All City & finance articles – Page 233
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NewsWyevale close to refinancing debt after losses mount
Wyevale Garden Centres is close to securing new funding that will put it on a stronger footing after racking up losses of around £100m last year, Retail Week understands.
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NewsToday in retail: DFS and Sofology cosy up
It’s fast becoming a week of deals in the retail sector, with consolidation seemingly the order of the day.
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NewsYoox Net-a-Porter profits climb in first half
Yoox Net-a-Porter has reported a rise in sales and earnings in the first half of the year.
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NewsNext full-price sales edge up in second quarter
Next has posted a 0.7% rise in full-price sales in the second quarter, helped by warm weather.
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OpinionOpinion: Asda – is this the long-awaited nadir?
As Asda pre-tax profits plummet 18.8%, is this rock bottom for the grocer? Ged Futter fears not.
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NewsAsda suffers full-year profits and sales slump
Asda’s full-year performance fell “behind expectations” as the struggling grocer’s profits and like-for-like sales declined.
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NewsWickes owner Travis Perkins profits dip as headwinds hit
Travis Perkins’ profits slipped in its first half, during which the group was impacted by weakening housing transactions and consumer confidence, as well as cost inflation.
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NewsApple sales boosted by its burgeoning services arm
Technology giant Apple said its services division, including Apple Pay, the App Store and Apple Music, helped drive sales in its third quarter.
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AnalysisWhat the Morrisons-McColl’s deal means for grocery M&A
Morrisons’ surprise deal to supply convenience specialist McColl’s took the grocery wholesale and retail world by surprise today.
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NewsMorrisons pens ‘ground-breaking’ McColl’s supply deal
Morrisons has penned a lucrative wholesale deal to supply McColl’s convenience stores and newsagents across the UK.
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NewsBooths to undergo review after struggling with loans
Booths will undergo a financial review after nearly breaching its loan terms, which may result in its owners making a one-off payment to retain independence.
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OpinionOpinion: Amazon profit drop is only bad news for rivals
While many other retailers are bumping along the bottom in terms of growth, Amazon increased its sales line by almost a quarter.
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AnalysisRoundtable: Invest despite Brexit woes, say retailers
Regaining shopper trust and investing in staff and skills should be top of the agenda for retailers as we prepare for a post-Brexit future.
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NewsConsumer spending power down across Britain
Discretionary spending power has shrunk across three-quarters of the UK, according to the Asda Income Tracker.
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NewsMatchesfashion.com owners explore sale options
Matchesfashion.com’s owners are reportedly exploring potential sale options, hunting for advisers to manage the process.
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NewsAgenda: Next and Wickes owner Travis Perkins update
Retail Week looks ahead to the next seven days, with financial updates from Next and Wickes owner Travis Perkins both on the agenda.
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NewsSports Direct ups French Connection stake to 27%
Sports Direct has increased its stake in French Connection to 27% after snapping up shares from two of the fashion chain’s activist investors.
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NewsBonmarché sales advance as turnaround bears fruit
Bonmarché unveiled an increase in both online and store sales in its first quarter as the fashion retailer’s new strategy began to pay off.
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NewsToday in retail: American Eagle flies away home
Merely three years after hatching its UK business, American Eagle is spreading its wings and flying away home.
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NewsMySale profits jump as customer numbers increase
Online flash sales business MySale has registered a jump in full-year earnings, driven by a spike in customer numbers and gross margin gains.