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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Feb- 2022 -2 FebruaryClothing & Shoes
Influencer activewear brand Tala raises ยฃ4.2m
Tala, the sustainable activewear brand founded by fitness entrepreneur Grace Beverley, has announced that it has raised ยฃ4.2m in funding co-led by Active Partners and Venrex. Additional participants in the oversubscribed round include Pembroke VCT, as well as angel investors including Nicola Kilner (CEO and founder, Deciem), Michelle Kennedy (CEO…
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1 FebruaryClothing & Shoes
Joules lowers profit forecast amid Covid and supply chain disruptions
Joules has reported its pre-tax profits fell to ยฃ2.6m in the six months ending 28 November 2021 (FY22), compared to ยฃ3.7m in FY21. The group announced that pre-tax profits for the full year is now expected to be ยฃ5m, down from the ยฃ10m to ยฃ12m previously forecast. Meanwhile, revenues hit…
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1 FebruaryOnline & Digital
Asos invests ยฃ14m in Belfast tech hub
Asos has announced it is investing ยฃ14m into a new tech hub in Belfast over the next three years as it continues to scale its investment in technology, creating 184 new jobs with eight permanent staff already on board. As part of the investment, Asos has announced the opening of…
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Jan- 2022 -31 JanuaryClothing & Shoes
Net-a-Porter president joins Lululemon board of directors
Lululemon athletica inc. has announced that Alison Loehnis, president of luxury and fashion at Yoox Net-a-Porter, has been appointed to serve on its board of directors, effective immediately. At Yoox Net-a-Porter, an online luxury and fashion retailer, Loehnis is responsible for Net-a-Porter, Mr. Porter and The Outnet businesses. She has…
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28 JanuaryClothing & Shoes
Adidas set to hire 2,800 new employees in 2022
Adidas has announced plans to hire 2,800 new employees this year at 307 of its locations in 47 countries. The majority of the new employees, more than 900 people, will be deployed in the Adidas retail stores.ย Adidas is also filling more than 500 positions in the areas of digital,…
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27 JanuaryOnline & Digital
AO to review German business following revenue hit
AO has launched a strategic review of its German business after it was hit by supply chain issues and rising marketing costs.ย It comes as group revenue fell by 14% in the quarter ended 31 December on a one-year basis, reporting a rise of 45% on a two-year basis. Its…
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24 JanuaryPeople Moves
Sainsburyโs creates chief transformation officer role
Sainsburyโs has promoted Graham Biggart to the newly created role of chief transformation officer, and he will join the operating board in March 2022. The move comes as Sainsburyโs plans to โaccelerateโ its customer transformation, in addition to its plan to save money and invest in innovation, quality and price,…
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24 JanuaryPeople Moves
Wickes appoints chief financial officer
The Wickes Group has announced the appointment of Mark George as chief financial officer (CFO), effective no later than 20 July 2022. In his new role, George will replace Julie Wirth who has announced her intention to retire froma full-time executive role following her โsignificant contributionโ to the transition of…
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21 JanuaryHigh Street
The Works H1 sales rise 30.6% to ยฃ116.1m
The Works has announced its revenues increased by 30.6% to ยฃ116.1m in the 26 weeks ending 31 October 2021 (H1 FY22), up year-on-year from ยฃ88.9m and 17.9% from pre-pandemic levels (H1 FY20). The group has also reported Pre IFRS 16 Adjusted EBITDAย of ยฃ2.5m for the period, compared to ยฃ1.5m during…
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21 JanuaryClothing & Shoes
N Brown EBITDA to come in at lower end as revenues remain flat
Fashion and homeware retailer N Brown has revealed it expects its group revenues to remain relatively flat for FY22, increasing 1.7% to ยฃ614.4m. The retailer said this comes in below previous expectations. Despite entering the trading period โwell preparedโ, and its clothing and footwear continuing its resurgence into Q3, with…
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