All City & finance articles – Page 4
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NewsABF ‘expected’ to make Eoin Tonge permanent Primark CEO
The interim boss of Primark, Eoin Tonge, is to be appointed in a permanent capacity next month, it has been reported.
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NewsModella’s TGJones appoints new chief executive
The chief executive of TGJones is leaving less than a year after the sale of the renamed WHSmith high street division, Retail Week can reveal.
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NewsJD Sports unveils £200m share buyback scheme
JD Sports has launched a share buyback scheme in a “commitment to continue delivering significant cash returns to shareholders”.
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NewsWalmart delivers strong sales growth over festive period
Walmart has delivered another strong quarter, with sales over the key holiday period rising nearly 6% and its earnings surpassing Wall Street’s expectations.
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Chart of the WeekChart of the Week: Modella drives acceleration in private equity retail M&A
It feels like the number of private equity acquisitions has sped up in the past few years, with some big high street names involved.
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NewsDebenhams generates £40m in ‘upsized’ fundraise
Online retailer Debenhams recently announced that fundraising has generated gross proceeds of approximately £40m after being oversubscribed.
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NewseBay snaps up secondhand fashion app Depop from Etsy
Online marketplace Etsy is to sell its secondhand fashion platform, Depop, to ecommerce giant eBay.
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AnalysisWhat this week’s inflation rate fall means for retailers
Stubbornly high inflation that led to the cost-of-living crisis and undermined confidence is showing signs of easing. This will be welcome news for retailers, but they still face consumer uncertainty this year
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NewsDebenhams planning to fundraise £35m as it continues turnaround plan
The retailer is seeking further liquidity as it attempts to reduce its debt-to-profit ratio.
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NewsOak Furnitureland cuts losses as it hails ‘turning point’ for the business
Oak Furnitureland said it has made “significant strategic and operational progress” after cutting losses and boosting sales over the last seven months.
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NewsRussell & Bromley losses nearly doubled in run-up to collapse
Russell & Bromley’s losses almost doubled in the year leading up to its collapse last month, as falling sales and rising costs weighed on the brand’s bottom line.
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NewsThe Very Group secures long-term funding
The Very Group has extended and renewed its key debt facilities to secure long-term funding to power the business.
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NewsShopify sales and profits rise as it plans to ‘supercharge’ AI
Ecommerce platform Shopify has seen an increase in revenue and profit for the fourth quarter and full year, as it turns its attention to AI.
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NewsUnder Armour ‘encouraged’ by turnaround progress despite losses
Under Armour saw its losses deepen during its third quarter, which it blamed on higher tariffs, pricing headwinds and turnaround costs.
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InterviewDunelm’s new CEO is settling in at the Home of Homes
Four months into her tenure, the chief executive of Dunelm Clo Moriarty has done more than just get her feet under the desk. She talks to Retail Week about why she’s “extremely confident in the future of the business”
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NewsDunelm hails ‘solid first half trading’ despite dip in profits
Homewares retailer Dunelm enjoyed “solid first half trading” despite profits dipping in what it called a “challenging environment”.
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NewsThe Original Factory Shop collapsed into administration owing suppliers £9m
The Original Factory Shop collapsed into administration owing suppliers millions in unpaid-for stock and other debts, Retail Week can reveal.
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Opinion‘Walmart’s $1trn valuation shows retailers can make most of pace of tech change’
It can be dangerous to get carried away with share prices, but Walmart’s ascent is a testament to successful adaptation, believes George MacDonald
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NewsQuiz collapses into administration with over 100 jobs to be lost
Fashion retailer Quiz has collapsed into administration this afternoon (February 5), putting 565 jobs at risk.
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NewsAmerican Golf snapped up by Dragons’ Den star’s investment group
American Golf has today [February 4] been acquired by the investment group of Jessop’s owner and Dragon’s Den star Peter Jones for an undisclosed fee.