All City & finance articles – Page 335
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NewsBonmarché profits jump 55.3% as brand refresh wins over shoppers
Womenswear retailer Bonmarché reported a 55.3% jump in pre-tax profits to £12.4m despite a “challenging” second half of the year.
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VideoThe Retail Week: Boots, Apple Pay, Sainsbury's and Iceland results
News editor James Wilmore and executive editor George MacDonald discuss the top stories from the past seven days.
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NewsHome Retail boss bullish as fulfilment and tech expected to boost sales
Home Retail boss John Walden has shrugged off Argos’s poor first-quarter as he aims to focus on fulfilment and pushing 4K TVs.
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AnalysisHome Retail's first-quarter results: what the analysts say
Like-for-likes rose at Homebase but slid at flagship Argos amid challenging conditions. Here’s what the City had to say.
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NewsSales suffer at Argos, but Homebase like-for-likes up for Home Retail Group
Home Retail Group has warned it expects a “challenging” first half at Argos after revealing a 2.6% drop in first-quarter sales.
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NewsZara owner Inditex first-quarter net profits jump 28%
Inditex – owner of fashion chains Zara, Pull & Bear, Massimo Dutti and Bershka – has revealed a 28% rise in net profits for its first quarter.
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AnalysisAnalysis: Is Iceland right to shift focus away from simply price?
Frozen food is often unfairly seen as a downmarket option but Iceland is on a mission to shift perceptions as it seeks to halt a sales and profit decline.
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AnalysisSainsbury's first-quarter sales fall: What the analysts say
Sainsbury’s like-for-like sales fell 2.1% in the 12 weeks ending June 6 amid food price deflation and the ongoing supermarket price war.
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NewsBoohoo reports strong start to year as sales increase 35%
Boohoo.com has reported a 35% increase in total sales to £41.3m as the fashion etailer’s UK and international efforts pay off.
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NewsIceland boss says year was 'exceptionally challenging' as profits plunge
Iceland boss Malcolm Walker said it has been an “exceptionally challenging year” for the retailer following plunging like-for-likes and profits.
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NewsClarks full-year profits rise, but sales hit by discounting
Clarks has revealed a 1.4% rise in full-year pre-tax profits, but sales were hampered by “stiff trading conditions” in the UK and Ireland.
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NewsShoe Zone profits and revenue slip due to store closures and warm weather
Footwear specialist Shoe Zone’s half-year profits slipped 26% after a decrease in sales from store closures and unseasonable trading conditions.
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NewsSainsbury's first-quarter sales fall amid deflation and price competition
Sainsbury’s like-for-like sales fell 2.1% in its first quarter as bosses blamed food price deflation and the “highly competitive” marketplace.
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OpinionNick Bubb's verdict: Who you can trust for sales figures
Fingers are always pointed at the Office of National Statistics but the Confederation of British Industry seems to live on a different planet.
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NewsPark Group profits surge as corporate business outpaces consumer growth
Voucher specialist Park Group has recorded a surge in full-year pre-tax profits as corporate billings gain ground on its consumer business.
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OpinionNo better time than now for Morrisons’ Potts to put his foot on the pedal
The stars may be in alignment for Morrisons’ new leadership team to make a trolley dash for sales and gain ground on rivals.
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NewsPets at Home’s biggest shareholder to sell nearly half its stake
Pets at Home’s largest investor Kohlberg Kravis Roberts is to halve its stake in the business by selling 21.6% of the retailer’s shares.
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NewsNew Look to refinance debt to reduce interest costs
New Look is seeking to refinance £1bn of debt to reduce interest costs ahead of its acquisition by South African investment house Brait.
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OpinionAnalysis: Boots restructuring – the reasons behind the job losses
Boots today became the latest business giant to reveal plans to cut jobs as it aims to tackle the shifting retail environment.
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NewsMorrisons boss slashes prices of 200 everyday products
New Morrisons chief executive David Potts is to slash the price of 200 everyday products including bread, milk and butter.