All City & finance articles – Page 424
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NewsWickes like-for-likes fall 7.6% in 2013 despite profit surge last year
Travis Perkins’ consumer arm, which largely comprises Wickes, experienced a like-for-like slump in the first seven weeks of 2013 despite a surge in profits last year.
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OpinionComment: New Look can see the value of exploring new horizons
With most UK retailers talking about multichannel at every opportunity, you can bet that terms like ‘e-tail’ and ‘click-and-collect’ will continue to be popular buzzwords in 2013.
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OpinionComment: European retailers are having to pay the price online
While overall EU retail sales fell again this week according to Eurostat, cross-border EU online revenues remain strong - now attracting interest from tax authorities across Europe.
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NewsUK property tax is among highest levels across the world
UK retailers pay a disproportionately high level of tax on property, including onerous business rates, compared with their global counterparts says research commissioned by BRC.
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OpinionComment: Homewares retailer Dunelm reports a successful first half
Homewares specialist Dunelm has shown itself to be a dab hand at convincing consumers to spruce up their houses, despite tough times, by unveiling a first-half profit growth.
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NewsAlbemarle & Bond pre-tax profits plummet 33% in first half
Pawnbroker Albemarle & Bond’s pre-tax profits dropped 33% to £8.1m in its first half to December 31. However, retail sales jumped 16.7% to £10.5m, with profits up 32%.
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AnalysisHomewares retailer Dunelm’s first half results: What the analysts say
Dunelm today reported a 14.6% increase in pre-tax profits to £59.8m while like-for-likes rose 2.2% in its interim results. The City reacted positively to the figures.
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NewsHomewares retailer Dunelm pre-tax profits soar 14.6% in first half
Homewares specialist Dunelm pre-tax profit soared 14.6% to £59.8m in its half year to December 29 as its store expansion continued with 10 superstores opened over the period.
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OpinionComment: Should Waterstones take a leaf out of Amazon’s book?
After Waterstones revealed a £37.3m loss this week, the question on everyone’s most people’s lips is what can a company selling products so hugely impacted by the digital market do to ensure that they, not only survive, but thrive, in this new online world?
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NewsBurberry finance director Stacey Cartwright quits after nine years
Burberry finance director Stacey Cartwright is to leave the luxury fashion retailer after nine years and takes a £4m share pay out with her.
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NewsRetail growth to increase in next 10 years as more ‘considered consumer’ emerges
Retail sales are expected to grow at a faster rate over the next decade than the past 10 years as a “new era of buying” is ushered in by the rise of the ‘considered consumer’.
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AnalysisSupergroup's third quarter: What the analysts say
Supergroup generated a like-for-like sales surge of 10.6% in its third quarter to January 27, signalling a recovery from its warehousing and accounting issues last year. Retail Week looks at what the analysts think.
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NewsBurberry appoints former BBC boss as chief operating officer
Burberry has appointed former boss of BBC Worldwide John Smith as its chief operating officer, in a new role for the luxury brand as it bolsters its multichannel capabilities.
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NewsOcado EBITDA climbs as it seeks to accelerate growth
Online grocer Ocado delivered a 23.9% surge in EBITDA to £34.5m last year as it generated double-digit sales growth after making improvements to its core offer.
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OpinionComment: Angela Spindler is a welcome addition at N Brown
Angela Spindler was a surprise, but welcome, choice to become new chief executive of home shopping group
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NewsBeales falls into the red as it refinances with asset-based deal
Beales has secured an asset-based refinancing with Burdale after it fell into the red as like-for-likes dropped 5.6% last year.
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OpinionComment: Retailers looking for financing could face a tough road ahead
This might sound like an understatement, but now is not the best time to be looking to refinance a retail business.
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AnalysisAnalysis: The highs and lows of Christmas trading
The aftermath of the festive season brought drama, as a clutch of high street retailers collapsed. But how did the retail industry perform overall? Rebecca Thomson reports.
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AnalysisProfile: Angela Spindler, N Brown's new chief executive
Angela Spindler, boss of discount retailer The Original Factory Shop, was unveiled as N Brown’s new chief executive this morning. Retail Week takes a look at her credentials.
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OpinionComment: Debenhams’ fresh strategies impress city analysts
Department store Debenhams has been a bit out of favour since Christmas, when chief executive Michael Sharp’s comments on margin spooked some analysts.