All City & finance articles – Page 176
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NewsShoe Zone posts flat sales and profits in first half
Shoe Zone has reported a “positive” first-half performance, when it held sales and profits firm, as it benefited from falling rents on store lease renewals.
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NewsHalfords suffers fall in full-year profits
Halfords has reported a decline in full-year profits as challenging trading conditions and the weather took a toll.
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NewsWHSmith chief executive Clarke to step down
WHSmith group chief executive Stephen Clarke is to step down in October, when he will hand over the reins to Carl Cowling.
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NewsTopps Tiles reports ‘robust’ first-half in tough climate
Topps Tiles has reported a fall in interim profits but said it has gained market share and has made an “encouraging start” to the second half of its financial year.
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NewsAshley considers legal challenge over Debenhams rescue plan
Sports Direct owner Mike Ashley is examining the possibility of launching legal action against Debenhams, after its controversial company voluntary arrangement was approved earlier this month.
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NewsCo-op signs Superdrug deal to supply own-brand food
The Co-op has struck a deal with Superdrug to supply own-brand food-to-go products as part of the health and beauty chain’s meal deals.
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NewsArcadia sales slump as Green mulls closing international arm
The poor financial state of Sir Philip Green’s Arcadia Group has been laid bare in documents sent to landlords ahead of an imminent company voluntary arrangement.
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NewsAgenda: M&S, Halfords and Mothercare update the market
Retail Week looks ahead to the next seven days with updates from Marks & Spencer, Halfords and Mothercare on the agenda
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OpinionOpinion: Tacky ads won't help M&S reach £12bn food sales
Marks & Spencer has long been a tale of two halves, with grocery on a seemingly unstoppable run while clothing and home floundered.
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NewsMorrisons bosses give up £1m in bonus payments
Morrisons chief executive David Potts and finance boss Trevor Strain have handed back more than £1m in bonus payments linked to personal performance targets.
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NewsBurberry profits rise as transformation plan bears fruit
Burberry has posted an increase in full-year profits and hailed “strong progress” with its transformation plan.
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NewsJohn Lewis axes defined benefit pension scheme
The John Lewis Partnership is scrapping its defined benefit pension scheme as the group battles to cut costs.
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NewsAnalysis: Is there appetite for an Asda IPO?
Walmart International boss Judith McKenna told Asda staff at the grocer’s Leeds HQ that the business was “seriously considering” an IPO – but would the market bite?
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CartoonRetail cartoon: He's going to need a smaller boat
Patrick Blower’s take on Sir Philip Green sliding down the Sunday Times Rich List
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AnalysisProfile: Is Nick Jones the right man to keep Joules growing?
Former Marks & Spencer and Asda exec Nick Jones has been poached by fashion retailer Joules as its next chief executive. Retail Week analyses whether he’s the right man for the job
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NewsBritish Land retail portfolio value takes hit
Property giant British Land has reported a rise in rental growth, but the value of its portfolio has taken a hit.
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NewsMoss Bros' sales boost driven by ecommerce
Menswear retailer Moss Bros has recorded a sales rise despite facing tough trading conditions.
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NewsB&Q owner Kingfisher posts quarterly sales rise
DIY giant Kingfisher has posted a sales advance in its first quarter, when the UK business outperformed the French division.
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NewsWalmart's Judith McKenna: We're focused on Asda's future
Walmart International boss Judith McKenna has insisted the business is committed to driving Asda’s strategic plan following the collapse of its proposed merger with Sainsbury’s.
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NewsLandsec losses widen despite sales increase
Landsec recorded widening full-year losses against a backdrop of what boss Robert Noel described as “well-publicised difficulties in the retail market”.