All City & finance articles – Page 3
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NewsB&M profits slump as CEO shuffles leadership team
B&M profits plunged in the first half of the financial year, as the retailer’s new chief executive made sweeping changes to his leadership team.
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NewsMonsoon Accessorize appoints chief digital officer
Fashion retailer Monsoon Accessorize has recruited a new chief digital officer.
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NewsKenji secures new funding as it eyes international and store expansion plans
Retailer Kenji has struck a new funding deal with HSBC to support its acquisition of a new warehouse and to push forward with plans to open multiple new high street stores.
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NewsMarks & Spencer appoints BA boss to board
The chief executive of British Airways has been named a non-executive director of Marks & Spencer.
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NewsSuperdry enters ‘new chapter’ with brand refresh
Superdry has marked the start of a “bold new chapter” as it unveils a new brand identity following its return to profitability earlier this year.
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NewsMountain Warehouse founder takes back control
Mountain Warehouse founder and chief executive Mark Neale has taken back control of the outdoor clothing and equipment specialist.
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NewsThe Very Group confirms takeover by investment firm
The US private equity giant Carlyle is buying The Very Group, once known as Shop Direct, from previous owners the Barclay family
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Opinion‘Primark has been good for the Westons – but the Westons have been good for Primark’
The Weston family’s stewardship of Primark has been exemplary. As a spin-off of the retailer from ABF is considered, their values should be maintained, says George MacDonald
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AnalysisSainsbury’s boss Roberts decks the halls with bumper profits as he looks towards Christmas
As Sainsbury’s upgraded its full-year profits to more than £1bn, chief executive Simon Roberts spoke about the consumer outlook heading into Christmas, what’s happening with the future of Argos, and the Budget.
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NewsBRC says government goals are ‘at odds’ with Keep Britain Working review
British Retail Consortium chief executive Helen Dickinson has said retail is built on “flexible, local jobs” and the government’s goals and policies are “at odds with one another”, in response to the publication of the Keep Britain Working review.
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NewsNo more M&S clothing-only boutiques likely following pilot
Marks & Spencer does not expect to open any more clothing-only branches following a trial branch, Retail Week can reveal.
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AnalysisM&S boss Machin on cyber attack recovery, Budget blues and Christmas prospects
Marks & Spencer’s chief executive Stuart Machin warned that Budget concerns are spooking shoppers, but was optimistic about Christmas as he steers the retailer forward after a devastating cyber attack.
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NewsMarks & Spencer ‘regaining momentum’ after cyber attack hits profit
Marks & Spencer is “getting back on track” after a devastating cyber attack sent first-half profits down, but its clothing division is recovering more slowly than its food business.
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Opinion‘Retail’s future health hinges on finding the right partners to solve industry challenges’
As retailers seek to transform their businesses and take advantage of new technology, more collaborative thinking is essential. That’s why Retail Week has launched Solutions Spotlight, explains Charlotte Hardie
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NewsThe Perfume Shop enjoys strong sales from new boutique concept
The Perfume Shop said its new Boutique concept stores have “exceeded expectations” following strong sales of niche scents.
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AnalysisThe City’s verdict after ABF mulls potential Primark decoupling
After Primark-owner Associated British Foods made the shock announcement this morning that it was weighing up spinning off Primark, Retail Week judges the City’s verdict.
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NewsABF considers spinning off Primark from wider business
Food and retail giant Associated British Foods has today announced it is undertaking a review of its group structure with an eye to possibly splitting up its Primark and food businesses.
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NewsSpecsavers reports record turnover as it looks to global expansion
Specsavers has reported record turnover and growing profits as it focuses on reinvesting in its store estate and expanding internationally, Retail Week can reveal.
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AnalysisBudget 2025: How proposed changes to NI, VAT and pensions could affect retailers and consumers
Retail Week has spoken to retailers, economists and analysts to try and piece together what the impact of the Budget could be on both businesses and consumers
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NewsAsda confirms sale of Leon to founder
Supermarket giant Asda has today (October 31) confirmed the sale of Leon Restaurants to former co-founder John Vincent.