All City & finance articles – Page 67
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NewsVirgin Wines profits slow ‘in line with expectations’
Virgin Wines reported a full-year trading performance “in line with expectations” driven by a disciplined approach to customer acquisition, positive trends on conversion and cancellation rates, and a resilient WineBank loyalty scheme.
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NewsDFS reaches ‘strongest ever’ market share despite challenging market
Furniture specialist DFS reported a record market share of 38% driven by “the group’s leading brands, scale and well-invested integrated retail proposition”.
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NewsBurberry sales jump as core categories perform strongly
Luxury brand Burberry has reported a jump in sales, as core categories for the brand such as outerwear and leather goods performed well.
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NewsUniqlo owner Fast Retailing ups profit guidance
The owner of fashion giant Uniqlo, Fast Retailing, has upped its full-year profit guidance following a “strong” international performance in its third quarter.
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AnalysisFrasers or Nordstrom: who is Asos’ perfect match?
Embattled fashion pureplay Asos has recently been at the centre of takeover talks following reports of a £1bn takeover bid by Turkish fast-fashion retailer Trendyol. Frasers Group also sparked speculation by increasing its stake in the fashion retailer three times in two weeks
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NewsPepco revenue rises despite ‘challenging trading environment’
Pepco has reported a growth in revenue despite facing a “challenging trading environment” in April and May across central Europe.
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NewsFrasers Group ups stakes in N Brown and Currys
Frasers Group has increased its stakes in fashion retailer N Brown and electricals retailer Currys in a continued shopping spree for Mike Ashley’s retail empire.
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NewsMusic Magpie credits ‘strong momentum’ for first-half trading
Music Magpie has credited “strong momentum” for its first-half performance as it traded in line with expectations and looks forward to the “seasonally important” second half of the year.
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NewsWatches of Switzerland sales and profits soar in record year
Watches of Switzerland has posted a “record” year of revenue and profitability, entering 2024 “significantly ahead” of what it previously forecast as strong momentum across the US, UK and Europe continues.
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Opinion‘More Marks & Spencer magic should help Ocado sparkle’
As Ocado prepares to reveal half-year results next week, the tech and retail group’s star has been on the wane.
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NewsMango sales grow as it announces ‘ambitious expansion plans’
Fashion retailer Mango posted a boost in sales in the first half of the year, crediting “good performance” in its key markets as well as a “strengthened ecosystem of channels and partners”.
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NewsShoe Zone ups profit guidance as demand climbs
Shoe Zone has increased its profit guidance by almost a third as demand for value soars during the cost-of-living crisis.
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NewsRevolution Beauty CEO may quit as part of compromise deal
Revolution Beauty’s chief executive Robert Holt may quit as part of a compromise with fashion retailer Boohoo.
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NewsSosandar swings to profit in ‘milestone year’
Sosandar reported an increase in revenues and profits in a “transformational year” ending March, 2023 “despite the challenging macroeconomic conditions”.
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NewsIceland ‘confident’ about making highest profit for a decade
Iceland has revealed forecasts that show it will make its highest profit for a decade this year.
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NewsBoohoo to take Revolution argument to AIM stock market regulator
Boohoo is making a complaint to the junior stock market regulator as a war of words with Revolution Beauty continues.
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NewsJD Sports strengthens position in Iberia with £427m acquisition
JD Sports is set to buy out the minority shareholders in Iberian Sports Retail Group (ISRG) to acquire 100% of the brand as it strengthens its foothold in the Iberian peninsula.
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NewsCurrys profits fall as Nordics success ‘brought to abrupt halt’
Electricals giant Currys has posted a fall in full-year profit after its long track record of Nordics success “was brought to an abrupt halt”.
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Opinion‘As retail passes the year’s midpoint things could be better – but they could have been far worse’
Is it July already? As the summer holiday period kicks in and they sip a cool beer or glass of wine in Faros or Florida, retailers can pause for breath and reflect on a year now halfway through and prospects for the remainder
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NewsAO boss has ‘no plans’ to return to physical retail
AO founder and chief executive John Roberts has said the group has “no plans” to return to bricks-and-mortar retail after closing its shop-in-shops with Tesco last year.