Latest finance news – Page 48
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NewsSephora has delivered ‘exceptional’ growth but LVMH sales and profit take a hit
Sephora has delivered double-digit growth despite parent group LVMH seeing a fall in sales and profit in the six months to June 30, 2024.
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NewsExclusive: Superdry CTO exits as Dunkerton aims to bolster board with new hires
Superdry boss Julian Dunkerton is rebuilding elements of his top team after its chief technology officer left the business and the search for new board members is underway, Retail Week can reveal.
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NewsLandlord Hammerson sells Bicester Village to LVMH-backed private equity firm
Landlord Hammerson has sold its entire stake in Value Retail, the owner of Bicester Village luxury retail park in Oxfordshire, in a £1.5bn deal, which it said would generate around £600m in cash proceeds.
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NewsTapi has bought Carpetright but many jobs and stores are still at risk
Carpetright has been rescued from collapse by rival carpet and flooring retailer Tapi – but hundreds of stores are expected to close, leaving many jobs at risk.
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NewsThe Body Shop may emerge from administration in August
The Body Shop may come out of administration in August as prospective new owner Auréa takes charge of developing a long-term growth plan.
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NewsThe owner of Homebase is mulling a sale after a takeover approach from The Range
Homebase owner Hilco Capital is reportedly mulling a sale of the DIY retailer to The Range after being approached regarding a potential takeover.
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NewsCotton Traders’ sales and profits have dipped amid ongoing ‘macroeconomic turmoil’
Fashion retailer Cotton Traders has reported a dip in sales and profits for the 2023 full financial year amid ongoing “macroeconomic turmoil”.
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NewsExclusive: More than half of Carpetright’s stores could be at risk in a Tapi deal
More than half of Carpetright’s stores could be at risk even if they are bought by rival Tapi, Retail Week can reveal.
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NewsAmazon Prime Day UK spend reached ‘record highs’ this year
Amazon Prime Day UK consumer spend across two days saw “record highs” totalling £1.3bn, according to the latest data from Adobe Analytics.
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NewsDunelm sales have risen driven by a growth in volume
Homewares retailer Dunelm has reported a growth in sales in its last quarter and the full year as sales volumes grew despite uncertain market conditions.
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NewsFrasers has reported increased profit despite sales dip in ‘break-out’ year
Frasers Group has posted profit at the top of its guidance range despite a dip in sales for the 52 weeks ending April 2024.
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NewsRetail guru Mary Portas is backing a new campaign to block Shein's IPO
Say No to Shein has launched a new petition calling on the government to block the highly-anticipated IPO.
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NewsThe Body Shop is on the brink of being saved by a British tycoon led investment firm
Administrators of The Body Shop have entered into an exclusivity agreement with a consortium led by investment firm Auréa to secure the future of the beauty chain in administration.
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News'Fierce competition between retailers' helped keep inflation down in June
The rate of inflation in the UK held firm in June and in line with the Bank of England’s target, according to the latest data from the Office for National Statistics (ONS).
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NewsAdidas has upped its full-year guidance as 'better than expected' sales momentum builds
Sportswear giant Adidas has upped its guidance for the full year after sales jumped in a “better-than-expected” second quarter.
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NewsHugo Boss has lowered its guidance as the slowdown in the luxury market continues to take its toll
Luxury fashion retailer Hugo Boss has lowered its full-year guidance as the slowdown in the luxury sector took its toll during the second quarter.
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NewsSosandar has unveiled its first UK store locations after posting ‘robust’ results
Online fashion retailer Sosandar has revealed where it will open its first bricks-and-mortar shops as it shifts to a multichannel model.
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NewsB&M has posted a quarterly sales rise but its UK like-for-likes fall
Value general merchandise and food group B&M has reported a rise in sales, although like-for-likes fell at the core UK business.
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NewsOcado claims its ‘online shift’ has resumed as its performance improves
Tech and online grocery giant Ocado has reported “good progress” in its interim results and increased earnings guidance.
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NewsTala has raised £5m in investment as it eyes international expansion
Activewear brand Tala has secured a new round of funding as it looks to expand into international markets as the demand for athleisurewear continues to grow.