Latest finance news – Page 188
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NewsSelfridges delivers ‘strong’ Christmas sales boosted by vegan food range
Selfridges has posted an uptick in Christmas sales as demand for vegan food products and beauty services buoyed trading.
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NewsSuperdry warns on profits as Christmas sales slide
Superdry has issued a profit warning following a slump in sales during the Christmas period, but boss Julian Dunkerton insists the plan to return the fashion retailer to “sustainable long-term growth is on track.”
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NewsB&M books Christmas sales uplift despite ‘difficult’ retail backdrop
B&M has recorded an uplift in sales over the festive period, although boss Simon Arora says the value retailer posted “a slower performance than anticipated.”
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NewsJD Sports reports Christmas sales rise bolstered by international
JD Sports has said that it has posted like-for-like sales growth across its retail portfolio despite “widely reported challenges” in the UK market.
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NewsJoules issues profit warning off the back of ‘disappointing’ Christmas period
Joules has issued a profit warning following a torrid Christmas trading period driven by stock availability issues.
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NewsFortnum & Mason delivers ‘excellent’ Christmas results as sales spike
Fortnum & Mason has delivered what it called an “excellent” set of Christmas results, with all sales channels experiencing growth.
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NewsGame set to close stores as it calls on landlords to be 'realistic' about rents
Game has said it intends to close 40 stores across the UK unless it can renegotiate rents with landlords as it blamed a “challenging retail market”.
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NewsRetail CVAs decline with rise in administrations ‘sign of things to come’
The number of retailers entering into CVA has decreased year on year while administrations are on the rise.
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NewsTesco’s Lewis blames price cuts and promotions for ‘subdued’ market
Tesco boss Dave Lewis has blamed the “subdued” Christmas grocery market on widespread promotional activity and heavy investments in price, rather than the fragile consumer backdrop.
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NewsCard Factory warns on profits after weak Christmas
Card Factory has slashed expectations for the year to come and its financial year ending January 2021 following a “softer than anticipated Christmas trading period”.
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NewsBoots sales fall as Walgreens Boots Alliance profits decline
Boots has recorded a decline in first-quarter sales as parent group Walgreens Boots Alliance reiterated its full-year profit guidance despite a slump in operating income.
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NewsJohn Lewis boss Paula Nickolds exits and Christmas sales fall
Total sales at John Lewis department stores and sister grocery specialist Waitrose slipped over Christmas and longstanding director Paula Nickolds is to leave.
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NewsNaked Wines hails ‘good performance’ over Christmas as Gormley departs
Naked Wines has reported it had a “good performance” over Christmas with strong underlying revenue growth, as its founder and chief executive retires with immediate effect.
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NewsM&S posts ‘improved’ Christmas performance despite clothing decline
Marks & Spencer’s Christmas like-for-like sales edged up but total sales dipped despite its grocery arm “outperforming” the market.
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NewsDunelm hails ‘particularly strong’ Christmas results
Dunelm has registered increased sales and profits during the crucial golden quarter.
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NewsTesco sales inch up as it hails growth in ‘subdued UK market’
Tesco has reported slight increases in both total and like-for-like sales and a fifth consecutive Christmas of growth in what it described as a “subdued UK market”.
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NewsBRC: 2019 was ‘worst year on record’ for retail sales
Total sales for 2019 were the “worst on record” as the retail sector limped to the end of the year when Black Friday distortions were taken into account.
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NewsTed Baker’s lenders hire advisers to review struggling business
Ted Baker’s lenders have called in advisers to carry out an independent business review.
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NewsVictorian Plumbing hails ‘most profitable year to date’
Victorian Plumbing has registered soaring profits and sales during a record year.
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NewsGreggs to rollout delivery nationwide after successful trials
High street baking chain Greggs has confirmed it will roll out food delivery nationwide towards the end of this year, as it seeks to capitalise on changing customer behaviours and successful trials in 2019.