All City & finance articles – Page 2
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AnalysisJohn Lewis Partnership interims: what you need to know as make-or-break H2 looms
First-half profits tumbled at the John Lewis Partnership, owner of the eponymous department stores and grocer Waitrose, but bosses are confident of a happier Christmas and full year
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Chart of the WeekUK retailers talk more about energy costs than sustainability for the first time since 2017
2026 could be the first year since 2017 that energy costs have been mentioned more times in UK retailers’ earnings calls than sustainability, according to AlphaSense data
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NewsLK Bennett owner to receive £3m in fees following rescue deal
LK Bennett owner Gordon Brothers is set to receive some £3m in consultancy and stock clearance fees, after acquiring the business out of administration earlier this year.
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AnalysisDunelm boss kicks off new strategy with job cuts and range rationalisation
Dunelm boss Clo Moriarty has unveiled a new three-year strategy to shift the dial on stubborn pre-tax profit growth. Retail Week spoke to her to discover what the strategy means for the retailer and why it’s starting with job cuts and range rationalisation.
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NewsThe Works accused of swaying shareholder vote in fallout
The Works has been accused of attempting to sway a shareholder vote at its AGM by an activist investor.
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NewsDunelm posts sales rise and embarks on 'bigger, better, bolder' strategy
Dunelm’s chief executive has set out a new “disciplined, bounded and self-funded” strategy to strengthen its position in the market.
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AnalysisWhy Sainsbury’s holds all the cards in any potential supermarket mega-merger
Rumours are swirling about potential grocery M&A, and bankers are on manoeuvres. Retail Week evaluates some of the proposals being floated, looks at who exactly is floating them and why Sainsbury’s is the name on everyone’s lips
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NewsDobbies back in the black as growth strategy kicks in
Garden centre group Dobbies has returned to profit in its latest financial year, Retail Week can reveal.
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NewsJohn Lewis Partnership aims to generate nearly £300m from loyalty schemes and retail media
The John Lewis Partnership is striving to generate nearly £300m in extra profit from both its loyalty schemes and retail media arm as it continues its turnaround.
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NewsCastore eyes up potential sale
Sportswear brand Castore is reportedly exploring a potential sale following interest from other industry players.
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NewsWatches of Switzerland hails ‘encouraging trading momentum’
Watches of Switzerland has hailed continuing “encouraging trading momentum” and reiterated its full-year profit guidance, ahead of its annual general meeting.
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NewsBRC urges chancellor to raise national insurance contribution threshold in Budget
The British Retail Consortium (BRC) has written to chancellor John Healey urging him to raise the employer national insurance contributions threshold in the autumn Budget.
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NewsSwift conclusion sought to Poundland sale process
Any sale of Poundland is expected to go ahead speedily, Retail Week understands.
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NewsLeading retailers warn Burnham that a Budget tax raid would hit jobs and investment
Some of retail’s biggest names, along with shopworkers’ union Usdaw, have written to prime minister Andy Burnham, voicing concerns over the possibility of further tax hikes in the forthcoming Budget.
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NewsBoden posts profit rise as US powers sales
Fashion retailer Boden has reported increased full-year profits and continued revenue growth in the current year, despite challenging conditions.
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NewsShein shares fall following Hong Kong IPO
Shares in online fashion giant Shein slid during early trading on its first day as a publicly listed company.
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NewsAsda back in sales growth for first time in two years
Asda has reported sales growth in both the second quarter and across seven weeks of current trading, marking a return to revenue growth for the first time in more than two years.
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AnalysisHas Asda’s turnaround finally turned a corner?
Asda is back in positive sales growth for the first time in two years. Does that mean the retailer is finally turning a corner in Allan Leighton’s turnaround plan?
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NewsOner Active appoints first ever chief financial officer
Women’s activewear brand Oner Active has appointed its first ever chief financial officer.
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Chart of the WeekCharts: Primark cuts gap with Shein on prices
While Shein has lost its advantage in the US as a result of the de minimis loophole being closed, price competition in the UK market remains fierce without government intervention.