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Asda managers left in the dark over bonus cuts

Retail Gazette

Asda managers only found out about the supermarkets decision to scrap their annual bonuses when the news broke in the media, sources have told Retail Gazette. The supermarket giant has reportedly scrapped its bonus scheme for more than 10,000 managers due to underperformance, with the news first emerging in The Telegraph earlier this week.

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Sabo data breach exposes 3.5 million customer records

Inside Retail

million records by Australian fashion brand Sabo from 2015 to this year. Fowler stated that the records appeared to belong to an internal management storage system, used to track sales, returns, and domestic and international correspondence. A cybersecurity researcher has found a data exposure affecting over 3.5

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Asda confirms lay-offs in cost-cutting drive after worst Christmas in years

Retail Gazette

The beleaguered supermarket cut roles for 13 regional managers last week under a shake-up designed to reduce headcount and improve performance, The Telegraph reported. The cost-cutting measures come after Asda delivered its worst Christmas since 2015, with sales falling 5.8%

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The Beaverbrooks Group Chairman honoured with ‘Lifetime Recognition Award’ for outstanding workplace commitment

Retail Focus

In 2015, he was presented an OBE for Services to Business and Charity in the North of England. Anna Blackburn, Managing Director at Beaverbrooks, said: “Mark’s leadership continues to inspire and shape the direction of our company. This award is testament to the incredible dedication, hard work, and passion of everyone at Beaverbrooks.

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Family Dollar Launches New Partnership With Uber Eats. Here Are the Details

Retail Wire

Brigade Capital Management and Macellum Capital Management, two private equity firms, have acquired the discount store. Dollar Tree added that after looking into other options for Family Dollar for a while, the sale to Brigade Capital Management and Macellum Capital Management will allow it to focus on its core business.

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Ex-Volkswagen Execs Slammed With Prison Time Over $30 Billion Diesel Emissions Scandal

Retail Wire

Engine electronics specialist Hanno Jelden, a former manager, received a two-year, seven-month term. ” All About the Volkswagen Emissions Scandal In September 2015, the U.S. between 2009 and 2015. View this post on Instagram A post shared by Volkswagen (@volkswagen) Two other supervisors, Thorsten D.,

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Boots owner Walgreens explores $10bn sale to US private equity giant

Retail Gazette

The talks follow a steep decline in Walgreens share price, which has dropped from over $100bn in 2015 to just $7.5bn. Weeks later, Boots managing director Seb James announced his resignation, as the retailer pr omoted ex-Asda MD Anthony Hemmerdinger to the role. A deal could value the health and beauty retailer at up to $10bn (7.8bn).