All City & finance articles – Page 79
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NewsOak Furnitureland defies sector gloom as it returns to profitability
Oak Furnitureland has defied ongoing pandemic-induced disruption and soaring inflation in freight and raw materials to post a 10% year-on-year uplift in group revenue and a return to profit.
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AnalysisWho will be retail’s winners and losers in 2023?
Who will thrive and who will flounder in 2023? Retail experts share their tips for the year ahead
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NewsOne third of UK consumers to cancel holidays next year as they brace for recession
A third of UK consumers are set to cancel holidays and home improvement projects in 2023, as discretionary income continues to erode and the country faces the prospect of a long recession.
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NewsMatalan founder Hargreaves tables last-ditch bid to retain control
Matalan founder John Hargreaves has lodged a final offer for the clothing chain in a last-ditch bid to retain control of the business.
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NewsIkea UK sales jump as post-pandemic customers invest more in their homes
Ikea’s UK sales jumped 13% as customers looked to invest more in their homes, both in store and online, post-pandemic.
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NewsFrasers Group snaps up 15 fashion brands from rival JD Sports
Frasers Group has struck a £47.5m deal to acquire a string of fashion brands from its sportswear rival JD Sports.
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AnalysisCurrys boss Baldock on a tale of two markets – a Nordic slump vs UK resilience
Currys chief executive Alex Baldock painted a picture of starkly different markets as he unveiled the retailer’s interim results
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NewsAsos appoints new non-executive director in board reshuffle
Embattled pureplay fashion retailer Asos has appointed a former Amazon executive to its board as it looks to push ahead with its recently unveiled 12-month turnaround plan.
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NewsMountain Warehouse targets openings for new store format
Outdoor clothing specialist Mountain Warehouse plans to open more big stores and expects to be back in the black this financial year.
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NewsWatches of Switzerland clocks up rise in profits as store expansion drives sales
Watches of Switzerland has registered a spike in profits as its investments in new showrooms and store refurbishments bore fruit.
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NewsProCook swings to loss despite ‘good strategic progress’
ProCook has swung to a half-year loss after suffering a slide in sales against tough comparatives.
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AnalysisAnalysis: How are retailers mitigating the downfall of the pound?
What does a weakened pound mean for UK retailers? Who is feeling the pinch most? And what can they do to mitigate the problem?
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NewsSupermarket shoplifiting soars amid cost-of-living crisis
Shoplifting from supermarkets has surged 16% in the run-up to Christmas as the ongoing cost-of-living crisis piles pressure on consumers.
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NewsSosandar swings to profit and hails ‘record’ Black Friday sales
Sosandar has swung to a half-year profit and delivered a bullish update on current trading as it targets sales momentum.
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NewsPoundland owner Pepco ramps up investment in stores as profits rise
Poundland owner Pepco Group plans to accelerate its store expansion plan after posting an increase in profits.
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NewsMonsoon eyes new store openings as profitability recovers
Womenswear retailer Monsoon is bucking the gloom hanging over retail with plans to open new stores in 2023 after returning to profitability this year.
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NewsTesco begins hunt for new chair as John Allan prepares to stand down
Supermarket chain Tesco is drawing up succession plans for long-serving chair John Allan as he prepares to step down from his role in 2024.
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NewsSuperdry boss Dunkerton in talks over potential buyout
Superdry boss and co-founder Julian Dunkerton has held talks with private equity backers with an eye to a potential buyout of the company.
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Opinion‘Retail’s recent wave of IPO companies look like beached whales’
The performance of the wave of retail initial public offerings (IPOs) in the past couple of years has been the worst advert imaginable for the industry.
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NewsIn the Style launches strategic review as it swings to loss
Fashion brand In the Style has launched a strategic review of the business after its chief executive stood down and the business swung to a loss.