Latest finance news – Page 44
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NewsDunelm has gained more ground on John Lewis in homewares market share
Dunelm has put more space between itself and John Lewis in the league table of homeware market share.
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NewsInditex has reported rising profits and sales as collections prove a hit with shoppers
Inditex, which owns the likes of Zara, Stradivarius and Bershka, has reported a surge in profits and sales during the first half of the year as all brands posted growth and product collections continued to prove a hit with consumers.
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NewsDunelm has recorded a rise in sales and profits
Homewares retailer Dunelm has reported an increase in sales and profits boosted by a growth in volume, despite an overall “softer market”.
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NewsWHSmith has delivered strong growth in travel driven by the peak summer season
WHSmith has recorded a rise in revenue, mainly driven by travel sales during the peak summer period and new ranges.
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NewsGrocery price rises have eased but shopper confidence remains low
Grocery inflation in the UK fell in August but nearly 60% of households remain worried about the rising cost of their shopping.
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NewsWickes’ retail arm has continued to grow despite profits declining
Wickes has hailed the growth of its retail business despite profits declining during the first half and it not being “immune” from design and installation market struggles.
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NewsThe Cotswold Company sales have climbed despite the home and furniture slowdown
Sales at The Cotswold Company swelled by 15% for the first half of the financial year thanks to a step up in digital marketing and increased demand for “made-to-last” furniture.
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NewsEG Group has increased its profits after strong performances in the US and Europe
EG Group reported growth in profit and sales driven by strong performance in the US and Europe in the three months ending June 30, 2024.
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NewsAldi is making an ‘unprecedented’ investment following record sales growth
Aldi is making its “biggest ever annual investment in Britain” to open and refurbish a raft of stores by the end of this year, following its highest-ever period of sales growth.
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NewsThe Body Shop has been rescued
More than 100 Body Shop stores have been rescued from shuttering after a rescue deal was struck for the struggling chain.
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NewsAsos rejected a higher bid for Topshop from Shein and ABG
Asos sold its 75% stake in the Topshop and Topman brands to Heartland for £135m despite receiving a higher offer from fast-fashion juggernaut Shein and Authentic Brands Group (ABG).
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NewsThe Body Shop buyer has lined up working capital deal
The expected purchaser of The Body Shop is in advanced discussions to secure new financing as a deal nears.
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NewsConvenience store giant rejects $38bn takeover bid
The owner of c-store powerhouse 7-Eleven has spurned a $38bn takeover bid, but said it is open to further discussions.
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NewsAsos has sold a majority stake in Topshop and Topman brands
Online fashion giant Asos has today announced a new joint venture with Heartland, the holding company of Danish fashion retailer Bestseller, to sell a majority stake in the Topshop and Topman brands.
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NewsCurrys has hailed a ‘positive start to the year’ as sales rise
Electricals giant Currys has hailed a “positive start to the year” and said it is “well set” for the pending peak trading period as sales at the electricals giant increased.
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NewsPrimark has maintained its guidance despite unseasonable summer weather taking toll
Fashion giant Primark has maintained its full-year guidance despite the unseasonable British summer taking its toll during the second half.
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NewsWatches of Switzerland is on track for the full year thanks to UK market ‘stabilisation’
Watches of Switzerland has reported trading in line with expectations for the start of the financial year as the demand for luxury watches and jewellery in both the UK and US steadied.
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NewsHarrods has seen its highest ever turnover as sales surge
Luxury department store Harrods has recorded its highest-ever turnover, driven by tourists coming back to London post-pandemic.
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NewsMountain Warehouse snaps up US sports brand in $10m rescue deal
Outdoor specialist retailer Mountain Warehouse has bought US-based Eastern Mountain Sports (EMS) in a $10m (£7.6m) rescue deal.
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NewsBirkenstock has reported a record quarter thanks to demand for ‘ugly’ clogs
German footwear retailer Birkenstock has reported a record third quarter thanks to increased demand across all regions.