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A third of Burberry’s shareholders have failed to back the luxury brand’s remuneration report in a protest over high pay. Whilst slightly over 32% of shareholders rejected the report, more shareholders withheld their votes on the matter, signalling the biggest rebellion since more than half of shareholders voted against director...

Online fashion retailer ASOS has reported a rise in third quarter revenue assisted by a surge in international sales. The company stated that total sales in the four months to June 30th rose 32% to £676 million, with revenue in the UK rising by 16% to £234.6 million. The rest...

Mike Ashley has continued with his expanding portfolio, investing £44m amounting to a 25.75% stake in Game Digital. The move comes after the video games retailer announced a profit warning in June due to a shortage of Nintendo Switch consoles, exacerbated by a poor performance for the gaming retail industry...

German discount supermarkets Aldi and Lidl have entered a price war regarding their ‘Back to School’ uniform ranges. Lidl began by offering a package containing two polo shirts, a sweatshirt or jumper and trousers or pleated skirt which would be sold for £3.75. In response, Aldi then cut its own...

The British economy continues to struggle, as the three-month average real total pay fell by 0.7% in May according to the Office for National Statistics. The figure marks the fastest rate of decline since August 2014, which was attributed in part at least to the significant spike in inflation in...

Luxury fashion house Burberry announced that in the three months to June 30th, the brand saw a 4% rise in comparable sales. Much of the increase was attributed to strong growth in mainland China, which drove mid single-digit percentage growth in the Asia Pacific region. Online and mobile sales also...

Coins and notes are no longer the UK’s number on payment method for the first time, being replaced by contactless payments. Figures from the British Retail Consortium show that contactless cards now account for about a third of all card purchases, up from 10% as recently at October 2015. In...

Store Twenty One is being liquidated resulting in the loss of approximately 900 jobs as its 122 stores ceased trading on Friday. The announcement comes after the HMRC had issued the company with a winding up order in April regarding unpaid tax. Simon Bonney, a partner at Quantuma, the corporate...

Rising full-price sales at family-owned clothing and homeware retailer Matalan have boosted quarterly revenue in difficult economic conditions. The company has posted a 1% rise in revenues up to £253.4m for the 13 weeks ending 27 May 2017. Chief executive of Matalan, Jason Hargeaves added that, “I am really pleased...

Clarks have appointed two new leaders for its Asia Pacific and European operations in a move to strengthen its senior management team. The UK footwear group have added Ben Fletcher as its European region managing director and Jack Quinlan as its Asia Pacific regional president. Both are experienced in the...