All City & finance articles – Page 2
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NewsCo-op chief executive steps down as c-store specialist swings to a loss
The group chief executive of the Co-op, Shirine Khoury-Haq, has stepped down from the business, as the retailer plunged to a loss following last year’s cyber attack.
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NewsCurrys chief executive to step down following eight years at the helm
Currys chief executive Alex Baldock will step down from his role after eight years as boss to take on a new external position.
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FeatureShein and Temu: can retail ever be the same again?
The ultimate disruptors, Shein and Temu, have built empires on being ultra-cheap, with traditional high street players left to pay the price. Retaliation from new regulators and customs officials is just around the corner, but after changing what Brits think products are worth, will the industry ever go back to normal?
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NewsMorrisons sales jump as supermarket hails ‘much improved’ Christmas
Supermarket giant Morrisons has delivered like-for-like and total sales growth for the first quarter, following a “much improved” Christmas trading period.
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NewsAsos improves profitability as turnaround takes hold
Asos has reported an almost 50% jump in its underlying profitability for the first half of its financial year.
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Chart of the WeekCharts of the Week: ‘Awful April’, Iran war and the cost of living
April is upon us. The time when businesses and government bodies typically reserve the right to up the price of bills, whether that is because of inflation, upgrades or shoring up their finances.
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NewsBRC welcomes government decision to crack down on late payments
The BRC has welcomed a decision made by the government to introduce new measures on late payments for small businesses.
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NewsUK retail sales fall by most since March 2020
UK retail sales in the month of March tumbled by the most since April 2020, and the closure of the majority of non-food shops during the first weeks of the Covid-19 pandemic.
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NewsEstée Lauder in merger talks with Spanish giant Puig
US cosmetics giant Estée Lauder is discussing a potential merger with Spanish company Puig, which owns fragrance brands such as Rabanne and Jean Paul Gaultier.
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NewsKingfisher profits soar as it makes ‘rapid strategic progress’ across its brands
Kingfisher has upgraded its profit guidance for the year as it posted both profit and sales growth and said it made “rapid progress against our strategic priorities” across its stable of brands.
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NewsNew boss named to lead Debenhams brand to ‘next stage of growth’
Online retail group Debenhams has appointed a managing director of its eponymous brand to accelerate growth at the flagship division, Retail Week can reveal.
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NewsMajestic Wine owner draws up sale plans
Investor Fortress is considering selling specialist retailer Majestic Wine, having owned it since 2019.
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NewsThe Works shuts down ecommerce website with immediate effect
The Works has announced that it has shut down its ecommerce site, moving instead to a non-transactional channel with “immediate effect”.
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Opinion‘Next will set the tone on retail’s prospects when it reveals results as war rages’
Fashion powerhouse Next reports soon. The industry will look to chief executive Lord Wolfson for his views on prospects as war unsettles the global economy, says George MacDonald
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NewsDFS brand partnerships reach ‘record sales levels’
The sofa and bed specialist increased both revenues and profits in the first half of its 2026 trading year.
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NewsUK consumer confidence sees biggest monthly drop since lockdown
Nearly two-thirds (63%) of the UK public expect the economy to worsen over the next six months.
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NewsMoonpig anticipates strong full-year performance
Online cards specialist Moonpig has reported “continued strong profit performance and cash generation”.
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AnalysisWith another rescue bid in the offing, does Claire’s deserve saving?
Embattled fashion accessories retailer Claire’s was thrown another potential life ring this week when the brand’s European owner revealed he was in talks to acquire its UK stores business.
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NewsWickes chief executive: 'All areas of the business are in growth'
Wickes has reported a stronger than expected rise in annual profits and plans to significantly accelerate its store expansion plans.
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NewsEntrepreneur Theo Paphitis’ Boux Avenue and Ryman post profits rise
Retail tycoon Theo Paphitis’ Boux Avenue fashion and Ryman stationery businesses have notched up full-year earnings increases as improvement strategies paid off, Retail Week can reveal.