All City & finance articles – Page 12
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NewsFrasers rides to the rescue of children’s bicycle-maker
Frasers Group has continued its spending spree by riding to the rescue of children’s cycle-maker Frog Bikes.
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Chart of the WeekUnlocking volume growth is retail’s key challenge
A new report makes clear the challenge for UK retail, fighting for volume growth in a market where people are buying less
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NewsCard Factory performance impacted by slow high street footfall
Card Factory has posted an increase in full-year sales, but reported slow high street footfall had impacted its performance.
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InterviewAuralis boss David Butler: the man with an investment plan for ‘unloved’ British brands
Retail Week sits down with Auralis and Weird Fish chief executive David Butler to discuss his ‘investment thesis’ for the buy-and-build holding company and why he believes his operating model is the answer to unlocking value in under-invested and under-loved British heritage brands.
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NewsJD Sports chair quit after failed push to remove CEO – reports
Andy Higginson quit his chair position after the board failed to back a move to remove Régis Schultz, according to a report in the FT this morning.
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Opinion‘Primark will need to face down short-termists when it goes public’
If ever there were businesses that took a long-term view, they’re Primark and parent ABF. As they prepare to demerge, it will be vital that mindset is not jeopardised by the often short-term attitudes of the public market, says George MacDonald
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AnalysisAsos pierces war gloom with ‘green shoots’ update
As Asos pushes on with its turnaround, boss José Antonio Ramos Calamonte was able to report the first monthly increase in new customers for five years, and changes made to sourcing mean there has been no war hit so far
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AnalysisSainsbury’s boss joins chorus of retailers warning on Middle East war impact
While delivering another strong set of results, Sainsbury’s boss Simon Roberts was cautious about the effects of the ongoing war and called on the government to do more to stamp out rising prices.
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NewsSainsbury’s in consultation with Tu clothing staff ahead of restructuring
Sainsbury’s is currently in consultation with Tu clothing staff about a reshaping of its fashion business that will lead to job cuts, Retail Week understands.
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NewsAsos shows ‘topline improvement’ as losses narrow and customer base grows
Asos has reported early signs of “topline improvement” as its losses narrow, and it has grown new customers.
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NewsWHSmith revenues rise but it warns of Middle East impact on summer travel
WHSmith saw its revenue rise across the business, but it is cautious about the outlook as conflict in the Middle East is set to disrupt summer travel.
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NewsSainsbury’s ‘outperforms market’ as sales continue to grow
Supermarket Sainsbury’s has said it has “outperformed the market” for six years in a row as it reported rising sales.
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NewsWeird Fish owner Auralis makes bid to bag Radley
The owner of lifestyle brand Weird Fish has made an offer to acquire British handbag brand Radley, Retail Week understands.
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NewsTesco unveils £750m share buyback scheme
Grocery giant Tesco has launched a share buyback scheme in a bid to reduce its share capital.
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NewsJD Sports chair Andy Higginson to step down
JD Sports has confirmed that chair Andy Higginson will be stepping down from the retailer in the summer.
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NewsWaterstones owner taps banks ahead of potential London float
Waterstones is close to appointing several investment banks to help oversee a float on the London stock exchange that would value the retailer at approximately £2bn.
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NewsTHG reports ‘strong start’ to year as beauty sales rise
Online group THG has reported what it described as its best first quarter for sales growth since Covid.
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NewsPrimark profits fall as parent ABF presses button on demerger
Fashion giant Primark is to be demerged, owner ABF has confirmed, as the retailer posted a fall in first-half earnings.
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NewsThe Entertainer strikes funding package ‘ensuring growth momentum continues’
Toy specialist The Entertainer has arranged a new agreement with its bank, providing it with “financial firepower” for further investment in growth.
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NewsMulberry returns to sales growth as turnaround takes effect
Mulberry has returned to sales growth across all its channels, driven by a strong momentum in the second half and its ‘Back to Mulberry Spirit’ turnaround strategy.