UK: Tesco silent on commercial director appointment
UK retail giant Tesco has declined to comment on reports it is looking to recruit a commercial director in a bid to turnaround its domestic business.
The world's third-biggest retailer is understood to have hired executive search firm Zygos to find a director that will sit on Tesco's UK board and work closely with the chief executive Philip Clarke, the Independent wrote this morning (25 June).
However, a spokesperson for Tesco declined to comment on the report, adding that it does not provide commentary on recruitment for individual posts.
This month the retailer recorded a 1.5% fall in underlying UK sales for the 13 weeks to 26 May - its fourth consecutive quarter of falling like-for-like sales, after January's first profit warning in 20 years.
Tesco's moves to boost UK sales come amid a stagnant retail sector in the country and with consumer confidence remaining low.
The retailer's recent domestic problems have prompted Clarke to get more involved in the retailer's domestic business, which led Richard Brasher, the CEO of the company's operations in the country, to leave the group in March.
Clarke has said he is spending "about two days a week" on its UK business and, during the quarter, had only visited seven of the retailer's 13 markets. Usually, he would travel to all of the markets, he said.
However, when asked when Tesco will appoint a new chief executive for its UK business, Clarke said he would keep the domestic role "until further notice".
Zygos declined to comment on whether it was undertaking recruitment for the new post.
Textile-making countries came up against a range of labour, economic and environmental issues in 2012, including the worsening Eurozone crisis which dampened demand in key export markets. While some s...
Faced with continuing challenging trading conditions in 2012, retailers responded with a number of different strategies to try to grow their businesses. International expansion, new and larger format ...
US brands and retailers were baling out of Bangladesh even before the fire at the Tazreen Fashion factory killed more than 110 people at the end of last month. And given the subsequent criticism aimed...
Among the most-read analysis articles on just-style in 2012 were stories relating to the clothing industry in Burma, the importance of speed to market, and the future of the UK apparel manufacturing i...
Swiss group CHT Bezema has opened what is thought to be the first bonded warehouse supplying dyes and chemicals to Ethiopia's growing textile and clothing industry....
UK retailer Sainsbury's has dismissed reports its chief executive Justin King could step down from his role in February....
The most read stories on just-style this week include Delta Galil USA acquiring the LittleMissMatched brand, Sri Lankan apparel manufacturers facing continuing challenges, and Ethiopia's ongoing effor...
- Better factory conditions boost the bottom line
- Is there more to Primark's woes than the weather?
- Myanmar garment exports surged 20% in 2015
- Under Armour on track with new UAS sportswear line
- Why synthetic fibres are a safe bet for the future
- Brexit may hit suppliers with UK duty-free access
- Vietnam's Vinatex opens $5.7m garment factory
- H&M living wage commitments criticised in Cambodia
- New US tariff classifications impact woven apparel
- Natural plant dyed eco-friendly cellulosic yarns