All City & finance articles – Page 162
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NewsBarneys accepts bid from marketing and entertainment company
Barneys New York has accepted a bid from an international brand development and marketing company after filing for bankruptcy in the summer.
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NewsForever 21 UK stores to commence £30m stock clearance sale
Forever 21 has commenced a £30m stock clearance sale from its three remaining UK stores, as its administrators look to wind up the business here.
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NewsShoe Zone revenues steadied by focus on big box stores
Shoe Zone has reported an uptick in revenues off the back of its ongoing focus on opening big-box format stores.
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NewsSports Direct appoints RSM as new auditor
Sports Direct has appointed RSM as its new auditor, succeeding Grant Thornton.
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NewsPoundland to move from ‘single’ to ‘simple’ pricing at all stores
Poundland is rolling out its ‘simple’ price proposition across its 840-strong store estate following a successful trial.
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NewsShop Direct losses spiral as PPI claims hit bottom line
Shop Direct has suffered widening pre-tax losses despite increased sales following an “unexpected surge” in PPI claims.
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NewsStore profit margins halved by soaring costs
Store-based profit margins have been decimated by rising costs over the last eight years, new research has shown.
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AnalysisAs WeWork, Farfetch and Eve Sleep flounder, is retail’s tech bubble about to burst?
With the travails of technology-based companies such as WeWork and Uber dominating business headlines across the globe, Retail Week looks at whether the UK retail market is trapped in its own tech bubble.
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NewsWickes third-quarter sales climb despite ‘uncertain market’
Wickes has posted a strong uplift in third-quarter like-for-like sales as parent company Travis Perkins says the retailer’s demerger from the group is “on track” for next year.
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NewsSports Direct pulls Goals Soccer Centres takeover bid
Sports Direct has retracted its bid for Goals Soccer Centres, which the retailer attributed to having received “limited” co-operation from the business on a possible takeover.
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AnalysisAnalysis: WHSmith takes off with transformational travel deal
WHSmith’s travel business should soar even higher following a landmark US deal.
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OpinionLeader: Never mind the carpets, WHSmith’s Clarke leaves the firmest of foundations
The state of WHSmith’s carpets might prompt mirth on social media, but there’s nothing shabby about the legacy of departing chief executive Steve Clarke.
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NewsWHSmith unveils $400m Marshall Retail acquisition as profits edge up
WHSmith is set to double the size of its international travel business with the acquisition of US travel chain Marshall Retail, as it unveiled full-year sales and profit growth.
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AnalysisAnalysis: How Asos plans to get back on trend
This time last year signalled the start of a very bumpy road for Asos. After a difficult autumn – a peak trading period – the unthinkable happened.
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NewsHome Bargains profits climb as it plans to double store footprint
Home Bargains’ full-year sales passed the £2.5bn milestone as the business ramps up for aggressive bricks-and-mortar expansion.
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NewsMatalan profits dampened by ‘awful’ spring weather
Matalan has suffered a drop in second-quarter profit as political uncertainty and “awful” weather during spring dented earnings.
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NewsQuiz laments ‘challenging’ market as store sales slump
Quiz has suffered a fall in sales during its first half as “very challenging” conditions on the high street impacted its top line.
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NewsAnalysis: Notonthehighstreet profits climb despite flat sales
Notonthehighstreet.com has recorded a jump in full-year operating EBITDA spurred by cost efficiencies as the business gears up for growth.
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NewsDunelm sales rise after ‘particularly strong’ first quarter
Dunelm saw both like-for-like and total sales increase in what it described as a “particularly strong” first quarter of trading.
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NewsN Brown back in the black as online powers growth
N Brown reported a return to profit in its interim results, citing its focus on ecommerce as one of the key reasons for its turnaround.