All City & finance articles – Page 418
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NewsFindel sales increase 3.9% in first quarter
Findel sales edged up 3.9% in the first quarter driven by a revenue jump at mail order business Express Gifts in the 16 weeks to July 23.
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NewsCarphone Warehouse first quarter like-for-likes rise 10.6%
Carphone Warehouse has recorded a 10.6% rise in first quarter like-for-like sales as shoppers shifted to buying high-end smartphones.
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NewsCarpetright boss insists Q1 sales fall was a "blip" driven by heat wave
Carpetright chief executive Darren Shapland has insisted that the flooring giant’s fall in first-quarter sales was a “blip” due to the heat wave.
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AnalysisCarpetright's first quarter: What the analysts say
Carpetright today reported a decline in first quarter like-for-like sales as the warm weather hit its performance in the UK. Retail Week rounds up the City’s reaction.
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OpinionComment: Tesco's latest food launch shows strategic progress is being made
Tesco boss Philip Clarke’s recovery strategy will stand or fall as much by skill of execution as intellectual coherence.
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NewsCarpetright sales decline as the warm weather deters shoppers
Flooring specialist Carpetright’s UK like-for-likes fell 1.9% in the first quarter as the warm weather kept shoppers away from stores.
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OpinionComment: Retailers need to learn that trust starts on the shop floor
Reports out this week have revealed that Tesco has launched a new marketing campaign as part of Philip Clarke’s plans to reinvigorate its fresh food offer.
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NewsSports Direct reports ‘record’ year as Olympics boosts profits
Sports Direct has reported a “record-breaking” year as sales and profits boomed driven by last year’s sporting events.
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NewsMothercare hit by rivals' promotions as like-for-likes slip
Mothercare’s UK first-quarter like-for-like sales edged down 0.9% as chief executive Simon Calver played down the business benefits of the royal baby.
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OpinionComment: Tax should be about law, not morality
Justin King said recently: “Tax is a moral issue…Trust is a moral issue and you can’t claim to hold a trustworthy space on any issue, including tax, by just saying ‘I’m operating within the law’.
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OpinionComment: SuperGroup's global appeal excites investors
SuperGroup’s full-year figures showed “a return to form”, maintained founder and chief executive Julian Dunkerton as he unveiled a rise in profits and sales.
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NewsBargain Booze owner Conviviality Retail set for £65m float
Bargain Booze owner Conviviality Retail is looking to float on the Alternative Investment Market later this month.
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NewsKate Bostock in shock departure from Asos
Asos executive director of product and trading Kate Bostock has resigned from Asos. Bostock joined the etailer in January this year.
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AnalysisThorntons’ fourth quarter: What the analysts say
Thorntons today reported a 5.6% boost in fourth quarter sales as its commercial arm drove a strong performance. The City reacted positively to the figures.
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NewsThorntons fourth-quarter sales rise as turnaround gathers pace
Thorntons has recorded a 5.6% rise in total sales in the fourth quarter as its plan to rebalance the business towards its commercial arm bears fruit.
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NewsJack Wills makes loss as business overhauled ahead of sale
Preppy fashion retailer Jack Wills made a £9.7m loss last year as the business was overhauled ahead of a sale or float.
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NewsModelZone administrator Deloitte to begin closing stores
Toy retailer ModelZone’s stores are to begin closing over the coming weeks after administrators failed to find a buyer for the collapsed retailer.
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OpinionComment: Business rates - The fight for rates reform continues
After the disappointment of the Budget in March this year, efforts by the retail industry to force an overhaul of the business rates regime are once again picking up momentum.
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NewsBonmarché eyes IPO just 18 months after administration
Value fashion retailer Bonmarché is reportedly gearing up to float on the stock exchange 18 months after it fell into administration.
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InterviewQ&A: We've silenced the critics, says SuperGroup boss Julian Dunkerton
As Superdry-owner SuperGroup posts a 22% surge in full year underlying pre-tax profit to £52.2m, chief executive Julian Dunkerton tells Retail Week he has silenced the retailer’s critics.