Latest finance news – Page 26
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NewsShein confirms stock market plans
Shein has officially confirmed its intention to go public on the stock market for the first time, with London appearing to be the preferred location.
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NewsDFS CEO: market stablising rather than recovering
The chief executive of DFS has said that the wider market slowdown surrounding ‘big-ticket’ purchases is stabilising, rather than recovering.
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NewsJohn Lewis profits triple as it hails ‘progress’ of ongoing transformation
The John Lewis Partnership’s profits have tripled which it says is a ”significant testament” to its ongoing transformation strategy.
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NewsSchuh slashes jobs as part of business restructure
Footwear retailer Schuh has made a number of redundancies across the business as part of a restructure in a bid to cut costs, Retail Week understands.
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NewsInditex boss hails ‘strong commitment to growth’ as sales and profits jump
Inditex said it had a “strong commitment to profitable growth”.
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News‘Debenhams is back’: Multi-year turnaround is complete as Boohoo Group rebrands
Boohoo Group has said “Debenhams is back” as the business has now been “successfully” turned around since it was acquired out of administration in 2021.
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NewsUK retail sales inch up but gloomy weather drags down fashion
UK retail sales inched up in February, although gloomy weather hampered fashion and non-food categories were generally muted.
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NewsMango goes from strength to strength as profits and sales soar
Spanish fashion giant Mango has delivered another strong set of results, reporting an increase in both turnover and profits.
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NewsRace for WHSmith high street business down to two bidders
The expectation is that a deal is being targeted for April.
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NewsCo-op staff vote to accept ‘above-inflation pay award’
C-store specialist Co-op has announced that its store colleagues have voted to accept an above-inflation pay award seeing hourly pay rates increase to at least £12.60.
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NewsNew owner for Boots as parent Walgreens acquired in $10bn deal
Walgreens Boots Alliance, owner of Boots in the UK, is to be sold to a private equity group.
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NewsAbercrombie & Fitch reports strong sales as it continues to target growth
US fashion retailer Abercrombie & Fitch has reported strong sales and profits during its fourth quarter and for the full year
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NewsNew retailer body releases plan for business rates
High Streets UK, a new initiative launched by representatives from British retailers, has laid out a series of policy recommendations in response to the government’s business rates discussion paper, Retail Week can reveal.
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NewsPepco ‘actively exploring separation options’ for Poundland
Pepco Group has said it is “actively exploring separation options” for Poundland as it aims to focus on a single format and move away from fast moving consumer goods (FMCG).
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NewsFebruary footfall rises thanks to half-term and Valentine’s Day
UK retail in February saw a rise in footfall across all destinations as shoppers took advantage of the half-term break and Valentine’s Day.
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NewsBoots owner Walgreens on the verge of $10bn private equity takeover
US based owner of Boots, Walgreens Boots Alliance, is close to a $10bn takeover by a private equity firm.
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NewsGames Workshop lifts guidance after 2025 starts with strong trading
Games Workshop has said sales have been ahead of expectations in January and February, with “strong trading” across both the core business and licensing.
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NewsVirgin Wines finance boss steps down as successor named
Graeme Weir, who was CFO and company secretary at the direct-to-consumer online wine retailer, is retiring after 22 years with the brand.
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NewsGreggs exceeds £2bn sales for the first time
Greggs has reached a record £2bn in sales for the first time and the brand is “in better shape than ever” as it opens its 2,600th shop.
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NewsOak Furniture Land CEO: ‘We should be able to take better market share’
The boss of Oak Furniture Land said its focus is now to be more dominant new categories and “take better market share”, following a period of consistent like-for-like growth.