Blog: Leonie BarrieRevolving door at Tesco

Leonie Barrie | 19 October 2007

There are fears of a brain drain at UK supermarket giant Tesco after it lost its fifth senior manager in as many months today. The exit of its Central European clothing boss Julia Reynolds, who is heading for the CEO post at online lingerie and swimwear retailer figleaves.com, is the only apparel-related departure. But the seeming mass exodus of other top executives, including commercial finance director Keith Down, head of IT John Browett, head of Tesco Direct Steve Robinson, and director of Tesco's development programme Dido Harding is raising concerns.

Analysts say the departures reflect the lack of opportunity for promotion to board level jobs within the retail group. The only step up the ladder for Reynolds, for instance, would have been to succeed Tesco's international sourcing chief, John Hoerner. Ambitious executives need to be able to make their mark, as well as spot opportunities for career progression. And if these aren’t going to come internally, then they have little option but to look elsewhere.

Former Tesco clothing exec named CEO at figleaves.com


BLOG

just-style market research sale

Are you planning for the year ahead and beyond? Well this week we’re offering great deals on some of our market research......

BLOG

Gearing up for the holiday shopping season

The volume of US apparel imports saw an increase in October on the prior year as retailers geared up for the holiday shopping season. Bangladesh booked the second highest growth behind India, reversin...

BLOG

Innovations to boost sustainability

Hong Kong-based textile and apparel giant Esquel Group, the world's largest woven shirt maker, is pushing ahead with the pursuit of sustainable and holistic quality. ...

BLOG

Sign up to try new re:source apparel sourcing tool for free

The old saying "Good things come to those who wait" is certainly true for re:source, the new suite of data-driven sourcing tools being developed by the team here at just-style....

just-style homepage



Forgot your password?