All City & finance articles – Page 269
-
NewsTopps Tiles reveals fourth-quarter blip in otherwise strong year
Topps Tiles has posted increased like-for-likes at its pre-close update, but revealed that its like-for-like growth slowed during the fourth quarter.
-
NewsTesco profits fall but sales up as turnaround plans bear fruit
Tesco’s half-year sales have risen but pre-tax profits fell, while chief executive Dave Lewis unveiled plans to rebuild margins to 4%.
-
NewsForecourt retail giants merge and name ex-Asda boss DeNunzio chairman
Forecourts operator Euro Garages is to merge with continental counterpart EFR and has drafted in former Asda boss Tony DeNunzio as chairman.
-
NewsScS back in the black as profits spurred by strong sales
ScS has reported a return to profit as the retailer eyes further bricks-and-mortar expansion and sales at its House of Fraser concessions increase.
-
NewsLiam Gallagher’s Pretty Green reports soaring profits and sales
Menswear retailer Pretty Green’s full-year sales and profits rocketed in the year to September 30, 2015 and trading in 2016 has also been positive.
-
NewsWoolworths mulls selling petrol station chain as it refocuses on grocery
Australian grocer Woolworths is considering selling its petrol station forecourt business in a move that could net it A$1.5bn (£890m).
-
NewsCath Kidston sold to private equity group Baring Asia as chairman steps down
Lifestyle retailer Cath Kidston has been sold to private equity firm Baring Asia, and Asian expansion is at the top of the agenda.
-
OpinionOpinion: impact of the national living wage six months on
The introduction of the national living wage in April does not appear to have stifled the retail sector – at least not yet.
-
NewsWiggle sales rise but profits punctured by currency headwinds
Sports etailer Wiggle has reported rising sales in its last full-year but profits were hit as it was affected by currency movements.
-
NewsLakeland cooks up sales growth but pre-tax profits slump
Lakeland has posted a 40% decline in full-year pre-tax profits as the cost of expanding its warehouse in Cumbria offset growing sales.
-
NewsJack Wills sold to Liberty owner BlueGem as full-year profits tumble
Jack Wills founder Peter Williams has joined forces with Liberty department store owner BlueGem to acquire the fashion chain.
-
NewsTesco faces £150m claim from shareholders after accounting scandal
Tesco is facing legal action from a group of 60 shareholders who claim to have lost £150m following the grocer’s accounting scandal.
-
OpinionOpinion: Tesco has momentum but faces a pension-shaped reality check
If there was a chance of Tesco investors or its executive team getting carried away with recent momentum, this week could provide a reality check.
-
OpinionNick Bubb on Andy Street’s John Lewis legacy – sales good, profits bad?
Andy Street has been a brilliant and energetic leader of the John Lewis Partnership, but how strong will his legacy be?
-
NewsBrexit not deterring shoppers but household finances under pressure
The outcome of June’s referendum to leave the EU and the weakened pound has not yet had an impact on shopping behaviour, according to figures.
-
NewsH&M third-quarter profits hit by discounting and higher sourcing costs
H&M said its third-quarter profits were dented by increased discounting and higher purchasing costs triggered by a strong US dollar.
-
NewsHMV posts pre-tax loss as physical music and film sales slump
HMV has posted a full-year pre-tax loss of £8.8m after sales of physical CDs, films and games continued their decline.
-
VideoThe Retail Week: Sainsbury's sales fall, BHS.com and Tesco's half years
The team sit down to discuss the week’s news including Sainsbury’s second-quarter results, a new BHS and a look ahead to Tesco’s results.
-
NewsAgenda: Tesco, DFS, ScS and Dunelm post financial updates
Retail Week looks ahead to the next seven days in the industry with updates from Tesco, ScS, DFS and Dunelm all on the agenda.
-
NewsEast chief executive quits as owners Fabindia sell 80% stake
East boss Suzi Spink has quit the fashion retailer in the wake of its owners selling an 80% stake to a New York based investor.