All City & finance articles – Page 455
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NewsBig grocers avoid worst of price falls
Store stocks were down across the board over the week but food and general merchandisers’ declines were limited versus the wider market, although that was ahead of a Mothercare profit warning.
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OpinionChinese whispers hit Burberry
For evidence of shareholder short-termism, look no further than luxury goods retailer and brand Burberry.
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NewsConsumers experiencing crisis of confidence, top retailers say
Leading retailers feel the squeeze as shoppers tighten their belts further and consumer confidence plummets, and fear no immediate improvement on the horizon.
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OpinionGovernment needs to lift shopper confidence
As David Cameron sat down on Wednesday morning to make the finishing touches to his speech to the Tory conference, he could have done worse than take a look at that day’s statements from Tesco, Mothercare, SuperGroup and Sainsbury’s.
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NewsMothercare warns on profits as UK like-for-likes plummet
Maternity retailer Mothercare has issued a profits warning as consumer confidence continues to deteriorate following the riots in England.
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NewsSainsbury's warns "very competitive" market here to stay
Sainsbury’s like-for-like sales rose 1.9%, excluding fuel, in the 16 weeks to October 1 as total sales advanced 4.4%.
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NewsWarehouse woes to hit SuperGroup profits
SuperGroup, owner of the Superdry brand, has warned that full-year profits will be hit by as much as £9m after warehouse problems.
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NewsDunelm like-for-likes drop 2% in first quarter
Value homewares retailer Dunelm like-for-likes declined 2% in the 13 weeks to October 1.
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NewsTesco expected to post sales fall
Top grocer Tesco is expected to provide evidence of how tough retail trading conditions are when it issues first-half figures on Wednesday.
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NewsMorrisons eyes Garden Centre Group
Supermarket Morrisons is considering bidding for garden centre specialists Garden Centre Group, formerly known as Wyevale.
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NewsJacques Vert sales edge up, but trading weakens in September
Sales at AIM-listed womenswear retailer Jacques Vert rose fractionally in the first 22 weeks of its financial year, but the company warned that trading has softened in the past three weeks.
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OpinionMoss Bros helps itself to profits
Moss Bros this week provided a rare piece of good news for the high street.
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NewsTesco’s Price Drop hits other grocers
Tesco’s share price rose in the week that it launched its Big Price Drop, but the move hit the value of its food retail rivals.
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NewsAlexon bought by Sun European in prepack deal
Alexon has been bought by private equity firm Sun European Partners as part of a prepack deal after the business fell into administration today.
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NewsClintons delays results announcement
Troubled greetings cards retailer Clintons has delayed the reporting of its prelims by two weeks.
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NewsAlexon suspends shares as administration looms
Troubled womenswear group Alexon has suspended its shares on the Stock Exchange “pending clarification of the company’s financial position”.
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NewsSun European and Debenhams in the race to buy Alexon
Private equity firm Sun European Partners is thought to be the front runner to acquire troubled womenswear group Alexon.
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NewsGame losses widen in first half
Game made a loss before non-recurring costs and tax of £48.5m in the six months to July 31, compared with a £18.8m loss in the same period last year.
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NewsHilco boss rakes in £4.5m in 2010
Hilco UK boss Paul McGowan took home a £4.5m bonus last year as the restructuring firm benefitted from snapping up ailing retailers.
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NewsFlying Brands warns it could breach banking covenants
Flying Brands this morning warned that trading had been below management expectations, and that it will breach its banking covenants next month unless it takes further action.