RetailTrust names Terry Duffy as new chair

Retail industry charity RetailTrust has named former Home Retail Group chief executive Terry Duffy as its new chair.

He will be joined by a number of new trustee appointments including Nigel Duxbury of AS Watson and Michael Green on BCSC, while Lindsay Page from Ted Baker is set to join.

Outgoing chair John Lovering said: “I am delighted that Terry has agreed to become the next chair. I leave Retail Trust in good health. We have focused our work, increased our relevance to the trade, improved fundraising, built a new Board and governance structure and appointed an outstanding Executive team I am really proud of today’s Retail Trust and I know Terry, Richard and the energetic new board will build on these foundations and take us forward strongly.”

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The charity said that 2014 has been an exceptional year. Fundraising experienced an 18% growth in gross revenue terms, and at the net distributable level was up 69% year on year. This remarkable fund raising effort enabled the charity to grow its grants and services by over 20% year on year.

It has also invested significantly in the development of its educational programmes including retailRIGHT, its NEETS programme (for young disadvantaged people looking to work in the retail sector) where over 27% of the trainees were rewarded with jobs immediately following completion of the programme. The further commitment to education in retail and the future careers of young retailers has advanced with more than £130,000 being awarded in scholarships and bursaries through ongoing relationships with Oxford Summer School, the Fashion Retail Academy and other higher education institutions.



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