All City & finance articles – Page 407
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NewsCarpetright 'committed' to the Netherlands despite ongoing sales slump
Floorings giant Carpetright has insisted it remains committed to the Netherlands despite the Dutch business falling into the red in the first half.
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AnalysisCarpetright's half-year update: What the analysts say
Carpetright revealed underlying profits fell by a third to £3m in its half-year to October 26. Retail Week takes a look at reactions from the analysts.
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NewsHouse of Fraser EBITDA edges up in third quarter
House of Fraser like-for-likes increased 0.8% in its third quarter to October 26 as adjusted EBITDA edged up £100,000 to £1.7m.
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NewsCarpetright records a fall in first-half sales and profits
Carpetright has posted a fall in first-half sales and profits as it battled “volatile” trading conditions and suffered losses in its European arm.
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NewsTesco acquires stake in Asian non-food etailer Lazada
Tesco has acquired a minority stake in Asian general merchandise etailer Lazada, which sells products including electronics and clothing.
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NewsKaren Millen profits fall as investment hits the bottom line
Premium womenswear retailer Karen Millen has reported a fall in profits after investing in the business.
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NewsMulberry first-half profits fall as it invests in international growth
Mulberry first-half pre-tax profits dropped 28% to £7.2m as it continued to invest in its international expansion.
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NewsBathstore breaks into the black as it relaunches website
Bathstore is back in the black after its first year under private equity owner Endless and the retailer has relaunched its website.
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OpinionComment: McColl’s must highlight its USP in competitive market
Convenience store specialist McColl’s has joined retailers including Ao.com, Poundland and Pets at Home with its ambition to float on the stock market.
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OpinionNick Bubb’s verdict: Tesco - no easy solution
The stockmarket had been softened up for bad news on Q3 sales, so, with no profit warning today, Tesco’s shares have rallied.
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AnalysisTesco third quarter sales fall: What the analysts say
Tesco this morning revealed its UK like-for-like sales fell 1.5% in its third quarter. Retail Week takes a look at the response from the City.
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NewsTesco UK like-for-likes fall 1.5% in Q3 as it blames tough market
Tesco has reported UK like-for-like sales fell 1.5% in its third quarter, and blames pressure on UK household finances for its performance.
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NewsConsumer confidence falls for second successive month
Consumer confidence fell for the second month in a row as shoppers felt the cost of rising energy bills.
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NewsJD Sports posts third-quarter like-for-like sales rise
JD Sports Fashion has recorded a rise in third-quarter like-for-like sales across its fashion and sportswear fascias.
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NewsAlliance Boots accused of ‘avoidance of tax’
Alliance Boots has been accused of breaking disclosure and taxation guidelines set by the Organisation for Economic Co-operation and Development.
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NewsKingfisher profits rise in third quarter as Screwfix sales soar
DIY group Kingfisher’s retail profits edged up 1.7% in constant currency to £271m in its third quarter as like-for-likes increased 1.4%.
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NewsBreakfast briefing: Retail news on Kingfisher, Alliance Boots, Clintons and Next
Retail news round-up November 28, 2013: Kingfisher profits advance in third quarter, Alliance Boots accused of ‘avoidance of tax’ and Alliance Boots accused of ‘avoidance of tax’.
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OpinionComment: Occa aims to emulate Asos
While big retailers that are likely to attract big valuations rush to market, there’s action at the other end of the scale too.
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NewsConvenience store giant McColl's eyes float
Convenience store giant McColl’s is the latest retailer to eye a float on the stock market, Retail Week has learned.
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OpinionNick Bubb’s verdict: Poundland - will investors in the IPO be quids in?
Five years on from the demise of Woolworths, fund managers will soon have a new discount retailer to invest in.