All City & finance articles – Page 483
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OpinionThe heat is on to make up lost sales
A successful retail Christmas is all about planning, but even the best laid plans can’t take account of the extreme cold snap that has paralysed large parts of the country over the past fortnight.
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AnalysisPassing on the VAT increase
With VAT set to rise retailers will struggle to absorb the increase, especially as other costs are rising. Some are already putting prices up to make January’s change less noticeable, Nicola Harrison discovers
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NewsMoss Bros confident as like-for-likes rise
Like-for-like sales at menswear group Moss Bros rose by 8.3% in the 18 weeks to December 4.
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NewsGame cautious as like-for-likes drop
Game UK & Ireland like-for-likes slumped 12.2% while total sales dropped 14.7% in the 44 weeks to December 4.
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NewsPhones 4U to double shop-in-shops in Dixons next year
Phones 4U will double its shop-in-shops in Dixons next year.
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NewsDolphin owner eyes Bathstore
Dolphin Bathrooms owner Sun European Partners has held early discussions with Bathstore over a potential acquisition of the business.
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OpinionDifferentiation will be key in 2011
It’s that time of year for peeping over the parapet to stare at the new year.The trouble with predictions is that so often the reality turns out to be much wilder than the forecasts.
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NewsFindel to raise £80m for investment and to cut debt
Multichannel specialist Findel wants to raise £80m of equity through a rights issue to pay down debt and invest in key areas.
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NewsFalling confidence hits Alexon
Womenswear group Alexon reported weaker-than-expected interims with house broker Investec cutting its full-year forecast.
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OpinionTesco leads overseas charge
Fresh from being shown around its Asian operations, brokers agree that international is Tesco’s most significant growth opportunity.
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NewsDixons ‘staying competitive’ as market conditions toughen
Electricals group Dixons Retail hopes to keep consumers spending when VAT rises next year with eye-catching prices but is unlikely to stage a full-scale VAT holiday.
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NewsOFT to crack down on misleading pricing
The Office of Fair Trading (OFT) is threatening to crack down on retailers’ pricing practices following a study into misleading pricing.
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NewsSales slip at Edinburgh Woollen Mill
Scottish clothing and gifts retailer Edinburgh Woollen Mill’s sales slipped to £156.8m from £157.8m in the year to February 27, despite the opening of 21 stores in the year.
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NewsTopps Tiles grows profits and market share
Topps Tiles grew full-year profits and market share as it revealed it would not initially pass on the January VAT rise to customers.
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NewsKingfisher profits up but B&Q sales down
Kingfisher has reported an 8.2% increase in third quarter profits, but like for like sales were down 4.2% in the UK.
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NewsJJB likely to breach banking covenants
JJB Sports has said it is likely it will breach its banking covenants as trading conditions have remained challenging and like-for-like sales remained below expectations.
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NewsFindel profits up as it seeks to raise £80m through rights issue
Mulitchannel specialists Findel operating profits more than doubled from £0.9m to £1.9m in its home shopping arm in the 26 weeks to October 1.
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NewsTopps Tiles profits and sales up
Topps Tiles pre tax profit grew from £9.9m to £12.4m in the 53 weeks to October 2 as the retailer kept a tight control on costs.
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NewsAll Saints boss Stanford forced to pay out £2.5m
Retail entrepreneur Kevin Stanford has reportedly been forced to pay out £2.5m of his own money after personally guaranteeing a bank loan to his former premium womenswear business Ghost which fell into administration in 2008.
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NewsOffice edges closer to £150m deal with Silverfleet
Retail entrepreneur Sir Tom Hunter has entered exclusive talks with private equity firm Silverfleet Capital to sell footwear retailer Office for about £150m.