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Department Stores
M&S CEO’s pay hit £7.1m before cyber attack
M&S has revealed in its annual report that its CEO Stuart Machin took home £7.1m in pay for the year…
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Clothing & Shoes
Burberry pays CEO £2.6m amid turnaround and widespread job cuts
Burberry has revealed that it has paid new CEO Joshua Schulman almost £2.6m in his first nine months in charge…
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Economy
Lidl, Halfords and The Range repay staff over minimum wage breach
Lidl, Halfords and The Range are among a number of UK companies named and shamed by the Department for Business…
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Clothing & Shoes
Frasers closes in on ailing Norwegian sportswear giant takeover
Frasers Group has confirmed that it is close to assuming a controlling stake in Norwegian sportswear company XXL ASA, but…
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High Street
Pets at Home FY profits rise 14% to £120m despite flat revenues
Pets at Home has seen its profit before tax rise 14% to £120.6m for the year ended 27 March 2025,…
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High Street
Oxford Street vacancies drop below pre-pandemic levels
The rate of vacancies on Oxford Street in London has fallen to 0.5%, the first time it has fallen below…
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News-In-Brief
Today’s news in brief-23/5/25
Tesco UK CEO Matthew Barnes has stepped down after just one year in the role to pursue other opportunities. He…
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Supermarkets
Tesco UK CEO steps down after only a year in role
Tesco has announced that UK CEO Matthew Barnes has stepped down after only one year in the role to “pursue…
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News-In-Brief
Today’s news in brief-15/5/25
B&M has appointed former Tesco executive Tjeerd Jegen as its new CEO, effective 16 June 2025. Jegen brings 25 years…
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High Street
B&M appoints ex-Tesco exec as new CEO
B&M has announced the appointment of Tjeerd Jegen as its new chief executive officer. The value retailer revealed that Jegen…
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