Latest finance news – Page 29
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NewsAsos’ former credit insurers reinstate cover as it works on turnaround plan
Asos has seen two previous credit insurers reinstate their cover for Asos clothing suppliers as the fashion retailer continues its turnaround plan.
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NewsPoundland’s managing director has stepped down amid reports of a sale
Poundland’s managing director Austin Cooke has left the value retailer amid reports of a potential sale.
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NewsTrouva has paused trading and is searching for a new buyer
The owner of online fashion marketplace Trouva is looking to pause trading while it looks for a buyer, according to reports.
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NewsHomebase owes unsecured creditors including retailers over £650m
Homebase owes more than £650m to unsecured creditors following its collapse into administration last November.
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NewsJohn Lewis and Waitrose ‘missed sales targets’ in the run-up to Christmas
John Lewis Partnership is reported to have recorded lower sales and profits than expected in the lead-up to Christmas.
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NewsSavers is planning to open 30 new stores across the UK in 2025
Value health and beauty chain Savers is planning to open 30 new stores in the UK this year, with a particular focus on the southeast of England.
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NewsMulberry has announced a new turnaround plan and CFO appointment
Mulberry is embarking on a new turnaround strategy and has announced the appointment of a new chief financial officer with the aim of returning the brand to profitability.
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NewsH&M ‘on track’ as sales and earnings rise
A year into his role, H&M chief executive Daniel Ervér has maintained that the retailer is “on track” as he reported higher sales and profits.
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NewsCrew Clothing ramps up store expansion plans following Christmas sales surge
Fashion retailer Crew Clothing is planning to open “at least” 20 stores in 2025 following a surge in sales over Christmas.
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NewsMorrisons hails ‘broad based progress’ as profits and revenues jump
The grocer’s turnaround looks to be gathering pace as it reported strong Christmas trading and full-year profits and revenues both climbing.
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NewsCastore scores big over Christmas with ‘strongest ever sales performance’
Sportswear brand Castore has enjoyed a “record Christmas” hailing its “strongest ever trading performance” over the period.
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NewsWHSmith’s travel business takes flight as high streets continue to drag
WHSmith has praised the “strong momentum” across its increasingly core travel business, not least in the US, while its high street stores performed “in line” with expectations.
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NewsHalfords has upgraded its profit guidance following strong sales
Halfords has upgraded its profit guidance for the full year as it cites recent trading and “continued strategic progress”.
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NewsQuiz is on the brink of administration following stock market exit
Fashion retailer Quiz is reportedly on the brink of administration days after its shares were delisted from the London Stock Exchange.
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NewsJollyes sales soar as it embarks everyday low pricing model
Jollyes has posted strong Christmas trading results alongside a new commitment to shun loyalty prices for a new everyday-low-pricing model.
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NewsHMV owner eyes 500 WHSmith stores, reports say
Canadian entrepreneur Doug Putman is in talks to buy the store network of the high-street stalwart, according to The Sun newspaper.
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NewsWickes upgrades profit forecast as retail sales grow
Wickes has upgraded its full year profit forecast, after retail sales jumped in the second half of the year.
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NewsPets at Home cites ‘challenging consumer backdrop’ for sales slide
Pets at Home has reported a slump in retail revenue in the third quarter, putting it down for a “challenging consumer backdrop”.
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NewsShop price deflation driven by retailers offering deep discounts
Shop price deflation in the first month of the year was driven by retailers offering customers deep discounts during the period.
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NewsWeird Fish plots further store expansion after Christmas sales surge
Fashion retailer Weird Fish is planning further bricks-and-mortar expansion in 2025 following a surge in sales and profits over Christmas and during the 2024 financial year.