All City & finance articles – Page 400
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AnalysisSainsbury’s third quarter: What the analysts say
Sainsbury’s today reported a 0.2% rise in like-for-like sales in the third quarter as the retailer experienced a flood of late shoppers. The City praised the performance against a tough market.
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NewsUpdated: Mothercare warns on profits amid 'highly promotional' Christmas conditions
Mothercare has issued a profit warning blaming the “highly promotional” Christmas environment and lower footfall impacting sales and margins.
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NewsSainsbury's like-for-likes edge up 0.2% over "best ever" Christmas
Sainsbury’s has reported like-for-likes were up 0.2% in its third quarter but still recorded its best ever Christmas.
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NewsTopps Tiles remains cautious despite first-quarter sales leap
Topps Tiles’ like-for-likes increased 9.3% in the 13 weeks to December 28.
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NewsDunelm second-quarter sales boosted by TV campaign and catalogue
Dunelm’s like-for-likes increased 2.9% in the second quarter boosted by its new catalogue and first TV ad campaign.
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AnalysisIn the news: Incoming Conviviality Retail chairman David Adams profiled
David Adams could be forgiven for shunning any thoughts of a dry January given his appointment this week as chairman of Conviviality Retail, owner of cut price off-licence chain Bargain Booze.
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NewsBargain Booze owner Conviviality appoints David Adams as chairman
Bargain Booze owner Conviviality Retail appoints former Jessops boss David Adams as its new chairman.
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AnalysisNext's Christmas trading: What the analysts say
Next has raised its profit forecasts after enjoying a bumper Christmas period driven as like-for-like sales rose 11.9% between November 1 and December 24. The City reacted positively.
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OpinionComment: A new year brings new opportunities for retailers
The New Year is often portrayed as an opportunity for a fresh start. As such, rather than focusing on the retail failures of 2013, why not take a look at the successes of some of last year’s more innovative retailers instead?
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NewsNext profit forecasts raised after bumper Christmas
Next has raised its profit forecasts after enjoying a bumper Christmas period driven by strong sales of Christmas jumpers and growth in its ecommerce arm.
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NewsDebenhams warns on profits as Christmas shoppers stay away
Department store group Debenhams has issued a profit warning after Christmas shoppers shunned the retailer.
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NewsPhase Eight owner cashes in through refinancing
Phase Eight owner private equity firm Towerbrook has laden the womenswear retailer with more debt so it can pocket a multimillion-pound payout.
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NewsBurberry and Sainsbury’s top takeover targets in 2014, says UBS
Retailers including Burberry and Sainsbury’s have been tipped as takeover targets next year by investment bank UBS.
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NewsBreakfast briefing: Retail news on Burberry, Sainsbury's, Waitrose, Phase Eight and Christmas footfall
Retail news round-up on December 30, 2013: Burberry and Sainsbury’s top takeover targets in 2014, says UBS, Footfall edges up in December as price cuts woo shoppers and Waitrose boss Mark Price questions future of supermarket loyalty cards.
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NewsShoppers to spend almost £3bn in Sales on December 27
Nearly £3bn is expected to be spent by UK shoppers in the Sales on December 27, according to estimates.
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NewsConsumer confidence falls for third consecutive month
UK consumer confidence slumped to its longest decline for three years after falling for a third straight month in December.
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NewsRetail analyst Andrew Kasoulis joins Morrisons
Senior Credit Suisse retail analyst Andrew Kasoulis has swapped the City for an investor relations role at Morrisons.
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NewsUnited Carpets profits up four-fold as restructure gains traction
United Carpets has recorded a four-fold profit increase in its half-year as its restructuring programme makes progress.
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OpinionComment: Seeking the value in retail shares
My financial adviser recently asked me what retail stocks he should buy.
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OpinionComment: Debenhams shares drop after supplier squeeze
Retail stocks across the board edged down over the week as the City suffered a case of nerves that Christmas trading has not fully taken off as hoped for.