Latest finance news – Page 22
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NewsExclusive: Fat Face boss Will Crumbie says product is ‘at the heart’ of success as sales soar
Fat Face boss Will Crumbie has said product is “at the heart” of its success as the fashion retailer reported a surge in sales and profits for the full year.
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NewsExclusive: Prospective bidders for The Body Shop balk at £500m valuation
Private equity bidders in the running to buy The Body Shop are being put off by its Brazilian owner Natura’s high valuation on any potential sale, Retail Week can reveal.
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NewsTopps Tiles sales soar in ‘record’ year
Topps Tiles has posted an increase in sales and said it expects adjusted profit before tax to be “in line with market expectations” as it hailed another “record” year.
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NewsTesco profits and sales surge as focus on value pays off
Tesco has posted an increase in both profits and sales during its first half, as well as raising its full-year profit guidance, as its investment in value and quality pays off.
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NewsFood prices drop due to ‘fierce competition between retailers’
Both food inflation and shop price inflation have seen a continued drop and are at their lowest levels since August 2022 and September 2022 respectively.
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NewsGreggs sales soar as it maintains profit guidance
Greggs has reported a surge in sales helped by “increased customer visits” as it expects its full-year outcome to be “in line with previous expectations”.
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NewsBoohoo revenue and profits decline as it issues double-digit profit warning
Boohoo has posted a fall in revenue and profits in the six months to August 31, but said it is working on “improved profitability and getting back to growth”.
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NewsNext to appoint Reiss executive as CFO Amanda James steps down
Next chief financial officer Amanda James is stepping down from her role and retiring from full-time work after 28 years at the retailer in July next year.
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NewsVictoria Plum sold to Beds.co.uk owner
AHK Designs, the owner of Beds.co.uk and furniture retailer Cox & Cox, has purchased bathroom retailer Victoria Plum.
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NewsNike pledges to build success with ‘greater consistency and speed’
Sportswear giant Nike is to double down on drivers of success after a first quarter in which it beat earnings expectations but missed anticipated sales.
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NewsWilko creditors face prospect of as little as 4p in pound payback
Creditors of bust retailer Wilko are expected to lose most of their money, its administrator has estimated.
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NewsJohn Lewis ponders £150m sale and leaseback of Waitrose stores
John Lewis Partnership aims to generate £150m from the sale and leaseback of 12 Waitrose stores as it seeks to bolster its finances.
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NewsMorrisons sales improve as loyalty scheme and price cuts pay off
Morrisons has posted an improvement in like-for-like sales in the third quarter, and said lower prices and its new loyalty scheme had cut through with shoppers.
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NewsH&M profits climb despite slowdown in September sales
Fashion giant H&M has posted a boost in profits and sales for the first nine months of the year, despite sales in September slowing as a result of an “unusually hot” start to the autumn season.
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NewsClarks sales slip as supply chain issues take their toll
British footwear retailer Clarks has posted a decline in profits after tax and turnover for the 48 weeks to December 2022 as supply chain issues took a toll on trading.
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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.