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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Jun- 2022 -9 JuneNews
THG non-exec director to step down with immediate effect
THG PLC has announced that its independent non-executive director, Dominic Murphy, will step down from the board with immediate effect, after eight years with the company. The board and the nomination committee are now searching for “suitable” additional independent non-executive directors to replace Murphy and to further strengthen the board.…
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9 JuneElectrical
AO to close German business amid ‘deteriorating’ outlook
AO World plc (AO), the online electricals retailer, has decided to close its German business due to the “continuing deterioration” in the outlook for the German arm, as well as the board’s responsibilities to shareholders and other stakeholders. The business will continue to trade for a brief period to facilitate…
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8 JuneDIY
Safestyle welcomes 6.7% revenue growth
Safestyle UK plc, the UK-focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market, has welcomed “robust” trading in the first four months of the year, with revenue up by 6.7%. Despite a cyber attack in the first quarter of the year, by the end of…
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8 JuneNews
WH Smith names new chairwoman
WH Smith has announced the appointment of Annette Court as its new chairwoman following Henry Staunton’s decision to retire after nine years in the position. The high street chain said Court, who is currently chairwoman at insurer Admiral Group, will join the board as a non-executive director and chair-designate on…
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7 JuneClothing & Shoes
Ted Baker’s preferred bidder backs out of deal
The proposed sale of Ted Baker has been thrown into doubt after it confirmed the board’s preferred bidder has backed away from a deal. The company, which has not named its bidder, was “informed by the preferred counterparty last night that it did not intend to proceed with an offer…
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6 JuneNews
New Look CEO Nigel Oddy steps down
New Look has announced that its chief executive officer (CEO), Nigel Oddy, has decided to step down from his role and leave the business. Oddy joined New Look in April 2019 and, during his tenure, he has led New Look’s financial restructuring, led the business through the pandemic, and overseen…
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5 JuneFeatures
Less hands make light work: easing impact financial stress on UK retailers
Almost every person in the UK has been affected by the various economic issues currently plaguing post-pandemic pockets. While discretionary spending is reigned in for the majority, many are forced to re-evaluate even essential purchases. When consumers face financial pressures, the effects soon filter through to afflict retailers. At the…
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1 JuneClothing & Shoes
Dr Martens profits surge to £214m amid record sales
Dr Martens has hailed a set of “record results” for the full-year period ending 30 March 2022 with its adjusted pre-tax profits surging 43% to £214.3m, after it revealed it sold “more pairs of boots, shoes, and sandals than at any time in its 62-year history”. The footwear brand, founded…
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May- 2022 -31 MayPeople Moves
Nelson Peltz joins Unilever as non-executive director
Nelson Peltz, American billionaire and activist investor, will join London-listed Unilever from July 20 and serve on the board’s compensation committee in a non-executive capacity. Peltz is CEO and a founding partner of Trian Fund Management, an investment management firm. He has previously served on the boards of several major global…
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31 MayDIY
B&M appoints CEO successor as FY revenues dip
B&M has revealed that sales dipped in its latest full-year results, alongside the announcement of a new CEO, as revenue fell by 2.7% to £4.7bn against the prior year, despite increasing 22.5% on a two-year basis against FY20. Its UK fascia revenue decreased 4.1% year-on-year, largely driven by a one-year…
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