All City & finance articles – Page 430
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NewsMorrisons like-for-likes fall 2.1%
Morrisons has posted a 2.1% slump in like-for-like sales excluding fuel for its third quarter as it said consumer confidence remains fragile.
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NewsSuperGroup's retail like-for-likes up in second quarter
SuperGroup’s UK retail like-for-likes jumped 5.8% in the second quarter as the fashion retailer improved its operations infrastructure to deliver its ambitions.
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OpinionComment: Why is Comet the latest retail casualty?
So, another leading high street name has collapsed. The administrators have indicated that they will continue to trade the business as they look for buyers.
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OpinionComment: Primark and Marks & Spencer square up
Marks & Spencer managed to please with Tuesday’s interims, but primarily because of relief that the results were not as bad as expected.
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NewsProfits plummet at TJX UK
TJX UK, which operates discount retailer TK Maxx and homewares specialist Homesense, posted a pre-tax profit plunge of 62% to £35.4m in the year to January 28, despite a sales uplift.
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NewsBurberry adjusted profits up 6%
Burberry adjusted profits jumped 6% to £173m in the six months to September against a 8% sales advance to £883m.
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InterviewQ&A: Primark owner Associated British Foods finance director John Bason
As value fashion giant Primark sales and profits soar in its financial year ending September 15, Retail Week speaks to owner ABF’s finance director John Bason about the incredible performance.
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AnalysisMarks & Spencer: What the analysts say
Marks & Spencer reported pre-tax profits fell 10% in the half year, with general merchandise lagging. City analysts share their views on the department store retailer’s performance.
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NewsMarks & Spencer profits fall 10%
Marks & Spencer posted a 10% slump in pre-tax profit to £290m in the 26 weeks ended September 29 as the first quarter trading was hit by unseasonably wet weather.
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AnalysisCredit insurance: What do retailers need to know?
Difficulty in getting credit insurance is understood to have played a key role in Comet’s decision to file a notice of intent to hire an administrator this week. Retail Week takes a look at the issues around credit insurance.
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OpinionComment: Marks & Spencer - Last mover advantage?
Could it be to Marks & Spencer’s advantage that it is building a new operating platform just as its core customer base is moving rapidly online?
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OpinionComment: Investors care about profit, not tattoos
For many retail leaders it is an article of faith to demonstrate that they hold their store staff in high esteem, and results presentations typically pay tribute to the efforts made on the shopfloor.
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AnalysisAnalysis: What does Next's Directory slowdown mean for the retailer?
Next’s slowdown in Directory growth was going to happen at some point.
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AnalysisNext: What the analysts say
Sales at Next rose 2.7% in its third quarter to October 27, and the retailer said the volatility of sales performance made it hard to draw conclusions from the period. City analysts share their views on the retailer’s resilience.
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NewsNext sales edge up 2.7% in third quarter
Sales at Next rose 2.7% in its third quarter to October 27.
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NewsMaplin secures £20m credit facility to fund expansion
Maplin has secured £20m of credit to fund its expansion plans for 100 new stores and an enhanced online retail offer.
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NewsNew Look reassures suppliers over financial position
New Look has written to suppliers to reassure them of its financial position following speculation it could enter administration.
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NewsOcado close to covenants breach, analysts fear
Analysts fear that Ocado could breach the covenants of its debt arrangements as it struggles with the cost of building a second warehouse.
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NewsAsos shareholders angry over Brian McBride pay package
Fashion etail giant Asos’ shareholders are understood to be concerned over the financial package for its new chairman, the former Amazon boss Brian McBride.
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NewsAsos profits soar as international sales surge
Pre-tax profits at Asos soared 42% to £13.2m in the five months to August 31.