All City & finance articles – Page 418
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InterviewQ&A: 'We need to communicate our changes to customers', says Mothercare boss
As Mothercare boss Simon Calver unveils the retailer’s full-year results, he tells Retail Week how his UK turnaround plan is progressing and where the big opportunities lie.
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NewsSignet reports sales fall at H Samuel as it closes stores
Sales at jeweller H Samuel fell 10.5% in the first quarter to $71.7m after the retailer slimmed down its store estate.
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AnalysisHalfords full-year results: What the analysts say
Halfords chief executive Matt Davies today unveiled his plan to grow the retailer’s sales to £1bn by 2016 following a slump in full-year profits. Retail Week summarises the City’s reaction.
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NewsHalfords unveils £100m investment plan after profits slump
Cycle and car parts specialist Halfords has posted a 24.5% slump in pre-tax profits to £71m as chief executive Matt Davies unveils his £100m investment plan.
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NewsMothercare full-year like-for-likes fall 3.6% as UK losses narrow
Mothercare has reported narrowing losses in its UK business despite a 3.6% fall in full-year like-for-like sales in its domestic market.
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OpinionComment: M&S’s fortunes will not be restored quickly
Marks & Spencer’s results were, like some of its clothing collections, a bit of a mixed bag.
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NewsBolland: 'Online has replaced Marble Arch as our flagship store'
Marks & Spencer’s famous Marble Arch branch has passed the baton as flagship store to the retailer’s online shop, chief executive Marc Bolland said.
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NewsBurberry posts a 14% rise in profits as Chinese sales surge
Luxury fashion retailer Burberry has reported a 14% rise in adjusted full-year pre-tax profits to £428m after a strong performance in Asia.
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NewsMarks & Spencer profits fall despite 1.3% increase in sales
Marks & Spencer has posted a fall in underlying pre-tax profit to £665.2m despite a 1.3% rise in group sales to £10bn as it looks to turn around its general merchandise arm.
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OpinionComment: Boots must remember its loyal customers
The owner of Boots has just announced a trading profit of £1.27bn in the year to March 31 – marking its second straight year of double-digit growth.
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AnalysisThe Morrisons-Ocado deal: What it means for both retailers
Morrisons has inked a deal with Ocado that will enable it to launch an online grocery business this year. Retail Week takes a look at the impact of the deal on both businesses and the details of the agreement.
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AnalysisThe Morrisons-Ocado deal: What the analysts say
Morrisons has finally signed the long-awaited deal with Ocado, which will enable the Bradford-based supermarket to launch an online offer this year. Retail Week takes a look at the City’s reaction.
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NewsCold weather hits Wickes as like-for-likes slump 6.1%
Travis Perkins’ consumer arm, which largely comprises Wickes, experienced a 6.1% decline in like-for-like sales for the four months to April 30.
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NewsDixons in 'best shape' as it gains market share from collapsed Comet
Dixons Retail is in the “best position it has been in for many years” following market share gains after the collapse of rival electricals retailer Comet last year.
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OpinionComment: Grocer Morrisons needs to keep pace with competition
A minus sign in front of a retailer’s like-for-like sales figures does not prompt investors to fill their shopping trolleys with stock.
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NewsFrench Connection like-for-likes improve in first 15 weeks of year
Trading at French Connection’s difficult UK and Europe retail business has improved as the retailer recorded flat like-for-like sales in the 15-weeks to May 11, 2013.
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OpinionComment: Management changes at Jack Wills hint at global aspirations
Jack Wills has just announced some more high-level changes to its management team as the company prepares for its next phase of expansion.
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AnalysisAnalysis: Is Lord Wolfson’s bonus gift to Next staff a new trend?
Next chief executive Lord Wolfson made headlines with his unprecedented decision to share a £2.4m bonus among staff.
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OpinionComment: The Morrisons message has been drowned out by rivals
Morrisons reported yet another declining quarter of like-for-like sales this morning, its fifth back-to-back decline excluding fuel and is continuing to lose customers to rivals.
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OpinionComment: Argos’ digital quest for success
Despite improvement at the flagship Argos business, parent Home Retail’s shares fell after its full-year results.