All City & finance articles – Page 63
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NewsWatches of Switzerland sales increase
Watches of Switzerland posted strong sales as demand for luxury watches remains robust despite a difficult consumer environment.
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NewsPrimark profits soar driven by sales increase in all markets
Value fashion retailer Primark posted a rise in profits as sales increased in all markets across the UK, Europe and the US in the full year ending September, 2023.
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NewsWhite Stuff profits and sales rise in ‘strong’ year
White Stuff has reported a rise in both profits and sales in a “strong” year of growth for the fashion retailer in the early stages of its “ongoing business transformation”.
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NewsWickes underlines profit guidance as it grows market share
Wickes has reported an increase in core market share as it remains “on track to meet full-year expectations”.
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NewsSainsbury’s winning back shoppers from discounters ‘for first time’
Sainsbury’s boss Simon Roberts says the supermarket is now winning back market share from the discounters “for the first time”.
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NewsHugo Boss maintains guidance after ‘robust’ third quarter
Fashion retailer Hugo Boss has maintained its full-year guidance after a “robust” third-quarter performance with top-line improvements across “both brands, all regions and all consumer touchpoints”.
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NewsZalando revises guidance as it posts revenue decline
Online fashion giant Zalando has recorded a decrease in group revenue and is reviewing its guidance as it expects “continued pressure on demand” for the remainder of the financial year.
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NewsSainsbury’s sales rise as it continues to ‘invest in customer’
Sainsbury’s has reported a rise in sales that it credits to “consistent investment in our customer proposition” and has increased its guidance for the full year.
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NewsMatches aims to rekindle ‘customer love’ after full-year loss
Matches has said it will focus on getting the brand back to profitability and growing “customer love” amid its turnaround strategy after a full-year loss and decline in revenue.
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NewsAsda acquires EG and pledges price cuts
Asda has completed its purchase of forecourt retail giant EG Group at an enterprise value of £2.07bn. It vowed the deal will mean lower fuel and grocery prices “for millions”.
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NewsBody Shop enters exclusive sale talks with Aurelius
Private equity house Aurelius is in exclusive talks to acquire health and beauty retailer The Body Shop, which is being sold by owner Natura &Co.
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NewsEmbattled Asos considers sale of Topshop
Online fashion specialist Asos is examining the possible sale of the Topshop brand, which it bought three years ago, as boss José Antonio Ramos Calamonte seeks to turn around the core business.
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NewsFrasers offloads Missguided to Shein and eyes Wiggle deal
Frasers Group has sold Missguided’s intellectual property to online fast fashion giant Shein and flagged the potential for future collaboration between the pair.
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News‘Challenging’ market conditions hit Very Group results
The Very Group has posted its full-year results, showing relatively flat revenue and a mixed sales performance.
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NewsBoohoo threatened with £100m lawsuit
Fast-fashion retailer Boohoo is facing a potential £100m lawsuit from investors after modern slavery allegations slashed more than £1bn from its value.
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NewsScS posts ‘resilient’ results as current trading ‘toughens’
Profits at sofas retailer ScS edged down last year and the retailer reported that the trading environment has been harder in the first quarter of the new financial year.
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NewsAsos delays results and confirms full-year loss
Online fashion specialist Asos has delayed its full-year results for a week.
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NewsWiggleCRC faces uncertain future as financial lifeline lost
WiggleCRC’s future is on the line after parent company Signa Holding, the co-owner of Selfridges, withdrew a financial lifeline.
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NewsUnseasonably warm weather hurts September fashion sales
Unseasonably warm weather undermined clothing retailers’ sales in September, official data has shown.
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NewsMatalan hails ‘strong’ quarter as revenue and profits rise
Matalan has reported an increase in revenue and profits during a “strong” second quarter for the retailer as it works to build a “stronger, more modern” business.