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.
-
Jul- 2022 -11 JulyClothing & Shoes
Joules appoints KPMG to help boost profitability
Outdoor fashion and lifestyle retailer Joules has appointed โBig Fourโ accounting firm KPMG to improve its cash position in the face of turbulent economic conditions due to the cost of living crisis. According to reports from The Sunday Times, Joules has called in advisors from KPMGโs debt advisory practice to…
Read More » -
8 JulySupermarkets
Sainsburyโs shareholders reject vote to introduce real living wage
Sainsburyโs has announced that its shareholders have rejected a motion to introduce the real living wage by July. The vote received 16.7%, far below the required 75% needed in order to pass. In a statement the grocer said: โThe board firmly believes the company must preserve the right to make…
Read More » -
8 JulyPeople Moves
JD Sports appoints former Morrisons boss as chair
JD Sports has announced the appointment of Andy Higginson as the brandโs new chair, effective on 11 July 2022. This appointment is said to follow an extensive search process undertaken by the board with the support of an external executive search firm. Higginson is reportedly a highly experienced and proven…
Read More » -
7 JulyClothing & Shoes
Ankorstore partners with Mary Portas
European curated marketplace, Ankorstore, has announced its brand partnership with retail expert and broadcaster, Mary Portas, in an effort to โadvocateโ for independent retailers and brands across Britain.ย This partnership is said to arm businesses with the tools and technology needed to thrive, while the brandโs platform has reportedly evolved…
Read More » -
6 JulyEconomy
Chapel Down H1 revenues meet expectations amid expansion plans
Chapel Down, an English wine maker based near Tenterden, Kent, has reported its H1 revenues met management expectations as it is on course to double in size over the next five years.ย Chapel Down said the outlook for the rest of 2022 remains โpositiveโ and expects margins to improve โresulting…
Read More » -
6 JulyPeople Moves
Sainsburyโs appoints new CFO
Sainsburyโs has announced its chief financial officer (CFO) Kevin O’Byrne is to step down from his role next year withย Blรกthnaid Bergin appointed as his succesor from March 2023.ย O’Byrne has confirmed his intention to retire from Sainsbury’s at the end of this financial year, in March 2023, after six…
Read More » -
6 JulySupermarkets
Almost a third of M&S shareholders vote against Steve Rowe’s bonus pay
M&S experienced a shareholder revolt at its AGM meeting yesterday (5 July) after almost a third voted against its remuneration report that included a ยฃ2.6m paypacket to outgoing CEO Steve Rowe. M&S said it has been โproactively talkingโ to its larger shareholders about this subject and added it was aware…
Read More » -
6 JulyHigh Street
Pro Cook profits surge 25% in FY22
Pro Cook has revealed its gross profits for the year end 3 April 2022 was ยฃ45m, up 25.5% from ยฃ35.9m over the same period in FY21. It also saw strong revenue growth of +29.5% to ยฃ69.2m (+78.0% vs FY20), and opened eight new stores during the year. Growth in its…
Read More » -
5 JulyPeople Moves
B&M welcomes Mike Schmidt as CFO
Budget retailer B&M has announced the appointment of Mike Schmidt as executive director and chief financial officer (CFO) of the Group.ย He will join the company no later than on the 3 January 2023. Schmidt is currently executive director and Group CFO of DFS Furniture plc, having been in that…
Read More » -
5 JulyPeople Moves
The Very Group appoints CEO
The Very Group has appointed Lionel Desclรฉe, the former president and CEO of Walmart Japan, as group CEO, effective 19 September 2022. He succeeds Henry Birch who will step down on 24 September 2022 after four and a half years in the role. Desclรฉe has global experience across digital and…
Read More »
