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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Sep- 2022 -26 SeptemberAnalysis
Made.com for sale: what went wrong?
Made.com has officially put itself up for sale amid fears the business will be unable to raise fresh equity due to plummeting consumer confidence in the UK and supply chain disruptions. The online furniture retailer revealed plans to implement additional cost reductions, such a strategic headcount review, which is set…
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23 SeptemberOnline & Digital
Made.com to shed workforce amid plans for company sale
Made.com could reportedly cut over a third of its headcount alongside plans to explore a potential sale of the group, as part of a board decision to conduct a formal review of the business amid “continued uncertainty” and challenging trade. In order to reduce costs amid the current trading environment,…
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23 SeptemberHealth & Beauty
Revolution Beauty to undergo investigation into audit failures
Revolution Beauty has said it will undergo an audit investigation after its failure to complete its auditing quickly enough, as it warns over its full-year profits. The multi-channel mass beauty brand provider previously announced on 2 August that the company will now report its final results for the year ended…
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22 SeptemberClothing & Shoes
JD remains ‘cautious’ on trading as H1 profits slip
JD Sports has reported its pre-tax profits and exceptional items dropped 12% year-on-year in the 26 weeks ended 30 July 2022 (H1 FY22) from £439.5m to £383.5m, following macroeconomic uncertainty, inflationary pressures and the potential for further disruption to the supply chain. The group said it remains cautious about trading…
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21 SeptemberClothing & Shoes
JD Sports chair agrees £5.5m exit deal
JD Sports has reached an agreement with former chairman Peter Cowgill, which will see him receive £5.5m in an exit deal that will put him in a consultant position for the group following his departure last May. The arrangements include a binding set of covenants for a two-year period, replacing…
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21 SeptemberNews
Eve Sleep losses widen amid ‘appalling’ market conditions
Eve Sleep, a direct-to-consumer sleep wellness brand, has reported EBITDA losses of £4.2m for the first half of 2022, compared with a loss of £1.9m for the same period the year prior. The report saw revenues down 16% to £11.6m for the six months ended 30 June 2022, compared with…
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16 SeptemberPeople Moves
Naked Wines hires former CEO as advisor
Naked Wines has announced it has appointed former-CEO and material shareholder, Rowan Gormley, as an advisor to the board as the company finalises its revised operational and financial plans for the business. The company will announce these revised plans during the week commencing 17 October. The position of board adviser…
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16 SeptemberClothing & Shoes
MySale rejects Frasers Group takeover bid
MySale’s directors have rejected a takeover bid from Frasers Group, whose offer to acquire the remaining shares of the Australian marketplace for 2p per share was said to undervalue the business. Frasers had previously acquired 270,666,650 MySale Shares at 2p per share on 29 June 2022, becoming MySale’s largest shareholder…
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16 SeptemberNews
B&M confirms CEO departure date
B&M has confirmed that Alex Russo will succeed Simon Arora as group chief executive officer on 26 September, the commencement of the second half of its financial year. The takeover was first announced on 31 May 2022, after Arora had announced his intention to step down as CEO on 22…
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15 SeptemberOnline & Digital
THG losses widen despite revenues passing £1bn
THG has revealed its losses widened to £89.2m in the first half of the year to 30 June, despite seeing revenues surpass £1bn. The online retailer said the loss reflected “consumer price protection investment strategy”, however its medium-term guidance reiterated with cost efficiencies and commodity price improvements should support margin…
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