Latest finance news – Page 42
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NewsThe Works is ‘well positioned’ for Christmas despite flat sales and falling profits
The Works has said it is “well positioned” for the peak Christmas trading period despite reporting flat sales and declining profits in a “challenging” year.
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NewsGreggs sales are on a roll as it holds firm on guidance
Food-on-the-go retailer Greggs has maintained its full-year guidance after a quarter of “further good progress” as sales continue to soar.
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NewsShop prices continue to deflate with furniture and clothing driving the fall
Shop prices continue to fall into deflation to reach their lowest level in three years, with furniture and clothing seeing the biggest drops in prices.
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NewsDobbies plans to close a raft of garden centres, risking hundreds of jobs
Dobbies will close unprofitable locations, exit the Little Dobbies format and make hundreds of staff cuts as the retailer seeks to navigate out of financial difficulty.
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NewsFrasers Group has made a bid for struggling Mulberry to avoid ‘another Debenhams situation’
Frasers Group has made a surprise takeover bid for luxury handbag and accessories brand Mulberry in what it called an attempt to avoid “another Debenhams situation”.
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NewsThe Body Shop CEO says brand is on its way back, starting with Spain and Portugal
The Body Shop chief executive says the brand is on its way back “market by market” as it rebuilds franchises in Spain and Portugal after a string of international closures.
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NewsSportsShoes.com international sales surge as overseas business grows
SportsShoes.com has reported a surge in international sales driven by growth in its overseas customer base as it targets more European markets for expansion.
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NewsBoohoo bosses under pressure to break up business and ‘spin off’ brands
Bosses at fast-fashion giant Boohoo Group are mulling a break up of the business as it faces pressure from shareholders to turn its fortunes around, according to reports.
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NewsPotential buyers in talks for Kurt Geiger include a private equity firm
Private equity firm Alteri Investors has been named as one of the parties mulling bids for luxury footwear and accessories brand Kurt Geiger.
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NewsDreams sales climb following a record investment in store and tech upgrades
Dreams has recorded a sales boost following record store, tech and supply chain investments as part of its modernisation programme.
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NewsFenwick has hired two new executives as losses narrow in ‘challenging year’
Exclusive: Department store group Fenwick has drafted two new senior executives to its top team and is looking forward to “an exciting new period of growth” after narrowing losses and sales slipping in a “challenging retail environment”.
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NewsBravissimo has been snapped up by a lingerie and swimwear manufacturer
Lingerie retailer Bravissimo has been acquired by underwear and swimwear manufacturer Wacoal Europe.
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NewsH&M has reported a ‘slow’ third quarter as sales slip and it warns on profit guidance
Swedish fashion giant H&M has reported a “slow” third quarter as sales dipped and the retailer lowered its operating margin expectations.
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NewsMorrisons sales jump as chief executive hails progress ‘across the board’
Morrisons chief executive Rami Baitiéh has praised the “good headway across the board” the supermarket has made, after reporting an increase in both total and like-for-like sales.
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NewsPepco is expecting to see ‘record revenues’ despite ongoing supply chain disruption
Pepco Group, which owns Poundland and Dealz, said it expects to see “record revenues” for the full year despite continuing supply chain issues.
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NewsDFS has swung to a loss as shipping delays and interest rate rises take their toll
Furniture retailer DFS has swung to a loss, blaming ongoing shipping delays in the Red Sea and the effects of higher interest rates on borrowing.
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NewsCo-op is back in the black as membership numbers surge
C-store specialist Co-op has returned to profit and increased its revenues as its membership push resulted in a spike in new active members.
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NewsAsos has put more than 100 jobs at risk amid bid to return to profitability
Asos is set to axe more than 100 jobs amid mounting losses at the online fashion giant as it attempts to return to profitability, according to reports.
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NewsCard Factory CEO has said the US market is the key to achieving its strategy
Card Factory’s chief executive has said the US market is key to achieving its strategy as it announces its first step in the region.
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NewsCard Factory's profits have fallen despite growth in sales
Card Factory posted a fall in profit for the six months to July 2024 despite growth in overall revenue.