All City & finance articles – Page 392
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NewsTesco investors line up potential successors to boss Philip Clarke
Tesco investors have lined up potential successors to boss Philip Clarke, naming Monsoon Accessorize boss John Browett as one possibility.
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OpinionComment: The Co-operative Group needs to tame its unwieldy nature
Last week the Co-operative Group came under the spotlight again as Lord Myners, the man brought in to reform the businesses, resigned.
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NewsBonmarché sales driven by product and customer service improvements
Bonmarché recorded a strong sales uplift, despite the wet weather at the beginning of the year, as a result of improvements across product and customer service.
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NewsNext chief executive Lord Wolfson takes home £4.65m
Next chief executive Lord Wolfson took home £4.65m including a £3.6m bonus in the fashion retailer’s last financial year.
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NewsKurt Geiger eyes UK growth as it completes management buyout
Kurt Geiger is targeting UK growth after completing a management buyout and splitting from its owner The Jones Group.
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NewsBonmarché full-year sales jump driven by online surge
Bonmarché like-for-likes rose 10.4% in its full-year to March 29 as it revealed its financial performance is expected to be ahead of expectations.
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NewsMothercare aims for more exclusives as finance director rules out move to chief executive role
Mothercare aims to woo shoppers with more exclusive products and finance director Matt Smith has ruled himself out from the race to become chief executive.
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OpinionComment: Little sign that M&S general merchandise can match food excellence
Marks & Spencer set out a new framework for apparel last year, built around a quality charter for customers, but has it worked?
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NewsM&S Collection's success shows clothing moving in right direction, Bolland says
Fashion improvements and in-store changes helped Marks & Spencer post an increase in clothing like-for-likes in the fourth quarter, chief executive Marc Bolland maintained.
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NewsAo.com unveils 40% growth in full year sales
Ao.com has confirmed that it finished its year to March 31 in line with market expectations with unaudited sales growth of 40%.
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NewsMothercare UK like-for-likes flat as worldwide sales dip
Mothercare group network sales dipped 2.5% in its fourth quarter as its UK business showed some improvement with flat like-for-likes.
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NewsWHSmith first half profits rise as cost-cutting continues
WHSmith pre-tax profit rose 3% to £69m despite like-for-like sales falling 4% in its first half as cost saving continues at the business.
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NewsMarks & Spencer like-for-likes flat but clothing sales improve
Under-pressure Marks & Spencer reported flat like-for-likes but its clothing performance picked up over the fourth quarter.
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OpinionComment: Retailers should make sure the price is right this Easter
The coming weeks are important shopping periods, retailers need to take care not to use misleading pricing techniques to shift units.
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AnalysisAnalysis: What game is Mike Ashley playing by acquiring a House of Fraser stake?
Sports Direct boss Mike Ashley is a man that surprises the City like no other and at the weekend he did just that by acquiring an 11% stake in House of Fraser from Scottish retail entrepreneur Sir Tom Hunter.
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OpinionComment: Will McIlwee's exit prompt a restructure of the board at Tesco?
The departure of Laurie McIlwee from Tesco is symptomatic of a business that is not at ease with itself. To perform better, Tesco needs to be at ease with its strategy and direction, united and comfortable, with the right people executing its plans.
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NewsInfographic: John Lewis sales up 5.9% as warm weather boosts shopping
John Lewis sales rose 5.9% in the week to March 29 as shoppers basked in warm weather and bought gifts for Mother’s Day.
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AnalysisAnalysis: The top 10 fastest-growing retailers in the UK, 2014
The second annual Zolfo Cooper Growth Retailer Report, produced in association with Retail Week, highlights the businesses that have excelled in increasing profits in the UK.
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NewsHigh street 'unexpected winner' as it remains resilient in face of administrations
High streets have emerged the “unexpected winners” after retail parks and shopping centres suffered more as a result of the 27 biggest administrations since 2009.
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