All City & finance articles – Page 437
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NewsSainsbury's like-for-likes grow after 'unique' summer
Sainsbury’s reported an increase in sales and like-for-like growth in the second quarter aided by its Paralympic sponsorship.
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NewsDunelm like-for-likes up 3%
Value homewares retailer Dunelm’s like-for-likes rose 3% in the first quarter as it grew share.
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NewsTesco profits fall 11.6% despite Q2 sales growth
Tesco has reported its first decline in profits since 1994 after investing £1bn in its UK turnaround plan.
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AnalysisAnalysis: Who is Optical Express?
Optical Express is calling in the administrators for one of its nine subsidiary groups, with 40 stores set to close. But who is the optician chain?
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OpinionNick Bubb's verdict: Sports Direct - Ashley 5, the OFT 0?
Mike Ashley has been running rings around Sports Direct’s rivals in sports retailing.
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NewsDixons hires managing director for its Scandinavian business
Dixons has hired a managing director for its Northern Europe business.
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NewsSports Direct closes in on JJB Sports deal despite Adidas obstacle
Unwanted JJB Sports stores are likely to face rapid closure if, as expected, likely buyer Sports Direct snaps up the retailer’s prime stores and stock.
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OpinionComment: Moss Bros set for growth
The Olympics effect on retail has been felt in some unexpected ways. At Moss Bros, the Games – along with the Jubilee celebrations and the Euro 2012 tournament – led to the deferral of weddings and an impact on its hire business in the first half.
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NewsTopps Tiles to hit profit target after strong fourth quarter
Topps Tiles has forecast pre-tax profit will hit analysts’ consensus of £13.1m, while full-year like-for-like sales are likely to slip by 1%.
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NewsSpeculation mounts over Qatari interest in Sainsbury's
Speculation is mounting that Qatari investors are eyeing a bigger stake in Sainsbury’s.
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AnalysisData: Retail sales growth half pre-Lehman levels
The BRC said today that retail sales growth has slowed to half that achieved before the collapse of Lehman Brothers which signalled the start of the recession in 2008.
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NewsJJB Sports to appoint administrator but sale expected in "next few days"
JJB Sports intends to appoint KPMG as adminstrator and a pre-pack deal is expected in the “next few days”.
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OpinionNick Bubb's Verdict: HMV expects Christmas sales pick-up. Is this credible?
The new senior management team at HMV have only been in place for a couple of weeks, but already they are blaming poor recent trading on “a lack of new releases”…and predicting a strong pick-up at Christmas. Is this credible?
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AnalysisHMV: What the analysts say
HMV reported an 11.6% slump in like-for-likes in the 20 weeks to September 15 today attributed to a slow sumer release schedule. The City reacted negatively to the news.
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NewsSuperGroup shareholders rebel against boss Julian Dunkerton
Almost one in five shareholders of fashion retailer SuperGroup opposed the re-election of management and pay proposals at the company’s annual meeting on Thursday.
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NewsHMV like-for-likes slump 11.6% after poor summer release schedule
Entertainment retailer HMV suffered a like-for-like sales slump of 11.6% in the 20 weeks to September 15 but remains confident it will benefit from a strong release schedule in the run-up to Christmas.
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OpinionComment: Hamleys deal opens the door to overseas growth
This week’s acquisition of Hamleys, which famously describes itself as the “finest toy shop in the world”, paves the way for the retailer to test that claim on a truly global scale.
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NewsKPMG promotes David McCorquodale to head of retail
Accountancy firm KPMG has promoted David McCorquodale to UK head of retail to replace Helen Dickinson, who is leaving to join the British Retail Consortium.
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NewsMoss Bros like-for-likes up 5.7% as profits stabilise
Like-for-like sales at Moss Bros rose 5.7% in the first half of the year while pre-tax profit remained stable.
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NewsOcado third-quarter sales up 10%
Sales at Ocado grew 9.9% year on year to £162.6m in the third quarter as the rate of sales growth slowed, as the online grocer battled the negative impact of the Olympics.