All City & finance articles – Page 172
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NewsJack Wills set for cash crunch after poor trading
Struggling fashion retailer Jack Wills is heading towards a cash crunch after burning through cash injections from its private equity owner BlueGem.
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NewsAgenda: Sainsbury’s and The Hut Group update the market
Retail Week looks ahead to the next seven days with updates from Sainsbury’s, The Hut Group and The Works on the agenda.
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NewsConsumers braced for ‘turbulence’ as confidence slides
Consumer confidence registered declines across all measures this month as shoppers’ concerns regarding their personal finances increased.
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NewsSuperdry postpones results after boardroom exodus
Superdry has announced it will delay posting its full-year results following “recent management transition”.
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NewsDay turns screw on Bonmarché by imposing offer deadline
Philip Day, owner of the Edinburgh Woollen Mill Group, has put a deadline on his his offer to buy Bonmarché over concerns about its ability to operate as a going concern.
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NewsKaren Millen owner to kick off takeover talks with bidders
Karen Millen’s parent company Kaupthing has launched an auction for the fashion chain, with formal talks with bidders to kick off in the coming days.
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NewsBoots third-quarter sales slide as retail arm suffers
Walgreens Boots Alliance has recorded a decline its third-quarter profits as the performance of its international arm was dragged down by Boots’ falling sales.
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NewsThe Hut Group makes first foray into bricks and mortar in Manchester
The Hut Group has completed the purchase of a building that formerly housed a Jamie’s Italian restaurant in Manchester, marking its first move into bricks-and-mortar retail.
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NewsBonmarché shareholder ‘disgusted’ by Day bid U-turn
One of Bonmarché’s largest shareholders has lashed out over the fashion retailer’s U-turn on a £5.7m takeover bid by billionaire Philip Day.
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NewsBonmarché in Day offer U-turn as ‘poor’ trading continues
Bonmarché’s board has said that poor trading during the first quarter means the offer made by Philip Day looks “more attractive”, despite not having been improved.
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NewsNew Look celebrates return to ‘underlying profitability’
New Look is back in the black on an underlying basis after its turnaround programme bore fruit.
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NewsCarpetright reports ‘year of two halves’ as turnaround continues
Carpetright has posted reduced annual losses and said there has been strong like-for-like growth in the new financial year.
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NewsEdinburgh Woollen Mill suffers profit fall
Edinburgh Woollen Mill Group has posted a decline in full-year profits as it confronted challenging trading conditions.
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NewsCarrefour sells China business to Suning.com
Carrefour has become the latest big Western retailer to beat the retreat in China after agreeing to sell its business there.
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NewsGame advises investors to accept Sports Direct offer
Directors of computer entertainment retailer Game have advised shareholders to accept a takeover offer from Mike Ashley’s Sports Direct that values the business at £51.9m.
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NewsAgenda: Carpetright and Gear4Music update the market
Retail Week looks ahead to the next seven days with updates from Carpetright and Gear4Music on the agenda.
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NewsAshley calls for Goals Soccer Centres boardroom cull
Sports Direct boss Mike Ashley has called for a Goals Soccer Centres boardroom cull due to “the perceived lack of transparency” in its ongoing accounting crisis.
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AnalysisTesco: How Lewis will untap new growth opportunities
As Dave Lewis’ turnaround of Tesco nears completion, he is turning attention to new growth opportunities. Retail Week looks at where he is focusing his energy.
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AnalysisAnalysis: How Dixons Carphone plans to regain signal
As Dixons Carphone unveils a sharp decline in preliminary profits, chief executive Alex Baldock explains his plans to “stop the bleeding” and transform the struggling business
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NewsJD.com hits record $29.2bn sales in 6.18 shopping festival
Chinese ecommerce titan JD.com made a record-breaking $29.2bn (£23.2bn) in sales during its annual 6.18 shopping festival, bolstered by orders from smaller cities.