All City & finance articles – Page 82
-
NewsMade.com co-founder's rescue bid fails as Next and Frasers circle
Made.com co-founder Ning Li has failed in his attempt to purchase the stricken furniture specialist and the likes of Next and Frasers are now eyeing potential bids.
-
NewsJoules on the brink after poor trading leaves working capital position 'below expectation'
Fashion brand Joules is exploring its options, including a possible CVA, as poor current trading has left the retailer’s working capital position “below expectation”.
-
AnalysisMade.com: What went wrong and where did the money go?
The rapid collapse of Made.com has raised eyebrows across the retail sector. Retail Week delves into what went wrong, where the money went and what the fate of the business could be
-
NewsDFS order volumes strengthen after lean summer
DFS has indicated there may be some green shoots of recovery in the furniture sector after a tough summer, with order volumes strengthening heading into the golden quarter.
-
Opinion'Difficult trading conditions offer a good opportunity to accelerate renewal'
While many retailers will approach uncertain conditions by looking to reduce costs and scale back, arbitrarily cutting investment is not a long-term approach, believes Lisa Hooker
-
NewsAllSaints profits and sales soar driven by growth across all channels
AllSaints has reported mounting profits and sales despite store closures at the beginning of the financial year.
-
NewsSainsbury's profits fall following price investment and post-Covid shift in shopping habits
Sainsbury’s has reported a decline in first-half profits but said current trading is strong and it is making volume market share gains.
-
NewsNext sales inch up boosted by colder weather
Next’s full price sales grew slightly in the third quarter.
-
AnalysisAnalysis: Why the Lotte tie-up could prove to be lucky number 12 for Ocado
Ocado rubber-stamped an agreement with South Korean giant Lotte Shopping on Tuesday. The move has been hailed by investors as a coup, given South Korea’s highly mature ecommerce market and high level of automation. Could this be 12th time lucky for Ocado?
-
NewsMade.com to call in administrators after failing to secure buyer
Troubled home and furniture specialist Made.com is to call in administrators and share trading has been suspended.
-
NewsAsda completes purchase of 132 Co-op petrol forecourts
Asda has formally completed a deal to acquire 132 petrol forecourt sites from the Co-op, subject to regulatory approval.
-
NewsHarrods swings back to black despite decline in Chinese tourists
Harrods has swung back into the black as the retailer’s top line closes in on pre-pandemic levels.
-
NewsAmazon shares tumble as it warns golden-quarter profit could be wiped out
Amazon has warned that its profits could be all but wiped out during the crucial golden quarter in a bleak prediction that stunned Wall Street.
-
Opinion'Welcome to Web -1.0, where pureplays struggle and stores are stars'
Never mind the metaverse and Web 3.0 – as ecommerce players fall on tougher times, retailers must focus on creating genuinely multichannel models, writes Retail Week executive editor George MacDonald
-
NewsWhite Stuff swings to the black after 'quietly rebranding' business
White Stuff has returned to profit following a branding overhaul last year.
-
NewsRetailers to splurge record £446m on golden quarter advertising
Retailers are taking their marketing and advertising spending to record levels this golden quarter, as the deepening cost-of-living crisis forces customers to cut discretionary purchases.
-
NewsVirgin Wines expects sales and margin impact from tough trading conditions
Online specialist Virgin WInes anticipates flat sales and lower margins in its current financial year as tough trading conditions take a toll.
-
NewsMade.com suspends new orders as it teeters on brink after sale talks collapse
Made.com is teetering on the brink of administration after several potential suitors pulled out of rescue bids for the business.
-
NewsVery profits rise as cost reductions offset falling sales
The Very Group has posted a rise in full-year profitability despite falling sales, as the etailer hailed the impact of “diligent cost management” in a “challenging market”.
-
NewsTHG sales rise driven by growth in beauty and nutrition
THG revenues have risen year on year driven by strong performances in the beauty and nutrition categories, while its full-year profit guidance remains unchanged.