All City & finance articles – Page 104
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NewsPoundland owner posts sales and earnings rise
Pepco, owner of the Poundland value retail chain, has reported a rise in annual sales and profits.
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NewsHalfords poaches former Tesco and Virgin Active finance boss
Halfords has recruited former Tesco and Virgin Active executive Jo Hartley as its new chief financial officer.
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NewsTHG shares tumble as investor crisis meeting backfires
THG’s share price plunged by a third in the hours following its Capital Markets Day yesterday, as the attempt to calm investors’ concerns about the business appeared to fall on deaf ears.
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Retail VoiceCritical £5bn investment will cement West End’s place on global city league table
A financial boost will help central London businesses build back better, says Jace Tyrrell, chief executive of New West End Company.
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Opinion‘Beighton put Asos on US retail stage – his successor must take it to Broadway’
Today’s shock departure of Asos chief executive Nick Beighton brings the curtain down on a 12-year career at the retailer.
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NewsBeighton steps down as Asos eyes new international and own-brand targets
Asos has announced a host of board changes, including the end of Nick Beighton’s 12-year tenure as chief executive, as it enters the next stage of growth.
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Opinion‘Why sell Selfridges when department stores are having such a hard time?’
Former Selfridges chief executive Peter Williams ruminates on the iconic department store’s potential sale and makes a special plea to its owner the Weston family.
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NewsSosandar sales surge as it hails new-season success
Sosandar has recorded soaring sales as it steps up its third-party collaborations and introduces its autumn/winter collection early.
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AnalysisAnalysis: Why Ken Murphy believes Tesco will thrive in its ‘next chapter’
Alongside a bumper set of results, Tesco boss Ken Murphy set out his stall for post-pandemic growth. Retail Week analyses his new strategic priorities.
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NewsTesco raises guidance following 'strong' sales and profit surge
Tesco has raised its full-year profit expectations as boss Ken Murphy said the grocer is “outperforming the market” amid a sales uplift and profit spike.
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NewsScS back in the black after ‘strong recovery’ from the pandemic
Furniture and flooring specialist ScS has hailed a “strong year of recovery” after returning to profitability and reporting soaring sales.
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NewsHotel Chocolat reports soaring sales as online strategy pays off
Hotel Chocolat has reported profit before tax ahead of market expectations and rising sales as its online capital investment strategy helped insulate it from rolling store closures.
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NewsGreggs upgrades profit expectations as sales jump
Food-to-go specialist Greggs has upgraded its full-year outcome as both in-store and online sales jumped in the third quarter despite ongoing supply chain issues.
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NewsLeahy returns to grocery as Morrisons board gives green light to CD&R deal
Morrisons’ board has recommended acceptance of private equity group CD&R’s takeover offer, marking a likely return to grocery for former Tesco chief executive Sir Terry Leahy.
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NewsAO warns supply chain ‘disruption’ will trigger profit decline
AO.com has said that “challenging market dynamics” across the UK and Germany have constrained its sales growth, and that it anticipates a decline in full-year profits as a result.
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NewsMorrisons bidders to battle for the retailer in auction this Saturday
The ownership of Morrisons will be decided this Saturday when an auction between rival bidders will be held.
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NewsQuiz losses deepen as sales plummet due to pandemic store closures
Fashion retailer Quiz has reported deepening losses as rolling store closures due to pandemic restrictions hammered its revenues.
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NewsNext upgrades outlook as profits and sales soar beyond pre-pandemic levels
Next has reported significant increases in both full-price sales and profit before tax compared with 2019 levels and has upgraded its full-year profit guidance.
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NewsCard Factory cuts losses as it targets omnichannel growth
Card Factory has reported a reduced first-half loss and said a transformation to an omnichannel model is under way.
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Opinion‘Regulation of online giants is one of the most important policy challenges of our time’
Regulation is not about constraining tech innovation, but sharing it more widely and increasing competition, says Michael Jary, senior adviser at OC&C Strategy Consultants.