All City & finance articles – Page 507
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NewsBest Buy opening helps neighbour Currys deliver top trading result
Electricals group DSGi’s Currys megastore in Thurrock delivered one of its best trading weekends ever when rival Best Buy opened its first UK shop nearby last week.
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NewsOriginal Factory Shop to rev up fashion following bumper sales
Value retailer Original Factory Shop is to focus on growth in fashion and footwear after revealing a bumper set of sales and profits for the year to March 28.
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NewsRetail stock buoyant despite election fears
Retail shares were among the better performers as economic turmoil in Greece and political uncertainty ahead of the general election here took a toll on the market overall.
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NewsMorrisons cleared of price fixing
Morrisons has been cleared of dairy price-fixing allegations by the Office of Fair Trading (OFT).
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AnalysisThe common denominator
Kingfisher international boss Peter Høgsted is convinced group sourcing of common ranges is the DIY giant’s biggest opportunity to cut costs and boost differentiation.
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NewsDebenhams showcases Danish expansion move
Debenhams was scheduled to run an analysts’ visit to Copenhagen as Retail Week went to press to demonstrate its integration of Danish department store Magasin du Nord.
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NewsElection outcome could influence retail IPOs
Today’s election result and the implications for consumer and business confidence are likely to influence whether or not a clutch of retail initial public offerings get under way.
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OpinionHMV no longer top of the pops
Like the chart stars whose tunes it sells, entertainment group HMV is susceptible to wild swings of fortune and last week’s update was hardly music to investors’ ears.
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NewsSales momentum slows at Morrisons
Supermarket group Morrisons has reported a slowdown in sales during its first quarter, but said it was still winning customers.
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NewsIan Dyson leaves Marks & Spencer
Marks & Spencer has announced the departure of finance director Ian Dyson, just a day after Marc Bolland joined as chief executive.
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NewsNext remains ‘cautious’ as sales grow 4.1%
Total sales at Next grew 4.1% excluding VAT in the 13 weeks to May 1 but it said it remained “cautious” for the year ahead.
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NewsApple iPad sells faster than iPhone
Apple has sold one million iPads since its launch on April 3, selling faster than the iPhone.
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NewsScotmid breaks £10m barrier in full-year results
Scotmid, the largest independent Scottish co-operative, has reported operating profit up 18% to £10.2m in its full-year results, marking the first time it has broken through the £10m barrier.
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OpinionDecade essays: 10 years of progress
The first decade of the 21st century was one of enormous change for UK retail. Bricks-and-mortar retailers have had to work harder than ever to get customers through their doors and spending,while online retailing has grown from almost a standing start.
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AnalysisCan 2010 optimism spur languishing M&A activity?
Just how much impact did the global economic crisis have on merger and acquisition activity in the retail sector last year?
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NewsSupplier to relaunch Adams
Kidswear retailer Adams is poised to be relaunched on the high street after the brand name was bought out of administration by one of its suppliers.
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NewsLord Kirkham upbeat after ‘bittersweet’ DFS exit
DFS founder Lord Kirkham has described the sale of his sofa chain to private equity firm Advent as “bittersweet” but vowed that the business would do “more of the same but at a much faster rate”.
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NewsAlexon turnaround on track despite pre-tax loss
Womenswear retailer Alexon said it is on track with its turnaround plans, despite posting a £900,000 pre-tax loss for the year to January 30, against a profit of £10.8m the previous year.
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NewsAsda guns for share with price guarantee
Asda this week fired the latest salvo in the supermarket price war with the launch of a price guarantee as it tries to stem its market share decline.
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NewsWHSmith shines despite ash cloud dampening sentiment
WHSmith’s group pre-tax profit edged up 2% to £62m in its first half but despite beating analyst expectations, upgrades were dampened by the retailer’s airport stores being closed during the volcanic ash crisis.