All City & finance articles – Page 434
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OpinionComment: Should we be doing more to fight crippling business rates?
It’s September again. A notable month, not just because of my birthday (all gifts gratefully accepted) but because it’s when the powers that be set the figure by which business rates will be increased next year.
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NewsSuperGroup pay awards under scrutiny from investors
SuperGroup is set to become the latest retailer to face a shareholder rebellion over director pay.
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NewsJJB deal close but many stores likely to shut
Sports Direct is expected to acquire up to half of rival JJB’s 180 stores this week. The deal is likely to lead to the closure of the rest of JJB Sports’ business and a large number of job losses among JJB’s 3,000 staff.
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AnalysisHome Retail: What the analysts say
Home Retail has stablished like-for-like sales at Argos but as Homebase remains challenging, analysts are concerned that the retailer group’s issues are structural rather than cyclical.
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AnalysisNext: What the analysts say
Next has reported a rise in profits for the half to July despite a fall in like-for-likes due to an “unusually quiet” August and September. The City has issued a cautious response but has confidence in the retailer’s multi-channel strategy.
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AnalysisDunelm: What the analysts say
Value homewares chain Dunelm reported another set of positive full year results this morning as pre-tax profits surged 15.1% to £96.2m in the 52 weeks to 30 June. The City was not disappointed.
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NewsDunelm full-year profits soar as wet weather lifts sales
Value homewares retailer Dunelm’s pre-tax profits surged 15.1% to £96.2m in the 52 weeks to 30 June, 2012.
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NewsTablets and e-readers drive Argos like-for-likes up 1.4%
Like-for-likes at catalogue retailer Argos rose 1.4% in the 13 weeks to September 1 and parent Home Retail expects group full-year profits to be in line with expectations.
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NewsNext reports rise in profits despite like-for-like decline
Next recorded an increase in sales and profits despite a fall in like-for-like sales in the first half.
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OpinionComment: Debenhams sets the standard for retail
Department store group Debenhams took analysts on a tour of its Milton Keynes shop last week.
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NewsJJB quarter-day rent fears quashed
Suggestions that JJB adviser KPMG is in a race against time to complete a sale of the troubled retailer before rent quarter day have been dismissed.
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NewsThorntons optimistic despite sales and profits fall
Chocolatier Thorntons has reported a fall in sales and profits as weak consumer spending hit the business, but chief executive Jonathan Hart expressed “cautious optimism” about the future.
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AnalysisAnalysis: Is Burberry's slowdown a blip or a trend?
In a difficult market, Burberry has become one of the retailers who can be relied upon to buck the trend and deliver growth.
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AnalysisBurberry: What the analysts say
A marked slowdown in sales over recent weeks has forced Burberry to issue a surprise profits warning. The City dissected the statement and expressed concern.
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NewsBurberry suffers sales slowdown
Retail sales at luxury giant Burberry have slowed in the second quarter and full-year profits are now expected to come in at the lower end of expectations
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AnalysisAnalysis: How to overcome retail property challenges
As tenants, landlords and local authorities continue to grapple with myriad challenges still facing high street retail, Retail Week Property talks to some experts about what steps need to be taken to overcome them, and how the future of the high street might look.
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InterviewQ&A: Dixons' boss Sebastian James
As Dixons reports a strong start to its financial year, the electricals specialist’s boss Sebastian James talks through the highlights with journalists and how he intends to further drive this growth.
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OpinionComment: Morrisons - playing the right cards?
It was interesting to hear Dixons’ chief executive Seb James say today that successful multichannel electrical retailing is like playing a three-card-trick.
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NewsDixons has "encouraging start" to its year as UK like-for-likes jump 7%
Dixons UK and Irish like-for-likes advanced 7% in its first quarter in what it said was an “encouraging start” to the year.
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NewsMorrisons half year like-for-likes slip 0.9%
Morrisons like-for-likes slipped 0.9% in its half year to July 29.