Latest finance news – Page 186
-
NewsHotel Chocolat blames supply chain for ‘moderate’ Christmas cost increase
While Hotel Chocolat reported increased sales in the second half of last year, it flagged that inefficiencies with its supply chain during the festive period saw its costs increase “moderately”.
-
NewsAsos sales jump as Beighton hails ‘encouraging start to the year’
Asos has reported sales increases in all of its markets, which led boss Nick Beighton to hail an “encouraging start to the year” for the pureplay retailer.
-
NewsTed Baker £58m stock overstatement more than double previous estimates
Ted Baker has said that its stock overstatement has been valued at £58m, which is “materially higher” than initial estimates.
-
NewsPets at Home Christmas sales climb bolstered by pet-grooming services
Pets at Home has reported a strong rise in festive sales, driven by a record day of trading in the run-up to Christmas and a surge in demand for dog-grooming services.
-
NewsWHSmith Christmas sales rise despite high street decline
WHSmith has reported a rise in total sales over the festive period, however like for likes slipped as the retailer’s strong travel performance was dampened by a fall in high street revenue.
-
NewsDixons Carphone re-issues festive trading update after error
Dixons Carphone has been forced to re-issue its Christmas trading update after a clerical error in its original filing.
-
NewsAldi hikes pay rates for shopfloor staff
Aldi has hiked its base rate of pay for all shopfloor staff to what it has dubbed “market-leading” levels.
-
NewsEve Sleep breaks even for first time during fourth quarter
Eve Sleep has broken even for the first time during the fourth quarter of its financial year as it remained on track to slash losses.
-
NewsJoules profits hit by later fall of Black Friday
Joules has blamed the later fall of Black Friday for a slump in half-year profitability.
-
NewsDixons Carphone posts flat Christmas sales as mobile hits top line
Dixons Carphone has hailed “strong” sales during the peak Christmas and Black Friday trading period, despite the turbulent mobile phone market continuing to drag on performance.
-
NewsMatalan Christmas sales edge up despite ‘unprecedented’ uncertainty
Matalan registered an uptick in sales during its peak trading period despite “unprecedented levels of political uncertainty”.
-
NewsSosandar to beat full-year sales target after record Christmas
Sosandar, the online womenswear specialist, will beat full-year sales expectations after a strong Christmas performance.
-
NewsIntu to raise new equity in battle to repair balance sheet
Retail property giant Intu intends to raise new equity as it seeks to fix its balance sheet.
-
NewsBeales collapses into administration
Department store Beales has fallen into administration today after a crunch meeting about the future of the business failed to prevent collapse.
-
NewsCentral England Co-op ‘outperforms’ grocery sector as sales rise
Central England Co-op registered an increase in sales during the crucial Christmas trading period.
-
NewsSignet Jewelers UK sales fall due to ‘difficult operating environment’
Ernest Jones and H Samuel owner Signet Jewelers sales fell during the golden quarter due to the tough trading environment in the UK.
-
NewsFrasers Group set to close six Jack Wills stores
Struggling fashion brand Jack Wills, owned by Mike Ashley’s Frasers Group, is set to shutter more stores.
-
NewsSpar posts festive sales rise as it focuses on fresh
Spar has recorded an increase in sales during the crucial Christmas trading period as its focus on availability and fresh categories bore fruit.
-
NewsN Brown blames profit warning on ‘highly promotional market’
N Brown has issued a profit warning following tough trading conditions and declining revenue from its financial services arm.
-
NewsPrimark steals market share as sales increase
Primark has registered increased sales during the Christmas period as it continues to expand its store footprint.