All City & finance articles – Page 2
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Opinion‘Walmart’s unfashionable focus on long service creates long-term value’
Walmart’s chief executive succession doesn’t fit the common view that fresh blood and multi-company experience trump a career spent in one place, observes George MacDonald
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NewsWalmart to move share listing to Nasdaq in reflection of importance of tech
Retail giant Walmart is to move its share listing from the New York Stock Exchange to Nasdaq.
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NewsCo-op unveils new investment commitment to create thousands of new apprenticeships
The Co-op has committed to investing £70m to creating 7,000 new apprenticeships at the retailer by 2030, which it said will open doors for “underrepresented groups”.
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NewsAsda agrees sale and leaseback arrangement for stores and depot
The grocer has today [November 20] announced it has reached a £568m sale and leaseback agreement with two separate investment firms.
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NewsDr Martens sees full-price and DTC sales improve
Dr. Martens has posted an improved sales performance in the first half as its new strategy beds in, driving more full-price and direct-to-consumer sales.
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NewsJD Sports warns unemployment and volatile sentiment could impact sales
JD has warned markets that its profits will be among the lower end of market expectations due to rising unemployment and volatile customer sentiment among its core demographic.
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NewsHobbycraft reports ‘strong trading’ after loss-making year
Specialist retailer Hobbycraft is now in a position to “prosper” after previously suffering a fall in annual earnings, Retail Week can reveal.
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NewsConsumer confidence tumbles amid Budget fears
Consumer confidence took a tumble this month amid growing speculation about possible tax rises in the upcoming Budget, the British Retail Consortium reported.
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AnalysisThe City’s verdict as Kroger shutters Ocado fulfilment centres in the US
Is the end nigh for Ocado’s blue ribbon international agreement with Kroger? City analysts seem to think so, after Kroger announced it would be closing three of them overnight.
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AnalysisExplainer: What are the implications of WHSmith’s US accounting blunder?
WHSmith chief executive Carl Cowling has resigned after six years at the helm following an investigation into an accounting error at the flagship US business. Retail Week explores the significance of the latest developments
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NewsMulberry cuts losses as turnaround strategy beds in
Mulberry’s half-year report showed the retailer had slashed its losses despite a dip in revenue as it continues its turnaround plan: “Back to The Mulberry Spirit”
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NewsWHSmith boss resigns following accounting investigation
WHSmith group chief executive Carl Cowling has stepped down from his role after an accounting investigation.
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NewsOcado shares tumble following Kroger fulfilment centre closures
Ocado shares dropped around 16% on Tuesday after US partner Kroger announced the closure of three warehouses.
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NewsBuy It Direct CEO hits out at CMA approach to investigation
Nick Glynne, chief executive of Appliances Direct owner Buy It Direct, has said the Competition and Markets Authority “is wrong to name our business without giving us sufficient time to respond” to its latest investigation.
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NewsSuperdry appoints new CFO
Superdry has appointed Nic Shaw as its new chief financial officer, strengthening its leadership team as it enters the next phase of its turnaround strategy.
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NewsDFS sees order uplift in upbeat start to new financial year
DFS has recorded a “positive start” and a boost to orders across the beginning of its new financial year.
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NewsKim Kardashian eyes stores as Skims reaches £2.93bn valuation
The brand founded by reality star Kim Kardashian has reached a $5bn valuation.
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Opinion‘B&M may not shoot the lights out this Christmas, but next may be more important’
A renewed emphasis on retail detail under new leadership may help B&M in the longer term after a lacklustre start to this year’s golden quarter, says George MacDonald
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NewsAsos cuts interest rates in new refinancing deal
Asos has secured new refinancing worth nearly £238m in a deal that will slash its interest rates by £5m each year.
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NewsMarks Electrical CEO sees green shoots despite falling profits and revenues
Marks Electrical profits and revenues have fallen after the retailer focused on “repositioning its inventory” in the first half, but its chief executive sees signs of recovery after returning to profitability in October.