All City & finance articles – Page 289
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OpinionOpinion: How bad is the retail sector’s productivity problem?
It is no secret that the UK economy has a productivity problem. What may come as a surprise is that the retail sector has actually fared better than most.
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NewsBHS expected to file for administration today as rescue effort fails
Struggling retailer BHS is expected to file for administration this morning, putting 11,000 jobs at the department store group on the line.
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NewsHouse of Fraser’s Chinese owner may sell stake to Hamley’s owner
Chinese tycoon Yuan Yafei, who controls Sanpower conglomerate, is considering offloading House of Fraser after acquiring the UK department store chain just two years ago.
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NewsCo-op chairman Leighton urges members to back turnaround by voting at AGM
The Co-op’s chairman Allan Leighton has issued a rallying cry to the mutual’s members to vote at its AGM as its turnaround plan continues.
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NewsAustin Reed files notice of intention to appoint administrator
Premium fashion retailer Austin Reed has filed a notice of intention to appoint an administrator, Retail Week can reveal.
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NewsUpdate: Battle continues to put BHS back on course
BHS chief executive Darren Topp has reacted angrily to industry speculation today that the retailer faced imminent administration.
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OpinionThis week in retail: Keep an eye on Boohoo for lessons in retail agility
Fashion etailer Boohoo posts full-year results on Tuesday – it’s a business worth keeping an eye on, and not just from a clothing retail perspective.
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NewsExecutive pay is damaging public confidence, UK bosses warn
A group of high-profile bosses that includes Sainsbury’s chairman David Tyler has claimed executive pay in the UK is “not fit for purpose”.
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VideoThe Retail Week: Changing the CCO role, Boohoo results and the living wage
This week we discuss the evolution of the chief customer officer, expectations for Boohoo and the ongoing arguments on the living wage.
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NewsConforama increases bid for Darty for a third time in frantic bidding war
Steinhoff-owned Conforama has increased its bid for Darty for a third time as it continues to wrestle with Fnac for the French retailer.
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NewsSteinhoff's Conforama outbids rival Fnac with increased offer for Darty
Steinhoff-owned Conforama has increased its bid for Darty as it wrestles with Fnac for control of the French electricals retailer.
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NewsPets at Home confident on full-year profits as fourth-quarter sales rise
Pets at Home has reported a 3.2% rise in fourth-quarter like-for-likes and said it expects full-year profits to meet expectations.
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NewsM&S overhauls womenswear teams to improve fashion performance
Marks & Spencer has restructured its womenswear teams as new chief executive Steve Rowe aims to revive the struggling clothing division, Retail Week can reveal.
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NewsWickes first-quarter sales rise as investment in range drives momentum
Wickes owner Travis Perkins has posted a jump in first-quarter retail sales as improvements in range drove “encouraging” trading momentum.
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NewsN Brown full-year profits hit by investment despite strong second-half
N Brown’s full-year profits have been dented by investment in its change programme, but its strategy bore fruit during the second half.
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NewsPrimark profits dip but sales rise at half-year mark
Primark’s profits have dipped as the value fashion retailer reported a rise in sales, blaming the drop in profits on the dollar.
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NewsBHS finance consultant to exit business after CVA deadline
BHS’s finance consultant and former Beales boss is to leave the business, one month after he helped the retailer navigate its CVA.
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OpinionOpinion: WHSmith – there’s more to its success than adult colouring books
‘Extreme’ dot-to-dot puzzles and adult colouring books helped stationery retailer WHSmith post a 10% interim profits rise.
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NewsAustin Reed bought out by Alteri Investors as it steps up turnaround
Austin Reed has been bought out by Alteri Investors less than a year after the firm provided a £6m loan to the struggling menswear retailer.
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AnalysisAnalysis: Carrefour's French troubles offset by international gains
Carrefour has delivered a decent set of first-quarter numbers this morning, achieving a rise in group like-for-like sales of 3.1%.