the drastic cost-of-living crisis emerged in 2021, it made many households rethink their priorities when it came to buying their essentials and non-essentials.ย ย ย ย ย At the tail end of 2022, Aldi…
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9 JanuaryClothing & Shoes
Stitch Fix cuts workforce as CEO exits
Stitch Fix, an online personal styling service, has announced it will reduce the size of its workforce by around 20%, alongside news that its current CEO, Elizabeth Spaulding, is stepping down from the group. As well as reducing its workforce, the group also announced plans to close its Salt Lake…
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6 JanuaryHealth & Beauty
Holland and Barrett appoints new executive chair
Holland and Barrett has announced the appointment of Alex Gourlay as its new executive chair. He has taken over from Michael Casey who has held the position as executive chair since September 2021. Casey has also been a non-executive board member since 2017 and will also remain in that role.…
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