All City & finance articles – Page 417
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NewsEtailer Kitbag to launch overseas to target foreign football fans
Findel is to expand its online sportwear etailer Kitbag overseas amid surging demand from foreign football fans.
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NewsTesco to scale back on DIY, toys and electricals in-store
Tesco is to scale back DIY products, car accessories, small home appliances, and toys in store as the grocer’s non-food categories pulled down performance in its first quarter.
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NewsTesco first quarter results: What the analysts say
Tesco UK like-for-likes dropped 1% in its first quarter, as its general merchandise division had “held back sales in the UK”. Retail Week summarises the City’s reaction.
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NewsFindel pre-tax profit surges 45% as it drives through its turnaround strategy
Pre-tax profit at Findel jumped 44.9% to £15.5m as the home shopping group’s turnaround progresses.
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NewsTesco UK like-for-likes fall as general merchandise hinders performance
Tesco UK like-for-likes excluding VAT and petrol fell 1% in its first quarter as its general merchandise arm pulled down performance.
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NewsHome Retail boss Terry Duddy's reward package rises
Home Retail Group, owner of Argos and Homebase, has disclosed a 40% increase in chief executive Terry Duddy’s rewards package last year.
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NewsCard Factory plots 1,200 stores as it eyes float, sale or refinancing
Card Factory is aiming to nearly double its stores count as its owner eyes a potential float, sale or refinancing of the budget greetings card retailer.
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NewsAnalysis: How Alistair McGeorge revived New Look's fortunes
Just over two years ago Alistair McGeorge took charge of a battered and bruised New Look.
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AnalysisAnalysis: How would investors greet a Card Factory float?
It’s been almost three years since the last retail IPO – Ocado back in July 2010 – but Card Factory is one of the firms vying to take advantage of the City’s rekindled love of the sector.
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NewsFurniture etailer WorldStores raises £10m to fund growth
Online furniture specialist WorldStores has raised £10m to support the rapid growth of the business from private equity firms.
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OpinionComment: Ocado’s pet store - The dawn of an online empire?
Just this week, the Centre for Retail Research released new findings predicting that the share of online from overall retail sales will rise from 12.7% in 2012 to 21.5% by 2018.
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NewsCard Factory considers IPO as owner hires Goldman Sachs
Budget greetings cards retailer Card Factory is planning a £700m stock market flotation.
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NewsSun European pays £23m to creditors after Dreams collapse
Beds retailer Dreams’ new private equity owner Sun European Partners has paid suppliers and trade creditors £23m to clear some of the debt owed when it collapsed into administration.
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NewsKingfisher boss Cheshire insists Brits' love affair with DIY not over
Kingfisher chief executive Ian Cheshire has insisted Brits have not fallen out of love with DIY after reporting a first quarter 4.2% like-for-like decline across the group.
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OpinionNick Bubb’s Verdict: Kingfisher blames the weather, again?
To paraphrase Oscar Wilde: “To lose one quarter, Mr Cheshire, may be regarded as a misfortune. To lose two quarters looks like carelessness.”
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NewsKingfisher posts first-quarter profit fall as poor weather hits footfall
B&Q owner Kingfisher has recorded a 4.2% slump in first-quarter group like-for-likes and a decline in profits as poor weather hit footfall.
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OpinionComment: Mothercare’s turnaround is making steady progress
Mothercare’s full-year update last week marked one year into chief executive Simon Calver’s three-year Transformation and Growth turnaround plan.
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InterviewQ&A: 'We've upped our game on product development to drive top line growth', says Topps Tiles boss
Topps Tiles revealed a first half 16% profit fall this morning despite a sales uplift. Retail Week speaks to chief executive Matt Williams and chief financial officer Rob Parker.
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NewsTopps Tiles cautious on outlook as profits tumble 16%
Topps Tiles’ adjusted pre-tax profit tumbled 16% to £4.7m in the 26 weeks to March 31 and the retailer remains cautious on the outlook.
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OpinionComment: WH Smith continues to confound the critics
WH Smith has just received the unfortunate ‘honour’ of receiving the lowest customer service rating in a UK league table of customer satisfaction.