Latest finance news – Page 189
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NewsSainsbury’s boss Coupe to tackle ailing toys and gaming sales
Sainsbury’s boss Mike Coupe has hinted that the retailer could reduce its exposure to the challenged toys and gaming categories following a turbulent Christmas.
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NewsTopps Tiles posts quarterly sales fall
Topps Tiles has reported a decline in like-for-like sales in its first quarter, when political uncertainty hit trade.
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NewsShoe Zone suffers profit fall after tough year
Shoe Zone has posted a fall in annual profits and hit out at the burden of business rates.
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NewsGreggs celebrates strong end to ‘exceptional year’ with staff pay-out
Food-on-the-go specialist Greggs has posted a strong fourth-quarter performance and full-year profit will be ahead of expectations.
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NewsSainsbury’s sales edge down over Christmas as general merchandise hit
Sainsbury’s has reported a fall in sales over the Christmas quarter, when strong food sales were undermined by a decline in general merchandise.
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NewsFurniture Village reports sixth consecutive year of growth
Furniture Village posted an increase in turnover as losses narrowed in its full-year results despite “subdued consumer confidence”.
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NewsJohn Lewis sales buoyed by start of Clearance
John Lewis & Partners has posted an uplift in sales as the first full week of its Clearance Sale drove its top line.
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NewsMorrisons ‘missed’ Black Friday halo effect at Christmas, says Potts
Morrisons boss David Potts admitted the grocer “missed” the halo effect of holding a Black Friday promotion before Christmas after rowing back from the discount frenzy.
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NewsMajestic Wine toasts ‘impressive performance’ during festive period
Majestic Wine has posted an uptick in sales during the festive period following a “year of uncertainty”.
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NewsMorrisons posts falling sales during ‘unusually challenging’ Christmas
Morrisons has registered declining like-for-like and total sales during the crucial Christmas trading period.
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NewsCarrefour completes acquisition of lunch delivery service Dejbox
French supermarket giant Carrefour has completed the acquisition of a start-up that delivers lunches to office workers in a bid to expand its grocery ecommerce offering.
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NewsDebenhams and HMV to close swathe of stores this month
Debenhams and HMV will both shutter stores this month as the retailers grapple with rising rents and business rates.
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NewsCVAs ‘delay inevitable failure’, research suggests
Company voluntary arrangements (CVAs) are delaying “inevitable future failure” rather than helping businesses secure longer-term futures, new analysis suggests.
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NewsAldi hails ‘strong’ Christmas as sales pass £1bn
Aldi has toasted a spike in Christmas sales as it wooed “more customers than ever before” during the festive period.
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NewsMountain Warehouse defies ‘doom-mongers’ with Christmas sales climb
Mountain Warehouse has recorded a boost in sales across the festive period bolstered by a strong Black Friday performance.
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NewsWaterstones posts flat Christmas after ‘nerve-wracking’ peak period
Waterstones registered flat – although better than expected – Christmas sales, chief executive James Daunt has told Retail Week.
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NewsMarks & Spencer appoints interim finance chief
Marks & Spencer has appointed David Surdeau to oversee its finances until a permanent chief financial officer is appointed.
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NewsNext edges up profit guidance as Christmas sales beat expectations
Next has recorded an increase in full-price sales over the festive period ahead of internal expectations, spurred by online, and has upped its full-year guidance as a result.
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NewsTopshop to close Westfield Stratford store after lease expires
Topshop in the Westfield Stratford City shopping centre is set to shut after its lease runs out.
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NewsRetailers report subdued Christmas spend as footfall plummets
Retailers registered tough trading during December as footfall declined throughout the crucial post-Christmas period.