Latest finance news
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NewsCard Factory profits soar driven by strong store performance
Card Factory reported an increase in profits and sales driven by “value and quality proposition and the strength of our store estate”.
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NewsAsos posts profits as turnaround strategy pays off
The online fashion giant posted profits despite sales declining in the fourth quarter of the year as its turnaround strategy paid off.
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NewsOliver Bonas hails ‘resilient’ performance as sales and profits grow
Oliver Bonas has posted a boost in profits and revenue for the 2022 full financial year as sales remained “resilient” despite the cost-of-living crisis.
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NewsAldi posts ‘record sales’ as it gains a million customers
Aldi has posted “record sales” in the 12 months to December 2022, claiming the cost-of-living crisis has “transformed” the way the UK shops.
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NewsThe Entertainer posts sales boost but ‘remains cautious’
The Entertainer has posted sales growth that outperforms the wider toy market but said it “remains cautious” about its short-term outlook.
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NewsWilko: the full and final list of store closures
Wilko will close the last of its remaining stores next month.
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NewsMothercare revenue and profit declines ahead of refinancing
Mothercare has reported a drop in revenue and profit ahead of completing a refinancing of the business to ensure it has “adequate and appropriate” funds for the future.
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NewsUK consumer confidence inches up but customers still under pressure
UK consumer confidence inched up four points in September as inflation slowed, but customers continue to face financial pressure.
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NewsJD Sports CEO Régis Schultz: ‘If you do a good job, you get good results’
After JD Sports posted double-digit profit growth in the first half of the year, in line with expectations to hit the £1bn profit mark for the first time, Retail Week finds out what has made the business more successful than others in its space
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NewsWilko administrators to carry out review of £77m dividends payout
Wilko’s administrators PwC will conduct a review into the dividends paid out to investors in the decade leading up to the retailer’s collapse.
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NewsTK Maxx owner TJX records rise in revenue and profit
TJX UK, a subsidiary of TJX companies in the UK that owns TK Maxx and Homesense has recorded a rise in revenue and profit in the 52 weeks to January 28.
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NewsCo-op profits climb driven by cost-saving efforts
The Co-op has reported “robust” sales performance as it swung to an operating profit driven by cost savings during the period.
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NewsJD Sports ‘on track’ for full year as sales increase
JD Sports has posted an increase in sales and confirmed profit remains “on track” for the full financial year as its strong brand portfolio continues to pay off.
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NewsNext raises profit guidance as sales boom
Next has increased its full-year profit guidance for the third time this year as sales and profits boomed during its first half.
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NewsDunelm profits dip despite year of record sales
Dunelm has pinned a slight reduction in full-year profits on controlling margins during a protracted inflationary period, even as it celebrated record sales.
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NewsNaked Wines reports ‘foundations laid to focus on profitable growth’
Online specialist Naked Wines has said its focus on profitability will pay off despite suffering a statutory full-year loss.
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NewsOcado sales rise as customer proposition strengthened
Online grocer Ocado has reported an increase in quarterly sales following price cuts and a focus on improved execution.
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NewsQuiz warns on profits as cost of living hits consumers
Fashion retailer Quiz has cautioned that a full-year loss is likely after sales in the year to date fell below the previous year’s levels.
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NewsKingfisher cuts profit forecast as tough trading conditions bite
DIY giant Kingfisher has slashed full-year profit expectations after facing harsh trading conditions, particularly in overseas markets.
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NewsExclusive: Natura values Body Shop at £500m as it approaches new potential bidders
The owner of health and beauty specialist The Body Shop is holding out for between £400m and £500m for the retailer, despite the first deadline for bids passing without any concrete interest from prospective buyers.