Latest finance news – Page 9
-
NewsDebenhams warns some suppliers of late payments
Debenhams Group, formerly Boohoo, has warned some of its suppliers that they may experience late payments amid mounting fears that the business is facing a cash crunch.
-
NewsJohn Lewis heir chairs newly created Trust
Toy specialist The Entertainer has formed a dedicated trust as ownership is transferred by the founding Grant family to employees, Retail Week can reveal.
-
NewsJD Sports posts first-half profit fall as tough US conditions take toll
JD Sports has reported what it described as a “resilient” performance in the first half of its financial year.
-
NewsPoundland reappoints former clothing boss ahead of Pep&Co relaunch
Poundland has brought back its former Pep&Co head of buying and design Maria Epaminondas ahead of the relaunch of its fashion range next year, Retail Week understands.
-
NewsWestfield launches Allders Parade in former historic department store
Westfield owner Unibail-Rodamco-Westfield (URW) is poised to open the doors to a new retail development inside the historic Allders department store in Croydon this week.
-
NewsKingfisher hails performance of B&Q and Screwfix as it upgrades profits
Kingfisher has singled out its strong UK performance across both B&Q and Screwfix as it upgraded its full-year profit guidance.
-
NewsBRC warns government against further tax rises in autumn Budget
The British Retail Consortium has warned the government against any further tax rises on retailers in the coming autumn Budget, saying any such moves risks “losing the battle against inflation”.
-
NewsAll remaining Bodycare stores to close as administrator fails to find buyer
All 57 remaining stores of embattled health and beauty retailer Bodycare are set to be shuttered before the end of the week after administrators Interpath failed to find a buyer for the chain, Retail Week can reveal.
-
NewsPoundland axes over 100 roles in head office restructure
Poundland has axed more than 100 roles across its head office in Walsall as part of a company-wide restructure, Retail Week can reveal.
-
NewsVery Group transformation boss steps down to join mayoral race
Online retailer Very Group’s chief finance and transformation officer is to step down and run as a mayoral candidate.
-
NewsCotswold Company posts record sales as shoppers shift to premium furniture
The Cotswold Company has seen record sales as shoppers invest in higher quality homeware.
-
NewsDebenhams reshuffles non-executive board
Debenhams Group has announced that it has appointed Tom Handley to its board of independent non-executive directors, after Alistair McGeorge stepped down earlier today (Friday, September 19).
-
NewsConsumer optimism about the economy ‘sliding sharply’
The latest numbers from GfK’s Consumer Confidence Index showed a two-point drop in September, while optimism about the economy has cratered since the Labour government came to power.
-
NewsPets at Home CEO exits as profits downgraded
Pets at Home chief executive Lyssa McGowan has left her role and the business has unexpectedly cut its profit guidance.
-
NewsDeliveroo CEO to step down after DoorDash deal completes
Deliveroo founder and chief executive Will Shu is set to leave the business, once the £2.9bn acquisition of the delivery firm is completed by DoorDash.
-
NewsNext posts big sales and profits rise, but sounds warning on UK job market
The fashion retailer reported group sales up by 10.3% and profit before tax up by 13.8% in the six months to July 2025 from 2024.
-
NewsConsumer confidence drops to lowest level since spring as food inflation rises
Consumer confidence in the economy has hit its lowest level since spring as reports of growing food prices and UK economic struggles take hold.
-
NewsMorrisons marks eleventh consecutive quarter of growth
Morrisons has reported an uptick in group like-for-like sales and an eleventh straight quarter of growth, despite the “challenging” consumer environment.
-
NewsMoonpig credits AI and product personalisation for ‘strong start to the year’
Online greetings card retailer Moonpig has credited its growing suite of AI services and product personalisation for its “strong” start to the financial year.
-
NewsQuiz records double digit sales growth after restructuring
Scottish fashion brand Quiz has reported double digit sales growth in July and August, after completing what it called a “wide-reaching operational streamlining strategy” of the business.