×
36
Fashion Jobs
ESTEE LAUDER
bb/cl/el/jm/lm/Mac/tf - Freelance Consultant - Auckland - on-Call/Freelance
Permanent · Auckland
FOOT LOCKER, FOOT LOCKER
Casual Sales Associate
Permanent · Auckland
LULULEMON
Key Leader | Commercial Bay
Permanent · Auckland
LULULEMON
Casual Educator | The Mount
Permanent · Tauranga
JD SPORTS
Instore Visual Merchandiser - Manukau - New Store Opening
Permanent · Auckland
FOOT LOCKER, FOOT LOCKER
Full-Time Sales Associate
Permanent · Auckland
LULULEMON
Casual Educator | Commercial Bay
Permanent · Auckland
JD SPORTS
Senior Flagship Store Manager - Auckland
Permanent · Auckland
JD SPORTS
Apparel Department Manager - Manakau - New Store Opening
Permanent · Manakau
JD SPORTS
Footwear Department Manager - Manukau - New Store Opening
Permanent · Manakau
JD SPORTS
Back of House Manager - Manukau - New Store Opening
Permanent · Manakau
JD SPORTS
Floor Manager - Manukau - New Store Opening
Permanent · Manakau
FOOT LOCKER, FOOT LOCKER
Assistant Manager
Permanent · Auckland
ESTÉE LAUDER
jo Malone London & Bobbi Brown - Beauty Advisor - Lotte Cosmetique Wellington Domestic Airport - Full Time
Permanent · Wellington
JD SPORTS
Senior Department Manager - Sylvia Park
Permanent · Auckland
LULULEMON
Assistant Manager | Ponsonby
Permanent · Auckland
LULULEMON
Assistant Manager | Takapuna
Permanent · Auckland
ESTEE LAUDER
Mac - Retail Manager - Auckland - Full-Time
Permanent · Auckland
ESTEE LAUDER
Mac - Retail Artist - Sylvia Park - Part Time
Permanent · Auckland
ESTEE LAUDER
Mac - Assistant Retail Manager - Britomart - Full Time
Permanent · Auckland
ESTEE LAUDER
Mac Travel Retail - Beauty Advisor -Wellington Airport
Permanent · Wellington
ESTÉE LAUDER
Mac Travel Retail - Beauty Advisor - Auckland Airport Duty Free - Full Time
Permanent · Auckland
Published
May 16, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Next under fire over 'excessive' leadership pay

Published
May 16, 2022

As costs and inflation rise and the prospect of recession looms large, retail bosses are being targeted for ‘excessive’ pay and bonuses, with fashion retail giant Next among them.


Next


Next chief Simon Wolfson is under fire for taking home almost £4.4 million last year, up 50% on the year before, including an annual bonus worth 100% of his basic salary. That comes as the retailer benefited from Covid furlough pay for workers and business rates relief.
 
So the Institutional Voting Information Service (IVIS) has given the retailer a ‘red top’ rating, which urges shareholders to vote against chief executive’s pay, reported The Guardian.

“Shareholders will need to be satisfied that the payment of bonuses was appropriate in a year when the company again participated in the government’s Coronavirus Job Retention Scheme and there is no clear indication whether the company has or intends to repay the support received from the government,” IVIS said of Next, according to report seen by the newspaper.
 
However, Next is understood to have repaid £29 million of business rates relief and has repaid any further support taken when its stores reopened.
 
The group’s remuneration committee added that executive pay was “proportionate and aligned to business performance”.
 
The retail giant has performed well post-pandemic and its latest trading update issued last week showed trading in the 13 weeks to April 30 saw full-price sales rising 21.3% on the year, in line with its forecasts.
 
Next said it’s also maintaining its guidance for full-year pre-tax profit of £850 million, which would be up 3.3% versus last year. 
 

Copyright © 2022 FashionNetwork.com All rights reserved.