All City & finance articles – Page 105
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NewsNike warns of price rises amid supply chain chaos
Nike has warned that prices are likely to rise in the second half of its financial year as the brand bids to offset increasing costs in its supply chain.
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NewsDFS profits surge as consumers spend on their homes
Furniture specialist DFS has posted an increase in full-year sales and profits as consumers spent on their homes during the Covid-19 pandemic.
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NewsFenwick losses widen amid ‘most difficult trading conditions in living memory’
Fenwick has suffered widening full-year losses after enforced store closures drove a slump in sales during the coronavirus pandemic.
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NewsKingfisher boss eyes expansion as post-Covid trends create growth opportunities
Kingfisher chief executive Thierry Garnier said he was positive the DIY giant would thrive despite posting a dip in like-for-like sales.
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NewsKingfisher raises outlook as profits soar across Europe
DIY giant Kingfisher has recorded rising profits as its ‘Powered by Kingfisher’ strategy drives business changes.
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NewsWickes reveals strong profit rise in first results since demerger
Wickes has registered stellar profits and sales in the first report since it demerged from Travis Perkins.
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NewsJohn Lewis losses narrow as sales jump and cost-saving measures take effect
John Lewis has reported a significant narrowing in losses after tax in the first half of the year, with revenues jumping and cost savings from its extensive restructuring beginning to take effect.
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NewsSuperdry losses narrow as it makes sustainability gains
Superdry recorded a smaller dip in profits as its sustainability plans begin to bear fruit.
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NewsThe Hut Group profits soar one year after London listing
The Hut Group (THG) has reported growth across all areas of the business following its 2020 IPO.
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NewsThe Co-op profits fall as it announces partnership with Amazon
The Co-op has registered a dip in profits as it “invests in its business and colleagues” including a new partnership with Amazon on grocery delivery.
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AnalysisIn the founder's footsteps: setting the direction when the trailblazer steps aside
Many retail businesses are intrinsically linked to and even defined by their founders, but what happens when it comes time for that person to stand aside? Retail Week looks at past successes and failures and what needs to be put in place to ensure the process goes smoothly.
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NewsMade.com to launch homewares marketplace as it eyes expansion
Made.com has begun beta testing a marketplace model to bring artisan brands on board.
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NewsCD&R wins backing of Morrisons pension trustees
Clayton, Dubilier & Rice have taken another step towards winning the race for Morrisons by agreeing a “comprehensive package” with the grocer’s pension trustees.
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NewsMade.com losses narrow as sales jump despite global freight issues
Made.com reported narrowing losses before tax for the first half, with gross sales and adjusted profits for the period offsetting global freight issues.
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NewsPrimark to showcase 80% of range on new customer-facing website
Primark is in the midst of building a customer-facing website, announced earlier this year.
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NewsPrimark profits to exceed last year despite fourth quarter sales hit
Primark owner ABF has said it expects full year profits to be ahead of last year, due to a reduction in labour overheads and lower store operating costs.
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NewsCouche Tard favourites should Asda owners look to sell EG Group
Canadian convenience store petrol station giant Couche Tard is seen as the favourite should Asda’s new owners look to sell off their forecourt empire.
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NewsInvestor builds ups stake in WHSmith with eye to international travel rebounding
Los Angeles-based activist investor Causeway Capital has boosted its stake in WHSmith amid hopes of a global bounce-back in travel.
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AnalysisAnalysis: Why Morrisons’ Potts is feeling Christmas cheer despite profit slump
Despite reporting a slump in profits for the first half of the year, Morrisons was bullish on its full-year profit guidance, saying it would be higher than the £431m it reported in exceptional circumstances last year.
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NewsMorrisons profits slide as supply chain ‘challenges’ bite
Morrisons has reported a slump in profits at the half-year mark as chair Andrew Higginson said the business had weathered a “variety of continuing challenges”, including supply chain disruption and driver shortages.