British retailer Sports Direct hit out at shareholders on Wednesday for failing to back a lucrative bonus share scheme proposed for its founder Mike Ashley, as it posted a rise in fourth-quarter sales.
Britain's No.2 department store operator, Debenhams, said it would cut back on criticised promotions, improve its online business and boost ranges with retailer tie-ups to try to reverse a slide in profits.
Britain's blue chip share index hit a two-week low on Tuesday, with Sports Direct leading losses after a share sale by founder Mike Ashley and technicals pointing to a bearish market outlook in the near term.
The founder of Britain's Sports Direct has bought an 11 percent stake in House of Fraser, a source close to the deal said, only days after China's Sanpower Group agreed to buy a 89 percent in the British department st...
Sports Direct on Tuesday outlined plans to hand its founder and deputy chairman Mike Ashley a share bonus worth around 65 million pounds in recognition of the company's rise to Britain's biggest sporting goods retailer.