Latest finance news – Page 12
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NewsMajestic raises glass to ‘best-ever Christmas’
The UK’s largest specialist wine retailer, Majestic, has toasted its “best-ever Christmas” performance, with sales jumping by 8.1% over the period.
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NewsExclusive: Bodycare sales rise as it eyes southern expansion
Bodycare has reported a rise in sales over the golden quarter driven by increasing margins and in-store sales as it looks to expand to the south of the UK.
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NewsExclusive: Ann Summers secures £8m funding
Ann Summers has secured £8m in fresh funding in a bid to boost its omnichannel offering and drive growth, Retail Week can reveal.
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NewsAsda and union reach agreement for c-store and restaurant staff
Asda and retail trade union Usdaw have signed an agreement for Usdaw to “recruit and represent” hourly paid staff working in former EG Group convenience stores and restaurants recently acquired by Asda.
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NewsBoots delivers biggest ever Black Friday sales
Boots has reported strong sales and an 11th consecutive quarter of market share growth after delivering its biggest-ever Black Friday to date.
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NewsTopps Tiles sales slip due to ‘ongoing challenges’
Topps Tiles has posted a dip in sales in its first quarter due to “ongoing challenges to discretionary consumer spending” as the cost-of-living crisis continues to take its toll.
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NewsJD Sports issues profit warning after ‘soft’ peak trading
JD Sports has lowered its full-year profit guidance after revenue growth was hit by “milder weather”, “cautious” consumer spending and a peak trading season “softer” than anticipated.
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NewsNext ups profit guidance again as sales soar
Next has upped its full-year profit guidance for the fifth time in eight months following “better than anticipated” full-price sales during November and December.
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NewsMamas & Papas on track for record year
Mamas & Papas is on course for a record financial year after a bumper Black Friday provided a golden quarter sales boost.
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NewsSupermarkets enjoy busiest Christmas since 2019
UK supermarkets experienced their busiest Christmas trading period since 2019, as a record £13.7bn of sales went through the tills.
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NewsOutlet Shopping at the O2 posts ‘record-breaking’ year
Outlet Shopping and the Entertainment District at the O2 has posted a “record-breaking” year of trade in 2023 after welcoming 8.9 million visitors to the destination.
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NewsRetail pop-up specialist Sook ceases trading
Retail pop-up specialist Sook has closed all its stores after failing to find sufficient funding.
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NewsCotswold Company sales climb as consumers reject 'throwaway furniture'
The Cotswold Company grew orders 13% over the golden quarter as shoppers refreshed their homes for guests at Christmas.
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NewsLidl reports record-breaking Christmas
Lidl has reported a record-breaking Christmas trading period, as sales of its Deluxe own-brand products flew off the shelves.
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NewsAldi to slash prices further after ‘best ever’ Christmas sales
Aldi has vowed to slash prices further in 2024, after reporting a record Christmas trading period.
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NewsScS shareholders vote through £99m sale to Poltronesofà
The £99m takeover of ScS by Italian sofa retailer Poltronesofà has been given the go-ahead after shareholders voted in favour of the deal yesterday.
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NewsNike plans $2bn cost savings as it posts soft sales outlook
Nike has outlined plans to make $2bn (£1.6bn) in cost savings over the next three years as demand slows and it looks ahead to a “softer” second-half sales outlook.
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NewsRetail hopes rest on big Christmas weekend ahead of ‘new year’s chill’
Retailers are holding out hope for a last big weekend of trading ahead of Christmas Day, despite the economic outlook being decidedly gloomy.
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NewsFrasers Group snaps up Matches in £52m deal
Frasers Group has snapped up luxury fashion retailer Matches in a £52m deal as it looks to strengthen its luxury offering and elevate its portfolio.
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NewsAsda faces £30m rise in debt costs as bosses grilled by MPs
Asda could have to pay increased interest payments of £30m from February as owners Mohsin and Zuber Issa’s loans become due.