Terry Duddy, chief executive of Home Retail, Argos’s parent company, had his bonus slashed last year.
Want to know more about Home Retail?
Because the group, which also owns DIY retailer Homebase, did not meet its profit target’s Duddy’s cash bonus fell to £301,000 compared to £615,000 the previous year.
Home Retail’s profits fell from £293m to £265.2m in the year to February 26. In its annual report, published yesterday and including details of Duddy’s pay, the retailer said: “Despite challenges in our markets, we’ve maintained our market share and multichannel leadership position.”