Investors look set to put the boot in on shoe retailer Accent Group by handing the Athlete’s Foot, Platypus and Hype owner a first strike on executive pay.
Just over 38 per cent of proxy shareholders have rejected Accent’s remuneration report – easily clearing the 25 per cent threshold for a strike.
The proxy count at the company’s annual general meeting comes despite the Dr Martens, Vans, Timberland and Sketchers dealer reporting like-for-like retail sales growth in line with August’s outlook despite a wider retail downturn.
Accent went perilously close to a first strike last year with about 24 per cent of investors voting against its remuneration report.
AAP