All City & finance articles – Page 82
-
NewsDecember sales rise as Christmas brings some cheer for retailers
UK retail sales rose in December 2022 but the uptick masked a drop in volumes due to inflation running at historically high levels, the latest BRC-KPMG Retail Sales Monitor has found.
-
NewsN Brown reaches £50m legal settlement with insurer
JD Williams-owner N Brown has announced it is to settle an ongoing legal dispute with Allianz Insurance for £49.5m by the end of the month.
-
NewsHobbycraft delivers ‘robust’ Christmas trading performance
Hobbycraft has posted a “robust” set of Christmas results driven by workshops, a quicker click-and-collect service and social media ‘cleanfluencer’ Mrs Hinch.
-
AnalysisAnalysis: Next’s Lord Wolfson – caution in 2023 but ‘light at end of tunnel’ for retailers
A profit upgrade but reduced expectations for the year ahead – what to make of Next’s Christmas update? Chief executive Lord Wolfson unpicks the trading messages
-
NewsBoots’ focus on value delivers strong Christmas performance
Boots’ focus on value has paid off this Christmas as it posted an 8.7% increase in like-for-like sales for the three months to November.
-
NewsTrouva acquired by personal shopping platform Re:store
Trouva, the online marketplace for independent brands, has been bought by Cambridge-based digital personal shopping platform Re:store for an undisclosed sum.
-
NewsGreggs beats strikes and bad weather to post strong seasonal sales
Food-on-the-go specialist Greggs generated a big Christmas sales rise to end the year strongly.
-
NewsNext ups profit guidance as Christmas sales beat expectations
Fashion powerhouse Next has increased its earnings guidance after a strong Christmas performance.
-
NewsWilko secures £40m lifeline as it reshuffles non-executive board
General merchandise retailer Wilko has secured a £40m funding lifeline from noted high street lender Hilco and has announced a change at the head of its board.
-
NewsJoules owed more than £100m when it hit the wall
Fashion retailer Joules was nearly £114m in the red when it collapsed last month.
-
NewsAsos shareholders urged to rebel at AGM next month
Troubled online fashion giant Asos faces the prospect of a shareholder rebellion at next month’s AGM.
-
NewsMade.com customers to be left £12m out of pocket, warn administrators
Tens of thousands of Made.com customers will collectively lose out on £12m worth of deposits made around the time the retailer collapsed into administration.
-
NewsMatalan outlines timeframe for completion of sale
Embattled fashion retailer Matalan says it has received bids from a “number of interested parties” and expects to complete the sale process by the end of January.
-
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.
-
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
-
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.
-
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.
-
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.
-
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.
-
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