Latest finance news – Page 34
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NewsIn The Style has slashed jobs as its losses narrow, but what about sales?
Fashion retailer In The Style has reported a number of job cuts during the full year as its losses narrowed but sales continued to tumble.
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NewsShein’s London IPO is facing further delays due to new supply chain questions
The approval of Shein’s IPO has been delayed due to unanswered questions around its supply chain and legal risks as a result of challenges by a new advocacy group for China’s Uyghur population.
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NewsCurrys sees profits rise but it warns of “inevitable price rises” due to the Budget
Currys has recorded improved sales and profits but warned of the consequences of the new government’s Budget, which it described as “unwelcome headwinds”.
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NewsShoppers’ Christmas spending set to rise according to new research
The cost of living crisis isn’t set to derail the festive cheer with consumers planning to spend 10% more on gifts and 60% more on food and drink this year.
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NewsProCook sales have jumped as Christmas trading momentum picks up
ProCook has said trading momentum has picked up and posted an increase in first-half sales during a strong golden quarter.
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NewsZalando is set to snap up online fashion rival About You
Fashion giant Zalando is set to snap up German online fashion rival About You in a €1.1bn (£906m) deal in an attempt to “better serve the needs of customers”.
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NewsBoots is potentially up for sale again as private equity firm goes after Walgreens
A private equity firm is reportedly in talks to buy Walgreens Boots Alliance (WBA), which could end up resulting in a new auction of its subsidary, Boots.
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NewsInditex has reported a strong start to Christmas trading as sales and profits soar
Zara owner Inditex has reported a strong start to festive trading, as sales and profits soared over the year.
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NewsGrocery sales forecast to exceed £13bn over Christmas for first time ever
Grocery sales are expected to exceed £13bn over the four weeks of December for the first time ever, according to the latest Kantar grocery market share data.
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NewsMoonpig has swung to a loss despite rise in sales
Online greetings card retailer Moonpig has swung to a half year loss as its experiences arm struggles amid “difficult” trading conditions.
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NewsNaked Wines has narrowed its losses and said its turnaround plan is working
Naked Wines has insisted it’s in a “better position” as it narrowed its losses for the first half of its financial year.
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NewsBoohoo has urged shareholders to consider Frasers Group's 'true motivation'
Boohoo has written to shareholders urging them to consider the “true motivation” behind Frasers’ behaviour as they prepare to vote for Mike Ashley’s resolutions at a general meeting tomorrow.
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NewsPoundland impairment charge has cost Pepco hundreds of millions in losses
Poundland owner Pepco has reported a net loss due to a non-cash impairment charge for the high street discounter.
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NewsDobbies has confirmed store closures after restructuring plan approved
Dobbies has confirmed it will close several garden centres after its restructuring plans were approved.
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NewsChancellor sticks to her guns at Budget meeting with retail leaders
Retail representatives have met chancellor Rachel Reeves to detail industry concern over the extra costs imposed in the recent Budget.
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NewsFrasers is seeking control of embattled Norwegian sports retailer
Department stores and sports goods group Frasers is seeking to take control of Norwegian sports specialist XXL, where it’s already the second biggest shareholder.
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NewsQuiz launches business review as sales and cash dry up
Fashion retailer Quiz has begun a review of financing and strategic options following poor trading that has resulted in lower than expected cash headroom.
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NewsCard Factory eyes up US expansion with Garven Holdings acquisition
Card Factory is set to enter the US market following the £20m acquisition of Garven Holdings.
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News‘The Tories put the economy in a coma and Labour have turned the machine off’, says Frasers Group CFO
The chief financial officer of Sports Direct owner Frasers Group blamed the lack of consumer confidence in the run up to Christmas on the recent Labour Budget, which has “attacked a sector” in need of help.
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NewsWatches of Switzerland is upbeat heading into Christmas despite plummeting profits
Watches of Switzerland boss Brian Duffy has said the brand is performing “encouragingly” heading into Christmas, despite profits plummeting at the retailer.