THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE

Shop Direct CEO Alex Baldock to step down

Shop Direct, the owner of Very and Littlewoods, has announced that Alex Baldock is to step down as chief executive of Shop Direct in the summer of 2018.

FASHION

Shop Direct CEO Alex Baldock to step down

Since joining the business in September 2012, Baldock has been credited with driving consistent double digit growth at Very.co.uk and almost a tenfold increase in the group’s profits as it invested in technology and personalisation.

He has also strengthened Shop Direct’s executive board and leadership team and reorganised the group’s people, process, data and technology capabilities.

Baldock said: “I’ve loved my time at Shop Direct. It’s been a pleasure and a privilege to lead this exceptional team through such a rapid and far-reaching transformation.

“It’s now time for me to move on to the next challenge, but I will do so with fond memories and full confidence that the business will continue to thrive under new leadership.”

Earlier this month, Shop Direct reported that underlying pre-tax profit climbed by 10.2%, or 6.6% on an adjusted basis, to £160.4 million in the year to 1 July. Meanwhile, group sales increased by 5.6% on a like-for-like basis, or 3.7% on adjusted basis, to £1.93 billion after Very saw sales growth of 14.6%, or 12.6% on an adjusted basis, to £1.26 billion.

Aidan Barclay, chairman of Shop Direct, said: "Alex is a class act. He's been pivotal to the remarkable digital transformation of Shop Direct. He's brought strategic clarity, relentless execution, and inspired his people to get behind him at every step.

“In the meantime, I know he and the team will ensure a smooth succession as we continue the transformation of Shop Direct into a world class digital retailer."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy