All City & finance articles – Page 245
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NewsScalpel or axe? How retailers should seek to streamline
As the likes of Tesco, John Lewis, Sainsbury’s and Asda streamline their cost bases, Lawrence Hutter explores the departments where retail’s axe is likely to fall.
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NewsCard Factory sales spike amid store expansion plan
Card Factory has posted a jump in like-for-like sales during its first half as the business presses ahead with a drive to broaden its proposition.
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NewsScS like-for-likes slip against ‘tough comparatives’
In a pre-close update, ScS said order intake slipped 0.7% on a like-for-like basis in its full year as it came up against tough comparatives.
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NewsCath Kidston profits jump as international arm blooms
Cath Kidston’s full-year profits surged as “essential Britishness” struck a chord with shoppers in its overseas markets.
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OpinionTen years on, credit crunch lessons still apply
Ten years ago today, August 9, 2007, “the world changed”.
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NewsWhite Stuff profits drop in 'a year of investment'
White Stuff has posted a drop in earnings following “a year of investment” into its store expansion plan.
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NewsPets at Home sales rise driven by services arm
Pets at Home has posted a sales upswing as its veterinary services drove growth in what boss Ian Kellett hailed as a “strong” first quarter.
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NewsSports Direct investors desert Ashley-owned firm
Sports Direct’s independent investors are deserting it, as some suspect the retailer may never resolve its corporate governance crisis.
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NewsAgenda: Pets at Home and DFS update the market
Retail Week looks ahead to the next seven days, with updates from Pets at Home and DFS on the agenda.
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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.