All City & finance articles – Page 386
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NewsSir Stuart Rose to leave Blue Inc as it gears up for flotation
Sir Stuart Rose is to step down as chairman of young fashion chain Blue Inc ahead of the retailer’s imminent stock market flotation.
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NewsWickes generates 'strong' sales in first quarter
Travis Perkins’ consumer division, largely comprising Wickes, delivered “strong” sales in the first quarter.
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OpinionComment: Will investors greet Card Factory as it heads to market?
Greetings card specialist Card Factory this week invited investors to sign up to its IPO as it became the latest retailer to head to market.
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NewsSports Direct slams shareholders for rejecting Ashley's bonus
Sports Direct has hit out at shareholders for rejecting Mike Ashley’s bonus scheme as profits jumped in its fourth quarter.
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NewsPrimark to launch into the US with first store planned for 2015
Primark is set to launch into the US with its first store in Boston as it revealed a 26% operating profit increase in its first half.
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NewsThe Co-op to accelerate price-cuts as it bolsters convenience appeal
The Co-op’s food business is to unveil a round of price-cuts in the latest phase of its strategy to revive the retailer and exploit its convenience appeal.
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NewsSofa.com profits surge 48% as sales jump 20%
Sofa.com has reported a 48% rise in adjusted EBITDA to £5.3m for the 12 months to 28 February.
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AnalysisAnalysis: Is it curtains for The Co-op unless it reforms?
As the Co-operative’s interim boss Richard Pennycook unveiled of The Co-operative’s catastrophic £2.5bn loss he took the opportunity to urge boardroom reform at the beleaguered mutual.
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InterviewQ&A: Debenhams boss Michael Sharp on multichannel and reducing promotions
Debenhams this week revealed it is revising its promotional strategy as first-half profits plunged owing to excessive discounting. Retail Week speaks to boss Michael Sharp.
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NewsCo-op reports 'disastrous' year as losses balloon to £2.5bn
Crisis-hit Co-operative Group has reported a group comprehensive loss of £2.5bn after a “disastrous” year.
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NewsMulberry issues another profit warning and cautions on future earnings
Luxury brand Mulberry has issued another profit warning after incurring charges on stores and the departure of its chief executive.
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AnalysisAnalysis: Tesco's UK turnaround – an update on its progress
Tesco revealed its profits plunged in its full year results this morning. Retail Week looks into how chief executive Philip Clarke’s UK turnaround has progressed two years in.
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AnalysisTesco full year results: What the analysts say
Tesco has reported a 6% drop in annual group trading profit as boss Philip Clarke warned that the trading environment is changing rapidly. Retail-week.com summarises the analyst reaction.
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NewsTesco boss Philip Clarke: 'I’m going to see this thing through'
Tesco chief executive Philip Clarke said he is determined to see through the turnaround of Tesco and vowed the grocer will emerge as a leader once again.
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NewsBurberry like-for-likes up 12% but warns exchange rates will hit profits
Burberry retail like-for-likes jumped 12% in its second half but the retailer sounded caution over the impact of exchange rates on profits.
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NewsBreakfast briefing: Retail news on Tesco and Burberry
Retail news round-up on April 16, 2014: Tesco profits fall as trading environment ‘changes more rapidly than ever before’ and Burberry second half sales rise.
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NewsVideo: Tesco chief executive Philip Clarke on the grocer's full-year profits fall
Tesco reported a fall in full-year profits today. Here, chief executive Philip Clarke talks about the results.
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NewsTesco profits fall as trading environment changes 'more rapidly than ever'
Tesco’s group trading profit plunged 6% to £3.3bn last year and boss Philip Clarke warned that the trading environment is changing rapidly.
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OpinionComment: The UK needs to engage with significant parts of the EU agenda
With the European Parliamentary elections looming, it is important to realise the value of Britain’s involvement in EU policy decisions.
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AnalysisDebenhams half-year figures: What the analysts say
A flurry of promotions hit Debenhams’ half year results, with the department store group reporting a 24.5% fall in pre tax profit. Retail Week rounds up what the analysts are saying.