Tesco investors vote down directors' pay report
Tesco , Britain's largest retailer, on Friday became the latest big company to be hit by investor anger over executive pay after shareholders at its annual meeting voted down its remuneration report.
Tesco , Britain's largest retailer, on Friday became the latest big company to be hit by investor anger over executive pay after shareholders at its annual meeting voted down its remuneration report.
New research shows that just 18.2% of commercial rents in the UK were collected by landlords on 24 June, with retail properties among the worst performing group.
Steve Johnson is to take over as chairperson at value retailer Matalan and it has a new commercial chief too, with James Brown returning to the firm after having been commercial director of GM & Clothing at Sainsbury’s.
Mike Ashley’s Frasers Group is reportedly facing an HMRC investigation over allegations that it abused the government’s furlough scheme during the Covid-19 lockdown.
Fast-growing womenswear e-tailer Sosandar said on Friday that Stephen Dilks is joining it as Finance Director as James Bowling, Head of Finance, “has decided to step down to pursue other opportunities”.
In a sign of the slow return to normality, Watches of Switzerland has announced the opening of a new Tag Heuer boutique in Oxford's Westgate Centre. But it will be by appointment only for now.
Boohoo-owned PrettyLittleThing is linking up with payments specialist Laybuy to allow its customers to spread the cost of purchases over six weekly interest-free instalments from the end of this month.
Tesco issued a Q1 trading statement on Friday and said that clothing sales in the 13 weeks to May 30 plunged as much as 20% as its shoppers shifted their buying habits to essential items.
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