Newspaper retail round up

A round up of retail stories from the papers… Ocado, M&S, Tesco, Carrefour, Amazon

Ocado mangers in for a payout

If Ocado’s top managers can double the company’s share price after its stock market flotation, they are in line for a £30m pay out following a £1m investment of their own money in a joint share ownership scheme.

M&S shareholders angry over pay

Marks and Spencer is braced for a shareholder backlash over Marc Bolland’s pay package and Sir Stuart Rose’s outgoing bonus at its AGM later this week.

From The Times

Tesco stakeholders rage over pay

Half of Tesco’s investors have refused to support its pay plans. A third of the votes cast went against the retailer and a further 15% of investors abstained.

M&S puts strategy director search on hold

Marks and Spencer has put its search for a top-level strategy director on hold as the retail chain faces anger over the remuneration packages of both Marc Bolland and Sir Stuart Rose.

Carrefour to sell Asian business

French supermarket chain, Carrefour, the world’s biggest supermarkets group after Wal-Mart plans to sell its operations in Malaysia, Thailand and Singapore to focus on key markets.

Office for sale

Footwear chain Office has been put up for sale for £170m by its owner Sir Tom Hunter.

From The Financial Times

Amazon buys Woot.com

Amazon.com has bought US shopping website Woot.com. Woot sells one item a day and has a notoriously no-frills approach to online retailing.

From The Guardian

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