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City & Finance

Next revealed second-quarter trading this week

Retailers should take heart from Next's second-quarter trading update

Fashion bellwether Next’s second-quarter update reminds bosses that despite external challenges there are opportunities for good retailers.

Carptright is updating its image, including introducing  a new logo

Comment: Wilf Walsh sets off on a magic carpet ride as profits rise

Until his surprise appointment as Carpetright boss, former HMV man Wilf Walsh was more associated with Inspiral than inspiring carpets.

There has been speculation that Ocado could strike a deal with a US retail partner

Will next week bring news of an international deal for Ocado?

When Ocado releases its interims next week interest is as likely to be focused on news about international prospects as its domestic market.

It emerged this week Mike Ashley has opened a variety store in Kidderminster under the name Mega Value

Mike Ashley looks match-fit to tackle the value sector

If he can do with general merchandise what he has done in sportswear and fashion, Mike Ashley could be about to move up into the value sector’s Premier League.

A Chinese private equity house has been courted to help stage a buy-out of New Look

Chinese interest in New Look may signal more retail deals in the East  

Potential Chinese interest in acquiring fashion retailer New Look symbolises the growing economic power of China.

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