Latest finance news – Page 30
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NewsHotel Chocolat savours record Christmas as it eyes US expansion
Premium chocolate retailer Hotel Chocolat enjoyed record Christmas trading and has now turned its attention to expanding in the US.
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NewsDr Martens has maintained its full year guidance as it makes ‘good progress’ on US turnaround
Footwear specialist Dr Martens has maintained its guidance for the full-year as sales rose during the third quarter thanks to a return to growth in the US and Asia Pacific.
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NewsLakeland family owners explore possibility of a sale
The owners of kitchenwares retailer Laklend is considering putting the business up for sale after more than 60 years of ownership.
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NewsWhite Stuff has reported a ‘strong’ Christmas helped by knitwear sales
Fashion retailer White Stuff has credited its “strong” Christmas trading performance to booming knitwear sales and reduced discounting, as it notes record number of new customers over the peak period.
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NewsThe Original Factory Shop is close to being acquired
Value retailer The Original Factory Shop is close to being bought by the owner of In The Style with a deal expected in the coming days.
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NewsBurberry has seen a decline in sales as it continues transformation plan
Luxury retailer Burberry has reported a decline in sales but believes its strategic transformation plan will deliver profitable growth in the long-term.
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NewsThe Works has reported narrowing losses as it unveils a new strategy
The Works has reported flat sales and narrowing losses as it unveils a new strategy aimed at growing profitability and strengthening performance.
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NewsRiver Island is making job cuts across its head office
River Island has launched a redundancy programme, with roles at its London head office expected to be slashed.
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NewsConsumer confidence has fallen on all measures as January blues set in
The British public is less confident about the economy and their personal finances, according to the latest GfK consumer confidence index.
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NewsSainsbury’s to axe thousands of jobs as it closes counters and streamlines head office
Supermarket giant Sainsbury’s is set to slash thousands of jobs across its supermarket estate and head office functions as it targets more growth.
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NewsRevolution Beauty expecting a drop in sales before returning to growth
Revolution Beauty has said it is expecting to see a drop in sales for the full financial year, before returning to growth in the medium term.
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NewsPrimark’s UK sales have been hit as ‘cautious’ shoppers held back in lead up to Christmas
Fashion giant Primark has reported slumping sales in the UK and Ireland as “cautious shoppers” held back on seasonal spending in the lead up to Christmas.
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NewsTHG posts sales dip but remains on track for full year after Ingenuity split
Ecommerce giant THG, which owns the likes of Look Fantastic, MyProtein, and Cult Beauty, has reported a dip in sales for the fourth quarter but said it expects full year adjusted EBITDA to be “in line” with expectations in its first update since demerging its technology platform Ingenuity.
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NewsRituals is ramping up its global expansion as sales hit €2bn for first time
Cosmetics retailer Rituals is plotting further expansion as sales at the business have surpassed €2.1bn (£1.77bn) for the first time.
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NewsWaterstones profits have soared as workers return to the office
Waterstones has hailed workers returning to the office, increasing footfall in London and the rebound of international tourism for contributing to its profits quadrupling in its most recent financial year.
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NewsBoohoo shareholders have shot down Frasers Group’s bid to ‘destabilise’ the brand
Fast-fashion giant Boohoo’s shareholders have “overwhelmingly” voted against Frasers Group’s bid to oust founder and group executive vice-chair Mahmud Kamani at today’s general meeting.
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NewsShoe Zone profits slide after ‘year of two halves’
Shoe Zone has reported a fall in annual sales and profits after a good start to the year was followed by a tough second half.
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NewsPoundland owner weighs changes as it calls in advisers
The owner of UK value retailer Poundland has drafted in advisers to explore options to arrest the business’ slump.
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NewsBudget is hurting part-time workers and women, warns Pets at Home boss
The boss of Pets at Home has said the changes to national insurance set out in the budget are damaging opportunities for “young, flexible workers”, part-time workers and women.
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NewsDFS ‘cautiously optimistic’ following profit and sales growth during first half
Furniture retailer DFS has reported profit growth during the first half as it continues to establish position as “the clear market leader”.