Latest finance news – Page 3
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NewsCurrys upgrades profit outlook following ‘very strong’ Christmas
Currys has upgraded its adjusted group profit guidance, following what its chief executive described as “very strong trading over peak”.
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NewsMalin + Goetz to shut all UK stores as it collapses into administration
Skincare and fragrance brand Malin & Goetz has filed for administration in the UK, leading to the immediate closure of its UK store estate and redundancy of all store staff, Retail Week can reveal.
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NewsDFS names new CFO as it upgrades profit outlook
DFS has appointed a new chief financial officer and upgraded its full-year profit outlook after delivering a strong financial performance during the first half.
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NewsMajestic toasts ‘best-ever Christmas’ after record number of customers
Majestic has toasted to its “best-ever Christmas” after reporting a record number of customers shopped with the specialist wine retailer over the golden quarter.
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NewsLiberty names ex-De Beers CFO as new finance boss
Liberty has appointed former De Beers chief financial officer Alex Pregnolato as its new finance boss, effective immediately.
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NewsMatalan hails strong third quarter as profits surge
Matalan has hailed a strong third-quarter performance and an increase in sales in the golden quarter.
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NewsApparel Brands Group joins bidders for Russell & Bromley
Apparel Brands Group is among the parties said to be bidding for shoe retailer Russell & Bromley.
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NewsProperty giant Landsec sees retail destination sales ‘outperform market’
Property investment firm Landsec has reported a strong golden quarter as sales and footfall rose and outperformed the BRC benchmarks.
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NewsFreemans’ owner canvasses buyer interest
International retail giant Otto Group is soliciting buyer interest in its Freemans online business, Retail Week can reveal.
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NewsSaks Global wins court approval for $400m rescue financing
Iconic American department store chain Saks has obtained approval from a US bankruptcy judge to draw on $400m (£299m) in new financing despite objections from its estranged business partner Amazon.
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NewsVery Group reports ‘resilient’ peak trading driven by toys, home and beauty
The Very Group has reported a “strong and resilient” festive trading period as toys, home and beauty saw the strongest sales.
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NewsAmazon set to close Milton Keynes fulfilment centre
The online retailer is due to offer workers the chance to transfer to a different site as it opens a consultation on closing what was its first UK centre
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NewsDunelm has ‘softer than anticipated’ golden quarter
The homewares retailer blames the “ongoing challenging macroeconomic environment” as it said profit before tax will now come in at the lower end of consensus expectations
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NewsIconic department store group Saks files for bankruptcy protection
Saks, one of the most famous retailers in the world, has sought Chapter 11 bankruptcy protection as it seeks to establish “a strong and stable future”.
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NewsBooths toasts ‘record-breaking’ Christmas period
Upmarket Northern grocer Booths has toasted “another record-breaking Christmas”, with sales growth driven by an uptick in click-and-collect orders from the retailer’s members.
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NewsMulberry records growth across all markets as strategy starts to deliver
UK luxury fashion brand Mulberry has recorded revenue growth across all markets as its ongoing new strategy is starting to pay off.
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NewsProCook sees record peak season trading and gains in market share
Specialist kitchenware brand ProCook has recorded its best ever peak trading season as well as significant gains in market share.
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NewsFortnum & Mason beats tough market to post profit surge and strong Christmas
Food specialist Fortnum & Mason has unveiled a strong financial performance, “despite challenging times for consumers in the UK and beyond”.
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NewsSosandar credits ecommerce growth with surging sales
Fashion retailer Sosandar has credited the “continued momentum” of its ecommerce platform with a jump in revenues.
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NewsThe Perfume Shop reports sale increase driven by gifts and personalisation
The Perfume Shop has reported a rise in sales over the festive period as gift sets and personalisation services were popular.