All City & finance articles – Page 421
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NewsOriginal Factory Shop profits surge as new boss prepares to take reins
The Original Factory Shop has achieved a 30% surge in EBITDA as outgoing boss Angela Spindler prepares to hand the baton over to former Woolworths boss Tony Page.
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AnalysisAnalysis: Why Laura Ashley has not fallen out of fashion
The predictably unreliable British summer has hit yet another retailer as homewares and fashion specialist Laura Ashley blamed the weather and poor product offer on a sales slip.
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OpinionNick Bubb’s Verdict: WHSmith - Is the time right for a demerger?
The constant mantra at WHSmith has been “Sales down, gross margins up, costs down”, but is it time to split the business up?
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NewsLaura Ashley reveals 0.6% like-for-like slip as fashion struggles
Laura Ashley has recorded a 0.6% slip in like-for-like sales in the 18 weeks to June 1 as its fashion offer struggled.
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OpinionComment: Supply chain improvement cuts time from shore to store for M&S
Marks & Spencer this week became the first company to sign up for a distribution centre at the new DP World London Gateway deep-sea port on the Thames estuary.
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NewsSainsbury's growth driven solely by own brand, says King
Sainsbury’s has said that own-brand sales are driving its business and are a key strength in its fight against rivals.
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AnalysisAnalysis: How have the big four grocers fared in the first quarter?
Sainsbury’s was the last of the four major grocers to post its first quarter results today, Retail Week looks at how they have all performed.
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AnalysisAsos' third quarter figures: What the analysts say
Online fashion giant Asos has today revealed sales up 45% as UK sales surged 39% to £64.3m and international revenue rocketed 48% to £129.3m. Retail Week takes a look at analyst opinion.
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AnalysisSainsbury's first quarter: What the analysts say
Sainsbury’s today reported a 0.8% rise in like-for-like sales in the first quarter against a tough market. Retail Week summarises the City’s reaction the results.
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NewsSainsbury’s posts ‘solid’ 0.8% like-for-like rise in first quarter
Sainsbury’s recorded a “solid” 0.8% rise in like-for-like sales in the first quarter to June 8 amid a challenging market.
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NewsDepartment store Beales chairman Keith Edelman steps down
Beales chairman Keith Edelman has stepped down from the struggling department store after five years in the role.
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OpinionComment: Tesco’s woes are the dreams of others
Another week, another Tesco bashing. Whilst it is clearly going through a rough patch, its issues are exacerbated by the fact it is the bellwether, not just for UK retail but for the UK’s economy.
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NewsM&S boss Bolland misses out on potential bonus
Marks & Spencer chief executive Marc Bolland missed out on more than half of his potential annual bonus last year but his reward package still totalled £2.14m.
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NewsSainsbury's chief executive Justin King's pay package jumps 23%
Sainsbury’s chief executive Justin King’s pay package jumped more than 20% last year to £4.3m.
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OpinionComment: Does Card Factory have investor appeal?
Card Factory is undoubtedly an impressively run retailer, so in many ways reports that the owners of the budget greetings card chain are considering a float is not surprising.
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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.