All City & finance articles – Page 86
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NewsDFS profits plummet as supply chain issues and inflation take toll
DFS profits have plummeted as the retailer blamed supply chain issues, double-digit inflation and staff shortages for the slump.
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NewsWickes profits slip but full-year guidance remains unchanged
Wickes adjusted profits have slipped despite a marginal increase in sales, although the retailer’s full-year guidance remains unchanged.
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NewsTHG appoints new non-executive directors as losses deepen
THG has drafted in new non-executive directors (NEDs) to improve its ongoing corporate governance issues as its operating losses widened and its profits more than halved.
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NewsInditex sales reach ‘historic high’ as it expands store estate worldwide
Inditex, the owner of brands including Zara, has registered record sales with positive numbers across all countries in which it operates.
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NewsDunelm pledges to ‘make every pound count’ as profits and sales climb
Dunelm has recorded an uplift in both profits and sales, gaining market share from homewares competitors.
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NewsSainsbury’s ploughs £20m into ‘unprecedented’ autumn pay rise as cost of living mounts
Sainsbury’s is putting £20m into a fresh pay rise for staff “to support them with rising household costs”.
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NewsHotel Chocolat closes US website as it pulls out of country to focus on UK
Hotel Chocolat has closed its US website months after closing stores in the region to focus instead on its home market
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NewsReiss swings into the black with record profits and sales
Reiss has reported record sales and profits for the year to January 2022, despite its stores being closed for the first 10 weeks of the year
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NewsWilko moves to monthly rent payments to manage cash flow
Wilko has shifted to monthly rental payments in a bid to conserve cash heading into the crucial golden quarter.
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NewsWHSmith hails ‘strong’ trading as travel retail rebounds
WHSmith has posted a surge in sales as the performance of its travel division outstripped pre-Covid levels.
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NewsHalfords sales rise driven by uptick in motoring and services
Halfords registered an uptick in sales as it drops prices on essentials to help the cost of living crisis.
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NewsBoots launches ‘Everyday’ value range to combat cost-of-living concerns
Boots has launched a new value range to help consumers tackle the rising cost of living.
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Opinion‘Next two years will set tone for another chapter of retail channel evolution’
Pureplays face critical strategic decisions and omnichannel retailers have a window of opportunity, believes OC&C Strategy Consultants’ Matt Coode
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DataSales growth slows as retailers prepare for ‘tough time ahead’
Sales for the month of August slowed as consumers reined in spending and inflation pushed up costs to historic highs.
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NewsMatalan hunts for buyer as Joules credit insurer pulls cover
Matalan has hoisted the ‘for sale’ sign as the value fashion firm grapples with inflationary pressures.
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Opinion‘Asda is hitting the road in convenience retailing – the £600m Co-op deal proves it’
Both Asda and the Co-op have gained from the sale of the latter’s petrol forecourts to the big-four grocer, but one looks more likely to benefit in the long term than the other, writes Hugh Radojev
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NewsEG Group profits slump as cost of living and inflation take their toll
EG Group profits for the second quarter slumped, despite surging sales, as the cost-of-living crisis and inflationary environment took their toll.
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NewsTruss plans to cut business rates in face of energy crisis
Conservative leadership candidate Liz Truss has been in talks with industry lobbyists over plans to slash business rates
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Retail VoiceTop three tips for dealing with post-Covid rental woes
From being open and transparent to having a well-thought-out forecast, there are certain key factors to keep in mind when undergoing discussions around the Covid Rent Arrears Arbitration scheme, writes FRP’s Phil Reynolds
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NewsRevolution Beauty share trading suspended as results delayed
Trading in shares of AIM-listed Revolution Beauty is to be suspended this week