All City & finance articles – Page 6
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NewsPets at Home sees volume growth over past six months
In a pre-close update, the retailer said it was still on course to post an underlying profit-before tax of £92m, in line with its previous guidance.
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NewsInvestment in AI will pay off in two years, say European retailers
The new study by Retail Economics and Voyado also claims that £3.7bn of UK spending in retail marketing and ecommerce will be in areas exposed to AI-driven disruption by 2030
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InterviewWho is Garage Clothing – and what are its plans for the UK?
Canadian label Garage Clothing landed on British soil this month, with the opening of its debut stores. CEO Andrew Lutfy spoke to Retail Week about how the brand is looking to shake up the UK retail scene.
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NewsDebenhams Group improves profitability following strategic pivot
Debenhams Group has posted a boost in profitability and said its pivot to a “stock-light, capital-light, highly profitable marketplace” is working.
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Chart of the WeekCharts of the Week: Retail sales, Next costs and consumer confidence
Three charts give us an idea of what to expect over the next few months as the impacts of the Iran war truly begin to take hold
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NewsAsda ‘edging forward’ with turnaround despite plummeting profits
Asda executive chairman Allan Leighton insists the grocery giant is “edging forward” in its Formula for Growth turnaround plan, despite profits dropping by a third and like-for-like sales dipping.
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DataChart: Consumers brace for price rises as appetite for major purchases drops
Consumer confidence was down two points in March, according to the GfK consumer confidence tracker, with appetite for major purchases dropping sharply
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AnalysisNext chief executive Lord Wolfson on the impact of war in the Middle East
Fashion bellwether Next posted an impressive set of results this week, with chief executive Lord Wolfson revealing not only a strong year recently ended but upgraded profit guidance for the year just begun – despite war fears and associated extra costs.
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AnalysisDoes Khoury-Haq’s resignation leave a listing Co-op in danger of sinking?
As Co-op group chief executive Shirine Khoury-Haq steps away, Retail Week analyses the timing of her announcement and the shape of the c-store specialist as she departs
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NewsTHG returns to profit with a record half-year performance
THG has returned to profit following a loss last year, seeing a record half-year performance.
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NewsH&M sales fall flat but spring shows positive signs
Fashion retailer H&M has recorded flat sales but says spring is contributing to a “positive sales trend”.
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NewsNext sales and profit rise but it warns on potential Middle East impact
Next has seen a rise in year-on-year sales and profits, but it warns of a potential future impact from instability in the Middle East.
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NewsCo-op chief executive steps down as c-store specialist swings to a loss
The group chief executive of the Co-op, Shirine Khoury-Haq, has stepped down from the business, as the retailer plunged to a loss following last year’s cyber attack.
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NewsCurrys chief executive to step down following eight years at the helm
Currys chief executive Alex Baldock will step down from his role after eight years as boss to take on a new external position.
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FeatureShein and Temu: can retail ever be the same again?
The ultimate disruptors, Shein and Temu, have built empires on being ultra-cheap, with traditional high street players left to pay the price. Retaliation from new regulators and customs officials is just around the corner, but after changing what Brits think products are worth, will the industry ever go back to normal?
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NewsMorrisons sales jump as supermarket hails ‘much improved’ Christmas
Supermarket giant Morrisons has delivered like-for-like and total sales growth for the first quarter, following a “much improved” Christmas trading period.
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NewsAsos improves profitability as turnaround takes hold
Asos has reported an almost 50% jump in its underlying profitability for the first half of its financial year.
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Chart of the WeekCharts of the Week: ‘Awful April’, Iran war and the cost of living
April is upon us. The time when businesses and government bodies typically reserve the right to up the price of bills, whether that is because of inflation, upgrades or shoring up their finances.
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NewsBRC welcomes government decision to crack down on late payments
The BRC has welcomed a decision made by the government to introduce new measures on late payments for small businesses.
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NewsUK retail sales fall by most since March 2020
UK retail sales in the month of March tumbled by the most since April 2020, and the closure of the majority of non-food shops during the first weeks of the Covid-19 pandemic.