Latest finance news – Page 47
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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.
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NewsChancellor unveils plans to ‘overhaul’ business rates in Labour conference speech
Chancellor of the exchequer Rachel Reeves has described the current business rates system as “outdated” and pledged to overhaul it in her speech at the Labour Party conference.
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NewsLondon Designer Outlet had its ‘best summer on record’ as sales surpassed £10m
London Designer Outlet has reported its “best summer performance on record” with its strongest-ever sales outside of December occurring in August.
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NewsOliver Bonas profits have dipped as shoppers tighten belts
Fashion, jewellery and homewares retailer Oliver Bonas has reported rising sales but declining profits for the 2023 financial year as it battles soaring inflation and “subdued discretionary consumer spending”.
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NewsSeasalt has named a new chief financial officer
Cornish fashion retailer Seasalt has drafted in a new chief financial officer in a ”significant strengthening” of its top team.
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NewsNike’s chief executive is to step down following tough period
The chief executive of sportswear giant and retailer Nike is to stand down next month and be replaced by a veteran of the business.
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NewsRetail volumes rose in August helped by weather and Sales
Retail sales volumes advanced last month and over 12 months, reached the highest level in more than two years.
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NewsUK consumer confidence has taken a drastic fall in September
UK consumer confidence took a drastic fall in September, reflecting consumer nervousness about the withdrawal of winter fuel payments and clear warnings about further difficult decisions to come.
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NewsOcado Retail lifts its sales guidance after a ‘strong’ quarter
Online grocery giant Ocado has increased its full-year revenue guidance as a result of “strong performance” as it continues making moves as “the UK’s fastest growing grocer”.
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NewsNext ups its full-year guidance again due to surging sales and new ‘avenues of growth’
Next has upped its guidance for the full year to January 2025, with profits now anticipated to reach almost £1bn, as sales and profits at the fashion giant have surged once again.