By DAILY MAIL CITY & FINANCE REPORTER Sainsbury's is under fire over the 'excessive' pay deal handed to its new boss Simon Roberts. Just days after Tesco suffered one of Britain's biggest shareholder revolts over fat-cat pay, its supermarket rival was accused of failing to align executive rewards with the interests of shareholders. Advisory group... Continue Reading →

By Elias Jahshan -June 28, 2020 The Hut Group's board has reportedly not yet made a decision whether the flotation would be conducted in the public or private markets. // The online beauty retail group is in talks about a share sale that could lead to a London flotation // Reports suggest The Hut Group is courting... Continue Reading →

By Sean Poulter Consumer Affairs Editor For The Daily Mail22:08 26 Jun 2020, updated 22:29 26 Jun 2020  The problems at Intu puts more than 100,000 jobs in jeopardy Some of its more famous sites are likely to be sold, while others could be lost forever Some of Britain's biggest shopping centres face closure, which threatens... Continue Reading →

Vote against backing remuneration report casts shadow over soaring sales news Tesco has suffered one of the biggest ever shareholder revolts over executive pay, casting a shadow over a strong sales performance during the coronavirus lockdown. Shareholders representing just over 67% of the stock voted at the retailer’s annual meeting not to back the remuneration report.... Continue Reading →

More than 80 Microsoft stores closed due to the coronavirus pandemic will not reopen19:45 June 27, 2020 Microsoft said Friday it will close all of its stores and move its retail operations online, keeping just four locations and transforming them into "experience centers."Image Credit: AP San Francisco: Microsoft said Friday it will close all of its... Continue Reading →

PUBLISHERReutersPUBLISHEDJUN 25, 2020 2:12AM EDTCREDIT: REUTERS/SIPHIWE SIBEKO South African budget retailer Mr Price on Thursday reported a 10.4% drop in annual earnings due to COVID-19 impairment provisions, and did not declare a final dividend in order to preserve cash. JOHANNESBURG, June 25 (Reuters) - South African budget retailer Mr Price on Thursday reported a 10.4%... Continue Reading →

By a Daily Business reporter | June 21, 2020 JD Sports sent shockwaves through the retail sector with a report that one of the best-performing high street chains intends to appoint administrators for its Go Outdoors’ chain. Go Outdoors, specialising in camping equipment, bikes and clothes, employs about 2,400 staff across 67 stores. It was acquired for... Continue Reading →

 21 June 2020 Consultancy.com.au New Zealand women’s fashion brand Max is currently working with a partner from Australian consultancy McGrath Nicol to restructure its operations. At present, 17 of the company’s stores are lined up for closure, after having virtually no revenue during the Covid-19 lockdown. McGrath Nicol is a specialist advisory and restructuring firm that... Continue Reading →

The owner of the Westfield London White City shopping centre has set out plans to turn the House of Fraser store there into co-working space in a bid to create a more mixed-use destination. The plans are at an early stage but applications have been filed to Hammersmith and Fulham Council to convert around two-thirds... Continue Reading →

Inditex SA plans to invest 2.7 billion euros ($3 billion) to boost e-commerce operations of chains like Zara and Bershka and expand store space to gain an edge on rivals as the pandemic snarls the clothing-retail industry. The Spanish retailer aims to get more than a quarter of its sales from the web by 2022... Continue Reading →

Inditex seeks to boost online retailing as coronavirus causes 44% sales slump Store closures are expected to be concentrated in Asia and Europe, with the UK less heavily affected. The owner of Zara will close as many as 1,200 stores around the world as the clothing retailer tries to boost online sales during the chaos... Continue Reading →

Upmarket lingerie firm Victoria's Secret UK on Friday appointed Deloitte as administrator in a 'light touch' administration. The UK business has 25 leasehold sites and employs over 800 people. Most of the staff were on furlough as at the time of the appointment and no redundancies have been announced. The UK division is part of... Continue Reading →

MANILA - Japanese apparel brand Uniqlo said Tuesday it would soon launch its online store in the Philippines, as more shoppers shift online to ride out the coronavirus pandemic. Launching in the second half, Uniqlo said it was banking on Filipinos' status as one of the world's top mobile internet and social media users. “An... Continue Reading →

An Aldo shoe store on London's Oxford Street. (John Keeble/Getty Images) Canadian shoe retailer Aldo has appointed financial services firm RSM as administrators of its UK division, putting the jobs of employees at its 13 stores in the country at risk. In a statement, Aldo noted the impact of the coronavirus pandemic, pointing to “historic... Continue Reading →

UK fashion brand Jigsaw closed its Australian business on Friday 29 May due to the impact of COVID-19.  The business shuttered its stores across the country and closed its local website, noting that while it is exiting Australia for now it could return in the future.  “It’s time to say goodbye. After many wonderful years,... Continue Reading →