All City & finance articles – Page 505
-
NewsSainsbury’s performance buoyed by Nectar scheme
Sainsbury’s chief executive Justin King has said the grocer will continue to focus on “genuine promotions” on products bought frequently as it continues to exploit its Nectar loyalty scheme.
-
NewsDSGi looks to score with World Cup TV sales
Group like-for-like sales at electricals retailer DSGi climbed 6% in the fourth quarter, bringing the advance for the year to 2%.
-
NewsTravis Perkins sales dip sets gloomy sector tone
Wickes’ owner, Travis Perkins, reported a decline in sales at its retail arm that analysts believe will be mirrored in updates from rivals B&Q and Homebase next month.
-
Analysis
The new North-South divide
With looming public sector cuts and job losses set to hit the North harder than the South, will regional disparities return?
-
News
Trend towards frozen food lifts Heron profits
Frozen food retailer Heron Foods has recorded a rise in pre-tax profits and turnover for the year to December 26, 2009.
-
NewsVolatility reigns for general retail shares
General retailers’ shares swung wildly last week and ended up underperforming the market although food stocks, helped by better than expected Sainsbury’s results, ticked up.
-
OpinionA nail-biting time for Ocado
Now the election is out of the way, chiefs of private retailers with an eye on a IPO - Ocado among them - will anxiously follow the political and economic weather reports and consider whether they can get their floats away.
-
NewsSports Direct stake in Blacks diluted after fundraising approved
Mike Ashley’s Sports Direct has had its stake in Blacks Leisure diluted after the outdoor retailer’s £20m fundraising was approved this afternoon.
-
NewsMenswear sales improve at French Connection
French Connection saw like-for-like retail sales in the UK and Europe fall 1.9% for the 14 weeks ended May 14, but performance was ahead of plan and better than last year thanks to improved gross margin and cost controls.
-
NewsOFT to probe Sports Direct stake in Blacks
The Office of Fair Trading is investigating Sports Direct’s stake in Blacks Leisure which it won ownership of in a High Court claim last week.
-
NewsH&M like-for-likes decline 6% in April
H&M’s group like-for-like sales fell 6% in April compared with the same month last year.
-
NewsWickes like-for-likes dip as consumers remain ‘wary’
Wickes owner Travis Perkins reported a 1.7% like-for-like decline in its retail business in the 17 weeks to May 1 as “wary consumers hold on to their money”.
-
NewsSports Direct wins High Court battle over shares
Sports Direct has won a High Court claim over disputed shares in its rivals.
-
NewsJón Ásgeir Jóhannesson resigns from House of Fraser board
Former Baugur boss Jón Ásgeir Jóhannesson has resigned from the board of department store group house of Fraser after a $2bn fraud lawsuit was filed against him in the US.
-
NewsNew owner looks to exit Lombok after 10 months
Furniture chain Lombok’s owner, private equity firm Privet Capital, is seeking to exit the business less than 10 months after it bought it.
-
NewsMcCarthy group injects £2m into skincare business
A consortium of private investors led by House of Fraser chairman Don McCarthy has injected £2m into beauty clinic chain DestinationSkin to fund expansion.
-
NewsMohamed Al Fayed: 25 crazy years in retail
Always controversial, always eccentric and not a man to be crossed, UK retail will be a less colourful industry following Mohamed Al Fayed’s £1.5bn sale of Harrods this week.
-
NewsDebenhams impresses with Danish acquisition
Analysts have reacted positively following a trip to see Debenhams’ Danish department store chain, Magasin du Nord, last week.
-
OpinionVolatile shoppers show job ahead of David Cameron
Talk to retailers about the market at the moment and there is one word they are using to describe trading, and that’s volatile.
-
NewsInconclusive election was ‘almost as bad as Lehman Brothers’
Store groups’ sales collapse after inconclusive election spooks shoppers