All City & finance articles – Page 513
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NewsDunelm slowdown ‘in line with expectation’
Value homewares retailer Dunelm’s slowdown in like-for-like growth met analysts’ expectations as it came up against tough comparables and suffered from a weaker sales period after Easter.
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NewsMountain Warehouse to hike up expansion
Outdoor specialist Mountain Warehouse is gearing up for further expansion after reporting post-tax profits of £3.9m in the year to February 28, up 72% on last year.
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OpinionPressure on Morrisons grows
Morrisons’ new chief executive Dalton Philips will have been in the hot seat for only about six weeks when the grocer delivers its first-quarter update next week.
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NewsHobbyCraft sold to Bridgepoint Capital
HobbyCraft has been sold in a management buyout backed by private equity firm Bridgepoint Capital, as predicted by Retail Week last week.
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NewsCarpetright sales below expectations as it warns of tough year ahead
Carpetright like-for-likes in the UK & Ireland rose 1.5% in the 12 weeks to April 24, which was below internal expectations.
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NewsN Brown to enter the US after a record year
N Brown has confirmed plans to enter the US later this year as total sales for the home shopping group grew 4.2% to £690m in the year to February 27.
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NewsRepublic up for sale
Young fashion chain Republic has been put up for sale by its private equity owner Change Capital.
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NewsBill Grimsey to become Focus chair
Focus chief executive Bill Grimsey is to become chairman at the DIY chain with managing director Rob Gladwin taking over as chief executive.
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NewsAll Saints secures extra funding on strong results
Fashion retailer All Saints almost doubled EBITDA to £23.6m last year, helping it secure further investment from Lloyds TSB Corporate Markets to ramp up overseas expansion.
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NewsOcado poised to appoint banks for IPO
Ocado is understood to be poised to appoint JPMorgan Cazenove, UBS and Goldman Sachs to advise on a possible £1bn flotation this summer.
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NewsAsos overseas growth woos investors
The international opportunity for online fashion retailer Asos continued to be a winning growth story for investors as overseas sales soared 101% in the year to March 31.
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NewsTesco ‘back in the lead’
Leahy laughs off Asda’s non-food ambitions as Tesco posts strong year’s sales and record profits
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OpinionBalance is key for Thorntons
Thorntons may not be the biggest retailer, but some of the trading trends it reported on Tuesday will be front of mind for retailers more widely.
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OpinionRetail surgery: We have refused to sacrifice margins to chase unprofitable sales. What is the best way to report our figures to show this?
We have refused to sacrifice margins to chase unprofitable sales. What is the best way to report our figures to show this?
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NewsGieves & Hawkes hires luxury man as chief executive
Savile Row menswear retailer Gieves & Hawkes has appointed John Durnin, a former chief of luxury giant Richemont, as chief executive.
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NewsCity sticks with Tesco but share price falters
Record results from Tesco failed to help either the grocer’s or its peers’ shares, which all fell over the week.
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NewsPrimark first-half surge opens door for opportunity in Europe
Impressive first-half trading figures from Primark will pave the way for further European expansion, City analysts believe.
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NewsEaster slump prompts Thorntons profit warning
Thorntons has issued a profits warning after the crucial Easter trading period failed to live up to hopes.
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NewsWhite Stuff fortifies team for growth
Lifestyle retailer and brand White Stuff has secured a new working capital facility and made a raft of high-level appointments to prepare it for UK and international growth.
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NewsLloydspharmacy MD to leave retail for healthcare job
Lloydspharmacy boss Richard Smith is to leave in June to become chief executive of healthcare company Integrated Dental Holdings.