Marks & Spencer Group Plc Chief Executive Officer Marc Bolland declined to be considered for a pay increase for a fourth year running after the U.K.’s largest clothing retailer again fell short of targets.
Marks & Spencer Group Plc was the only major clothing retailer to lose U.K. sales and market share in the six months through mid-May and the price gap with rivals widened, according to Sanford C. Bernstein.
Marks & Spencer Group Plc Chief Executive Officer Marc Bolland doesn’t make as much money selling clothes as smaller rival Next Plc. To soften the blow, some investors would like him to mimic his competitor’s record on giving back cash.
Almost two years after cutting his projection of long-term sales growth at Marks & Spencer Group Plc, Chief Executive Officer Marc Bolland will unveil figures next week indicating even that was too optimistic.
J Sainsbury Plc’s outgoing Chief Executive Officer Justin King became the only head of a listed U.K. supermarket group to get a bonus this year as the industry reels from the shakeout caused by discounters Aldi and Lidl.
Marks & Spencer Group Plc Chief Executive Officer Marc Bolland may have only a year to prove he can revive Britain’s biggest clothing retailer after reporting a sixth straight quarterly drop in non-food sales.